Money and corporations

What is the role of capitalism in the fall of the West?

To answer this question we need to look at money. How much money is there in the world? No doubt answers vary, but here is what internet detective Alf has come up with:

(1 million / miljoen = 1 x 10^6 = 1.000.000
1 billion / miljard = 1 x 10^9 =
1 trillion / biljoen = 1 x 10^12 =
1 quadrillion / biljard = 1 x 10^15 =

Walmart, the #1 corporation, has a yearly revenue of $480 billion. If you add up the top 25 corporations yearly revenues they make about $5 trillion a year.

The United States federal budget for 2015 is $4 trillion. Interestingly $0.6 trillion of that is money spent they don’t actually have, but I guess that as the feds control the money press, such deficit isn’t considered a big problem.

There is about $80 trillion in number money worldwide (so stuff like bank notes and saving accounts).

The amount of money in worldwide property I read estimated at 250 trillion dollars. Lower than I expected.

The worldwide debt is about 200 trillion dollars. How can the amount of debt be twice the amount of money needed pay off debts?? Here we see again how money is only part factual, other part magical. Technically speaking money is only a means to a goal, so if you control the means (like the FEDs do the printing press) you control the goal and you needn’t worry as much about debt. In fact, debt is a useful tool to create money out of nothing.

The value of the stock market amounts to 70 trillion dollars.

The value of derivatives, which if I understand correctly, is mostly gambling with the financial market, apparently amounts up to 1.2 quadrillion dollars! If I happen to have an intelligent reader who can explain why this market is so huge, please do.

So the total monetary value of at least the West comes down to a sloppy 1.8 quadrillion dollars, or 1.800. dollars, give or take a dollar or two.

So back to our original question: how evil are capitalists?

I don’t think capitalists are so evil. I disagree with the idea that capitalists are bandits and that all their production of wealth is an accidental side effect. Most white capitalists dislike slaying the goose that lays the golden eggs. If you turn a profit this year, you’d like to turn an equal or greater profit in next 20 years. Or so it goes for most white males, who enjoy building stuff.

I also don’t think capitalists are that powerful. Back in high school they taught me that international corporations are so powerful because they can operate international, meaning they escape the laws of Western nations. But as Moldbug says: independence? What independence? Independence granted by the international community? What does independence even mean if it has to be granted? What is Somaliland?

In reality there is no escaping the international community. Even a powerhouse like Royal Dutch Shell is supervised by the dozens of NGO’s, diplomats, state department agents and whatnot. The priests are in charge, the capitalists follow.

But it’s still good to assess the capitalists’ power level. Which seems to me best expressed in money. As we saw, the total budget US ($4 trillion) is narrowly defeated by the unison of the 25 biggest companies ($5 trillion). So the top 25 companies united are a good monetary opponent for the US — but even then the US military budget ($600 billion) alone tops company #1 Walmart ($480 billion).

… And beyond money there’s the priests-in-charge thing. Money is worth a lot, paper is worth nothing. Even property is worth nothing if you are not allowed to defend it.

Thus we see every company obediently saluting the Rainbow Flag.

lgbt fascisme

The merchant class is powerful, but not so powerful. Religion trumps money. Holiness is where the status of modernity is found, which explains why all the rich kids are digging wells in Ghana.

6 thoughts on “Money and corporations

  1. Rich kids digging wells in Ghana?

    Regarding the derivatives market, isn’t it obvious the whole thing is a scam? Read Nicholas Nassim Taleb for an explanation regarding the mathematical models being used in the derivatives market. He explains how once in a trillion year events happened three days in a row in 2008. It pretty much explains the derivatives market and in effect the financial industry

    1. > Rich kids digging wells in Ghana?

      It is encouraged, almost mandatory, for well-off Dutch adolescents to do voluntary work in some 3rd world country.

      > Regarding the derivatives market, isn’t it obvious the whole thing is a scam?

      Yes this is my impression as well but I am not knowledgeable enough to conclude that out loud. I’ll brush up on my Taleb.

  2. Regarding derivatives: your “gambling with the financial market” intuition is basically correct. A derivative is a contract (read: “bet”) between two parties over the price of some marketable good at a certain date in the future; this good could be a stock, a commodity, a currency, whatever. So if you bet in favor of, say, pork bellies going up in price, and then they do, you get payed just as if you had actually bought a bunch of pork bellies and sat on them (not literally, I hope) as their value increased.

    Except, you didn’t. You actually “owned” no (or very little) real, physical pork bellies. (Usually you are required by law to own a small amount, but this can be less than 1% of the value of the bet.) This also means you can make bets on huge quantities of pork bellies, while barely having any actual capital. $100 can become a bet on the price change of $5000 worth of bellies. This is why the global amounts are so enormous: it counts an incredible number of “imaginary” goods, real only in the sense that these contracts have been set up using them as a determination of value. But they don’t really exist.

    This is all fine, when price changes are very small, and so both parties can cover the shift in the value of 10 gazillion pretend pork bellies. Usually, they are. But say the price of pork bellies totally collapses one day to a quarter of its previous value. Now the person who made the “winning” bet has to cough of 75% of the total original value of this vast quantity of illusory bellies. Since he almost certainly doesn’t own that much property at all, he declares bankruptcy, then his creditors are screwed…and so forth. That’s why it’s been called a “scam.”

    1. thank you, clear comment.

      So assuming the actual skin-in-the-game investment in derivatives is about 1%, the actual value of the derivatives market is about 12 trillion dollars, with the remaining 1.192 quadrillion dollar being hot air.

      I did not expect the market for betting with money to be so much larger than the amount of money people actually have.

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