sure, let the stupid system crash

Steven Welzer
1 min readJul 2, 2022

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Let the paper burn.

https://en.wikipedia.org/wiki/Financial_market

Notice how insanely complex “the system” is:

All the paper that sits above the real economy of real production and real consumption constitutes a zoo of ways that Wall Street can rip you off:

Short-term bonds
Intermediate-term bonds
Long-term bonds
Corporate bonds
Government bonds
High-yield bonds
Municipal bonds
Inflation-protected bonds
Tax-exempt bonds
Sovereign bonds
GNMAs
Exchange-traded funds
Common stock
Preferred stock
Registered Stock
Mutual Funds
Futures
Exchange-traded derivatives
Over-the-counter derivatives
Collateralized Debt Obligations
Mortgage-backed securities
Cryptocurrencies
Foreign exchange
Commodities
Precious metals
Forwards
Options
Swaps

Let it all rot in hell.

Let’s get back to reality:

https://www.charlenespretnak.com/the_resurgence_of_the_real_116772.htm

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Steven Welzer
Steven Welzer

Written by Steven Welzer

A Green Party activist, Steve was an original co-editor of DSA’s “Ecosocialist Review.” He now serves on the Editorial Board of the New Green Horizons webzine.

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