The tragicomedy of human economic interdependence inthree acts - involving mullets, cocaine,quantitative easing, the case-...
America:it’s the Greatest country in the history of America
PLEASE STOP WRECKINGTHE ECONOMYIN CASE NOBODY HAS ASKED YOU TO REFRAIN FROM THIS PARTICULAR BEHAVIOR YET
Original sinYou f***ers shouldn’t have repealedGlass Steagall AND bought a McMansionand left derivatives unregulated!
BEWARE RAPE PTERODACTYLSthat is, media scare tactics about why the economy suddenly “collapses” -often blaming you, the in...
RAPE PTERODACTYLS recentlyseen in flightThis formula destroyedthe economy!!! wait, The greeks did it!The SPanish did it! U...
PRINCIPAL INQUIRIES:1. how did everythingget so F***ed?2. WHat, if anything dowe do next?
BORING HISTORICAL PART
MY historical thesis:american capitalism defeated communism so wellthat it moved on to defeating...capitalism.And maybe de...
the cold war was economic“Your own working class will bury you”
1970sClimbing GDP - sexual revolution -cuyahoga river on fire - LEISURE SUITS -UNIONS - BENEFITS - RETIREMENT
1980sAtari - wall street - aids - YUPPIESTHE DEAD KENNEDYS - LEVERAGED BUYOUTS
THIS IS THE SOCIETYTHAT DEFEATED THESOVIET EMPIRE
the arts flourished throughout the land.
racial tensions were finally resolved.
Cocaine provided the energyrequired to build a strongfinancial sector.
Space exploration continued apace
honest, competent government ruled the land
the tech sector of the 1980s was vibrant
THE IPAD OF ITS DAY, CROWN JEWEL OFAMERICAN INNOVATION:THE PLYMOUTH K CAR
AND SUDDENLY...IT WAS KIND OF OVER
THE 1990sWhen chicks started dressing like hobos,I REMOVED MY MULLET, THE ECONOMY FUNCTIONEDREASONABLY WELL, AND WE LAUNCH...
Dear generation y:No, seriously, the 1990s worked like thisEconomy kicksbuttGo tocollegeGraduateGet CrappyjobGet BETterjob...
It Looks lame now, but even thenwe Knew it would change the world
1999 - a year when spending $1000 on anoffice chair somehow made sense.
LONG BEFORE BITCOIN,WHOOPI GOLDBERG LAUNCHED HER OWNINTERNET-BASED CURRENCY. NO, REALLY.
FOR YEARS, CULTURAL TERRORISTS ATTEMPTEDTO CONNECT THE INTERNET TO “TELESMELL”
Them banks sureseem liketrustworthyfellers!CLINTON DOES TWO IMPORTANT THINGS WHENNOT TESTIFYING ABOUT HIS PENIS:1. Lift gl...
The 2000sthe years we just started making shit up
History QUIZ:This “scheme” is named after which Italian-AMerican?
LONG AGO, MEN actually WENT TO JAILFOR BANKRUPTING PEOPLE
Late 90s party atmosphere:officially over.
Background: AMERICA WENT FROM STEEL AND OIL TODEBT AND COMPLEXITY INSIDE OF 30 YEARS
With nothing good on the actual economic horizon,America just starts inventing marketsout of fairy farts and unicorn tears
SUPPORTED BY CHEAP MONEY AND FRAUD,HOUSING PRICES NEARLY DOUBLED IN A FOURYEAR PERIOD
WE BEGAN WATCHING SHOWSABOUT THE crapper.
American MEDIA:NOT A SOURCE OF CRITICAL INSIGHT
not content to just make a bubble in housing, wealso blow an insane bubble in big box retail
...BUT THE REAL HORROR SHOW IS IN THE BACK ROOM.Banks are creating trillions in derivatives.
Debt and complexity goes parabolic...and then
OH, fuckFALL, 2008
THE AFTERMATH - 2009 - ???DEVELOPMENTS that SOME people are probably ENJOYING,JUST NOT YOU
BANKING COMPENSATION HAS DECOUPLED FROM THERESULTS OF THE LARGER ECONOMY
WAGES ARE AT THEIR LOWEST LEVEL in a centuryAS A SHARE OF national wealth.
TAXES HAVE BEEN CUT DRAMATICALLY over the last 30years of boom and bust - ESPECIALLY FOR THE WEALTHY
the recovery already happened...FOR CORPORATE PROFITS
PERHAPS THERE ARE OCCULT REASONS FOR OURMALAISE...THE PRICE OF OIL, FOR EXAMPLE
NOTE THE CORRELATION OF HIGH PRICES OF FLEET FUELAND THE PERIODS WE CALL “RECESSIONS”
NOW LOOK AT THE IEA FORECASTS...WE DON’T KNOW FROMWHENCE HALF OF OUR FUTURE OIL IS COMING
MEANWHILE, POVERTY IS SPREADING
STUDENT LOANS HAVE OUTPACED CONSUMER CREDIT......AND THERE IS NO BANKRUPTCY FROM THEM.
AMERICAN YOUTH UNEMPLOYMENT IS HIGH, AND EUROPEANYOUTH UNEMPLOYMENT WOULDN’T FIT ON THIS CHART
Are the kids giving up hope,or just getting wise?
A MAJOR GENERATIONAL CLASH is ON THE WAY -MILLENNIALS ARE BEING EXCLUDED FROM THE ECONOMY.
WHAT WE DO ABOUT IT:Very cool stuff that people areworking on to make the futureeconomy more fun andmore functionalThere a...
Alternative currenciesA centralized group of kinda corrupt people runsthe money? Get new money.Complementarycurrencyaltern...
TIME BANKINGCentralized control of monetary systems leavingyou with too much time, not enough money?Use time banking as a ...
CROWD FUNDINGAre megabanks more interested in speculation thangetting people money for socially useful projects?Fund your ...
RESILIENCE MOVEMENTfatigued incompetent leadership at the top of variouspyramids, people are going local and resilient.for...
IF YOU DON’T LIKE THESE INSTITUTIONS,MAKE SOME NEW ONES.START SMALL.HAVE FUN.IT’S NOT JUST BETTER THAN COMPLAINING,IT’S TH...
@ericgarland#wtfeconomyFACEBOOK.COM/ericgarlandfuture
WTF is up with the economy
Upcoming SlideShare
Loading in …5
×

WTF is up with the economy

1,779 views
1,705 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,779
On SlideShare
0
From Embeds
0
Number of Embeds
15
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

WTF is up with the economy

  1. 1. The tragicomedy of human economic interdependence inthree acts - involving mullets, cocaine,quantitative easing, the case-shillerprice index, and, ultimately,farmers markets.ERIC GARLAND
  2. 2. America:it’s the Greatest country in the history of America
  3. 3. PLEASE STOP WRECKINGTHE ECONOMYIN CASE NOBODY HAS ASKED YOU TO REFRAIN FROM THIS PARTICULAR BEHAVIOR YET
  4. 4. Original sinYou f***ers shouldn’t have repealedGlass Steagall AND bought a McMansionand left derivatives unregulated!
  5. 5. BEWARE RAPE PTERODACTYLSthat is, media scare tactics about why the economy suddenly “collapses” -often blaming you, the individual consumer instead of policymakers.
  6. 6. RAPE PTERODACTYLS recentlyseen in flightThis formula destroyedthe economy!!! wait, The greeks did it!The SPanish did it! Umm... Cypriots did it!
  7. 7. PRINCIPAL INQUIRIES:1. how did everythingget so F***ed?2. WHat, if anything dowe do next?
  8. 8. BORING HISTORICAL PART
  9. 9. MY historical thesis:american capitalism defeated communism so wellthat it moved on to defeating...capitalism.And maybe democracy. and definitely common sense.
  10. 10. the cold war was economic“Your own working class will bury you”
  11. 11. 1970sClimbing GDP - sexual revolution -cuyahoga river on fire - LEISURE SUITS -UNIONS - BENEFITS - RETIREMENT
  12. 12. 1980sAtari - wall street - aids - YUPPIESTHE DEAD KENNEDYS - LEVERAGED BUYOUTS
  13. 13. THIS IS THE SOCIETYTHAT DEFEATED THESOVIET EMPIRE
  14. 14. the arts flourished throughout the land.
  15. 15. racial tensions were finally resolved.
  16. 16. Cocaine provided the energyrequired to build a strongfinancial sector.
  17. 17. Space exploration continued apace
  18. 18. honest, competent government ruled the land
  19. 19. the tech sector of the 1980s was vibrant
  20. 20. THE IPAD OF ITS DAY, CROWN JEWEL OFAMERICAN INNOVATION:THE PLYMOUTH K CAR
  21. 21. AND SUDDENLY...IT WAS KIND OF OVER
  22. 22. THE 1990sWhen chicks started dressing like hobos,I REMOVED MY MULLET, THE ECONOMY FUNCTIONEDREASONABLY WELL, AND WE LAUNCHED THE INTERNET
  23. 23. Dear generation y:No, seriously, the 1990s worked like thisEconomy kicksbuttGo tocollegeGraduateGet CrappyjobGet BETterjobwatch friends onnice couch
  24. 24. It Looks lame now, but even thenwe Knew it would change the world
  25. 25. 1999 - a year when spending $1000 on anoffice chair somehow made sense.
  26. 26. LONG BEFORE BITCOIN,WHOOPI GOLDBERG LAUNCHED HER OWNINTERNET-BASED CURRENCY. NO, REALLY.
  27. 27. FOR YEARS, CULTURAL TERRORISTS ATTEMPTEDTO CONNECT THE INTERNET TO “TELESMELL”
  28. 28. Them banks sureseem liketrustworthyfellers!CLINTON DOES TWO IMPORTANT THINGS WHENNOT TESTIFYING ABOUT HIS PENIS:1. Lift glass-steagall2. Allow derivatives to go unregulated
  29. 29. The 2000sthe years we just started making shit up
  30. 30. History QUIZ:This “scheme” is named after which Italian-AMerican?
  31. 31. LONG AGO, MEN actually WENT TO JAILFOR BANKRUPTING PEOPLE
  32. 32. Late 90s party atmosphere:officially over.
  33. 33. Background: AMERICA WENT FROM STEEL AND OIL TODEBT AND COMPLEXITY INSIDE OF 30 YEARS
  34. 34. With nothing good on the actual economic horizon,America just starts inventing marketsout of fairy farts and unicorn tears
  35. 35. SUPPORTED BY CHEAP MONEY AND FRAUD,HOUSING PRICES NEARLY DOUBLED IN A FOURYEAR PERIOD
  36. 36. WE BEGAN WATCHING SHOWSABOUT THE crapper.
  37. 37. American MEDIA:NOT A SOURCE OF CRITICAL INSIGHT
  38. 38. not content to just make a bubble in housing, wealso blow an insane bubble in big box retail
  39. 39. ...BUT THE REAL HORROR SHOW IS IN THE BACK ROOM.Banks are creating trillions in derivatives.
  40. 40. Debt and complexity goes parabolic...and then
  41. 41. OH, fuckFALL, 2008
  42. 42. THE AFTERMATH - 2009 - ???DEVELOPMENTS that SOME people are probably ENJOYING,JUST NOT YOU
  43. 43. BANKING COMPENSATION HAS DECOUPLED FROM THERESULTS OF THE LARGER ECONOMY
  44. 44. WAGES ARE AT THEIR LOWEST LEVEL in a centuryAS A SHARE OF national wealth.
  45. 45. TAXES HAVE BEEN CUT DRAMATICALLY over the last 30years of boom and bust - ESPECIALLY FOR THE WEALTHY
  46. 46. the recovery already happened...FOR CORPORATE PROFITS
  47. 47. PERHAPS THERE ARE OCCULT REASONS FOR OURMALAISE...THE PRICE OF OIL, FOR EXAMPLE
  48. 48. NOTE THE CORRELATION OF HIGH PRICES OF FLEET FUELAND THE PERIODS WE CALL “RECESSIONS”
  49. 49. NOW LOOK AT THE IEA FORECASTS...WE DON’T KNOW FROMWHENCE HALF OF OUR FUTURE OIL IS COMING
  50. 50. MEANWHILE, POVERTY IS SPREADING
  51. 51. STUDENT LOANS HAVE OUTPACED CONSUMER CREDIT......AND THERE IS NO BANKRUPTCY FROM THEM.
  52. 52. AMERICAN YOUTH UNEMPLOYMENT IS HIGH, AND EUROPEANYOUTH UNEMPLOYMENT WOULDN’T FIT ON THIS CHART
  53. 53. Are the kids giving up hope,or just getting wise?
  54. 54. A MAJOR GENERATIONAL CLASH is ON THE WAY -MILLENNIALS ARE BEING EXCLUDED FROM THE ECONOMY.
  55. 55. WHAT WE DO ABOUT IT:Very cool stuff that people areworking on to make the futureeconomy more fun andmore functionalThere are no mullets or cocainein this part(UNLESS YOU WANT)
  56. 56. Alternative currenciesA centralized group of kinda corrupt people runsthe money? Get new money.Complementarycurrencyalternativecurrencynew currencyscheme
  57. 57. TIME BANKINGCentralized control of monetary systems leavingyou with too much time, not enough money?Use time banking as a direct exchange between laborand goods/services.
  58. 58. CROWD FUNDINGAre megabanks more interested in speculation thangetting people money for socially useful projects?Fund your own damn projects!
  59. 59. RESILIENCE MOVEMENTfatigued incompetent leadership at the top of variouspyramids, people are going local and resilient.forget distant bureaucrats - rely on your neighbors.
  60. 60. IF YOU DON’T LIKE THESE INSTITUTIONS,MAKE SOME NEW ONES.START SMALL.HAVE FUN.IT’S NOT JUST BETTER THAN COMPLAINING,IT’S THE OPPOSITE OF COMPLAINING.
  61. 61. @ericgarland#wtfeconomyFACEBOOK.COM/ericgarlandfuture

×