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WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
WTF is up with the economy
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WTF is up with the economy

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

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