Economic Ragnorak and the fall of the Gods

[aufbahrung]

[Hermit]

The Youtube channel is run by Clayton Morris, television presenter and real estate investor.

This is what the Wikipedia writes about him:

In March 2019, investors filed more than two dozen lawsuits in Indiana and New Jersey, claiming that Morris was running a Ponzi scheme involving the sales of some houses in C- and D-class neighborhoods through his investment company, Morris Invest, in Indianapolis, Indiana. The investors claim they were sold rental properties which Morris Invest promised to rehabilitate and rent out, earning them rental income. Some claim they later discovered the properties they received rental income from for several months were boarded up and vacant and they began receiving city code and country health department violations. Others found they had purchased vacant lots, small shacks or buildings that were falling down.[5]

By July 2019, Morris had moved the family to a resort town on the coast of Portugal. The Morrises say they and several members of their family also lost money because of the underhanded business practices of former business partner Bert Whalen of Oceanpointe Investments. Whalen is accused of taking money entrusted to him for purchases, rehabilitations, and property management costs and forging documents when asked for updates and receipts. The Morrises intend to fight the suits from overseas. Federal and state law enforcement officials would not comment on whether or not there was a criminal investigation.[6]

In March 2020, Clayton Morris lost a $7.2 million copyright infringement lawsuit against HoltonWiseTV. The lawsuit, filed in Federal Court by Morris in October 2019, stemmed from HoltonWiseTV's production of a three-hour documentary investigating the alleged involvement of Morris in various real estate scams.[7][8]

In May 2020, the state of Indiana filed a civil lawsuit against Clayton Morris, among others, for violating Indiana's deceptive sales and home loan acts in real estate deals involving more than 150 properties in Marion County.[9]

I guess the words "economic collapse" drew you to this video.

[JimC]

Said Hanrahan

“We’ll all be rooned,” said Hanrahan,
In accents most forlorn,
Outside the church, ere Mass began,
One frosty Sunday morn.
The congregation stood about,
Coat-collars to the ears,
And talked of stock, and crops, and drought,
As it had done for years.
“It’s looking crook,” said Daniel Croke;
“Bedad, it’s cruke, me lad,
For never since the banks went broke
Has seasons been so bad.”
“It’s dry, all right,” said young O’Neil,
With which astute remark
He squatted down upon his heel
And chewed a piece of bark.
And so around the chorus ran
“It’s keepin’ dry, no doubt.”
“We’ll all be rooned,” said Hanrahan,
“Before the year is out.”
“The crops are done; ye’ll have your work
To save one bag of grain;
From here way out to Back-o’-Bourke
They’re singin’ out for rain.
“They’re singin’ out for rain,” he said,
“And all the tanks are dry.”
The congregation scratched its head,
And gazed around the sky.
“There won’t be grass, in any case,
Enough to feed an ass;
There’s not a blade on Casey’s place
As I came down to Mass.”
“If rain don’t come this month,” said Dan,
And cleared his throat to speak —
“We’ll all be rooned,” said Hanrahan,
“If rain don’t come this week.”
A heavy silence seemed to steal
On all at this remark;
And each man squatted on his heel,
And chewed a piece of bark.
“We want an inch of rain, we do,”
O’Neil observed at last;
But Croke “maintained” we wanted two
To put the danger past.
“If we don’t get three inches, man,
Or four to break this drought,
We’ll all be rooned,” said Hanrahan,
“Before the year is out.”
In God’s good time down came the rain;
And all the afternoon
On iron roof and window-pane
It drummed a homely tune.
And through the night it pattered still,
And lightsome, gladsome elves
On dripping spout and window-sill
Kept talking to themselves.
It pelted, pelted all day long,
A-singing at its work,
Till every heart took up the song
Way out to Back-o’-Bourke.
And every creek a banker ran,
And dams filled overtop;
“We’ll all be rooned,” said Hanrahan,
“If this rain doesn’t stop.”
And stop it did, in God’s good time;
And spring came in to fold
A mantle o’er the hills sublime
Of green and pink and gold.
And days went by on dancing feet,
With harvest-hopes immense,
And laughing eyes beheld the wheat
Nid-nodding o’er the fence.
And, oh, the smiles on every face,
As happy lad and lass
Through grass knee-deep on Casey’s place
Went riding down to Mass.
While round the church in clothes genteel
Discoursed the men of mark,
And each man squatted on his heel,
And chewed his piece of bark.
“There’ll be bush-fires for sure, me man,
There will, without a doubt;
We’ll all be rooned,” said Hanrahan,
“Before the year is out.”

[aufbahrung]

I invented the title and then scoured the web for something to back it up. Thought the title was cool but too lame to stand alone.

[Hermit]

I invented the title and then scoured the web for something to back it up. Thought the title was cool but too lame to stand alone.

Considering the source you chose, the title still stands alone.

[aufbahrung]

Was hoping some of you smart fellas here might give it a further boost with your extensive knowledge on world affairs. I think the evidence is there that the 'inevitable recovery' might not be so inevitable. The global economy fixed itself on cheap oil in the 20s last century. Whilst a green recovery is talked about what the economic bods are actually saying is a 'less is more' formula does have the wheels outside a slowing down perpetual motion machine.

[Brian Peacock]

The inevitable recovery was sorted out long ago. The poorer the people become the more money is printed to support the profits of the wealthy, making the people a little poorer still. Most people haven't noticed that we have UBI for the wealthy, where the B stands for Bonus or Bonanza.

[Sean Hayden]

Whose News? Class-Biased Economic Reporting in the United States

There is substantial evidence that voters’ choices are shaped by assessments of the state of the economy and that these assessments, in turn, are influenced by the news. But how does the economic news track the welfare of different income groups in an era of rising inequality? Whose economy does the news cover? Drawing on a large new dataset of US news content, we demonstrate that the tone of the economic news strongly and disproportionately tracks the fortunes of the richest households, with little sensitivity to income changes among the non-rich. Further, we present evidence that this pro-rich bias emerges not from pro-rich journalistic preferences but, rather, from the interaction of the media’s focus on economic aggregates with structural features of the relationship between economic growth and distribution. The findings yield a novel explanation of distributionally perverse electoral patterns and demonstrate how distributional biases in the economy condition economic accountability.

https://www.cambridge.org/core/journals ... 6C36FE9D0B

25 bucks to read a paper about how bias distorts low income perspectives...

[aufbahrung]

As NASA funded study said, and isn't happening...

https://nationalpost.com/news/the-utter ... study-says