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1. The tragicomedy of human economic interdependence in
three acts - involving mullets, cocaine,
quantitative easing, the case-shiller
price index, and, ultimately,
farmers markets.
ERIC GARLAND

2. America:
it’s the Greatest country in the history of America

3. PLEASE STOP WRECKING
THE ECONOMY
IN CASE NOBODY HAS ASKED YOU TO REFRAIN FROM THIS PARTICULAR BEHAVIOR YET

4. Original sin
You f***ers shouldn’t have repealed
Glass Steagall AND bought a McMansion
and left derivatives unregulated!

5. BEWARE RAPE PTERODACTYLS
that is, media scare tactics about why the economy suddenly “collapses” -
often blaming you, the individual consumer instead of policymakers.

6. RAPE PTERODACTYLS recently
seen in flight
This formula destroyed
the economy!!! wait, The greeks did it!
The SPanish did it! Umm... Cypriots did it!

7. PRINCIPAL INQUIRIES:
1. how did everything
get so F***ed?
2. WHat, if anything do
we do next?

8. BORING HISTORICAL PART

9. MY historical thesis:
american capitalism defeated communism so well
that 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. 1970s
Climbing GDP - sexual revolution -
cuyahoga river on fire - LEISURE SUITS -
UNIONS - BENEFITS - RETIREMENT

12. 1980s
Atari - wall street - aids - YUPPIES
THE DEAD KENNEDYS - LEVERAGED BUYOUTS

13. THIS IS THE SOCIETY
THAT DEFEATED THE
SOVIET EMPIRE

14. the arts flourished throughout the land.

15. racial tensions were finally resolved.

16. Cocaine provided the energy
required to build a strong
financial 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 OF
AMERICAN INNOVATION:
THE PLYMOUTH K CAR

21. AND SUDDENLY...IT WAS KIND OF OVER

22. THE 1990s
When chicks started dressing like hobos,
I REMOVED MY MULLET, THE ECONOMY FUNCTIONED
REASONABLY WELL, AND WE LAUNCHED THE INTERNET

23. Dear generation y:
No, seriously, the 1990s worked like this
Economy kicks
butt
Go to
college
Graduate
Get Crappy
job
Get BETter
job
watch friends on
nice couch

24. It Looks lame now, but even then
we Knew it would change the world

25. 1999 - a year when spending $1000 on an
office chair somehow made sense.

26. LONG BEFORE BITCOIN,
WHOOPI GOLDBERG LAUNCHED HER OWN
INTERNET-BASED CURRENCY. NO, REALLY.

27. FOR YEARS, CULTURAL TERRORISTS ATTEMPTED
TO CONNECT THE INTERNET TO “TELESMELL”

28. Them banks sure
seem like
trustworthy
fellers!
CLINTON DOES TWO IMPORTANT THINGS WHEN
NOT TESTIFYING ABOUT HIS PENIS:
1. Lift glass-steagall
2. Allow derivatives to go unregulated

29. The 2000s
the 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 JAIL
FOR BANKRUPTING PEOPLE

32. Late 90s party atmosphere:
officially over.

33. Background: AMERICA WENT FROM STEEL AND OIL TO
DEBT AND COMPLEXITY INSIDE OF 30 YEARS

34. With nothing good on the actual economic horizon,
America just starts inventing markets
out of fairy farts and unicorn tears

35. SUPPORTED BY CHEAP MONEY AND FRAUD,
HOUSING PRICES NEARLY DOUBLED IN A FOUR
YEAR PERIOD

36. WE BEGAN WATCHING SHOWS
ABOUT THE crapper.

37. American MEDIA:
NOT A SOURCE OF CRITICAL INSIGHT

38. not content to just make a bubble in housing, we
also 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, fuck
FALL, 2008

42. THE AFTERMATH - 2009 - ???
DEVELOPMENTS that SOME people are probably ENJOYING,
JUST NOT YOU

43. BANKING COMPENSATION HAS DECOUPLED FROM THE
RESULTS OF THE LARGER ECONOMY

44. WAGES ARE AT THEIR LOWEST LEVEL in a century
AS A SHARE OF national wealth.

45. TAXES HAVE BEEN CUT DRAMATICALLY over the last 30
years of boom and bust - ESPECIALLY FOR THE WEALTHY

46. the recovery already happened...
FOR CORPORATE PROFITS

47. PERHAPS THERE ARE OCCULT REASONS FOR OUR
MALAISE...THE PRICE OF OIL, FOR EXAMPLE

48. NOTE THE CORRELATION OF HIGH PRICES OF FLEET FUEL
AND THE PERIODS WE CALL “RECESSIONS”

49. NOW LOOK AT THE IEA FORECASTS...WE DON’T KNOW FROM
WHENCE 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 EUROPEAN
YOUTH 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 are
working on to make the future
economy more fun and
more functional
There are no mullets or cocaine
in this part
(UNLESS YOU WANT)

56. Alternative currencies
A centralized group of kinda corrupt people runs
the money? Get new money.
Complementary
currency
alternative
currency
new currency
scheme

57. TIME BANKING
Centralized control of monetary systems leaving
you with too much time, not enough money?
Use time banking as a direct exchange between labor
and goods/services.

58. CROWD FUNDING
Are megabanks more interested in speculation than
getting people money for socially useful projects?
Fund your own damn projects!

59. RESILIENCE MOVEMENT
fatigued incompetent leadership at the top of various
pyramids, 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
#wtfeconomy
FACEBOOK.COM/
ericgarlandfuture