Usury

They couldn’t follow up, but others are counting on them in order to continue. And then. As brainless as it can become. The debt gets nationalized.

They also can become zombies before they ever were ghosts.

“”Don’t stop there. I suppose there are also, what, vampires and werewolves and zombies?”
“Of course there are. Although you mostly find zombies farther south, where the voudun priests are.”
“What about mummies? Do they only hang around Egypt?”
“Don’t be ridiculous. No one believes in mummies.””

Cassandra Clare

Think public companies, and companies that offer a public service. They have debt. When it are ghost companies they just serve (some of) the rich.

AI Created: Artificial Intelligence talking about Usury.

Me: Usury leads to ghost companies in zombie-modus.

ChatGPT (jan23):

Usury, or the practice of lending money at high interest rates, can lead to the creation of “ghost companies” that exist only on paper and are used to hide financial transactions or evade taxes. These companies are often in a state of financial distress and may only be kept afloat through additional borrowing, creating a cycle of debt and leading to a “zombie” state where they are barely functioning and dependent on continued borrowing to survive. This can have negative effects on the overall economy, as well as on the individuals and communities that are affected by these companies.

Buy the AI a drink (in holofuel)

Extra:

-Ghost Companies
-Financial Transactions
-Tax Evasion
-Financial Distress
-Additional Borrowing
-Debt Cycle
-Zombie State
-Nationalization
-Rely on Companies
-Economic Effects
-Credit Risk
-Default
-Excessive Borrowing
-Unsustainable Debt
-Financial Contagion
-Regulatory Risk

Wikipedia:

• https://en.m.wikipedia.org/wiki/Shell_corporation
• https://en.m.wikipedia.org/wiki/Zombie
• https://en.m.wikipedia.org/wiki/Ghost

Affiliate:

Books:

1. “Debt: The First 5,000 Years” by David Graeber (2011)
2. “The Big Short: Inside the Doomsday Machine” by Michael Lewis (2010)
3. “The Corporation: The Pathological Pursuit of Profit and Power” by Joel Bakan (2004)
4. “The Shock Doctrine: The Rise of Disaster Capitalism” by Naomi Klein (2007)
5. “Bad Blood: Secrets and Lies in a Silicon Valley Startup” by John Carreyrou (2018)

Documentaries:

1. “The Corporation” (2003)
2. “Enron: The Smartest Guys in the Room” (2005)
3. “Inside Job” (2010)
4. “The China Hustle” (2017)
5. “Dirty Money” (2018)

Movies:

1. “The Big Short” (2015)
2. “Margin Call” (2011)
3. “The Wolf of Wall Street” (2013)
4. “Wall Street” (1987)
5. “Too Big to Fail” (2011)

Series:

1. “The Wire” (2002-2008)
2. “Billions” (2016-2021)
3. “Succession” (2018- )
4. “Ozark” (2017-2022)
5. “Breaking Bad” (2008-2013)

Songs:

1. “Money” by Pink Floyd (1973)
2. “Greed” by Godsmack (2000)
3. “The Big Money” by Rush (1985)
4. “Moneytalks” by AC/DC (1990)
5. “Easy Money” by King Crimson (1973)

Artworks:

1. “The Physical Impossibility of Death in the Mind of Someone Living” by Damien Hirst (1991)
2. “The Shock of the New” by René Magritte (1957)
3. “The Persistence of Memory” by Salvador Dalí (1931)
4. “Guernica” by Pablo Picasso (1937)
5. “Mona Lisa” by Leonardo da Vinci (1503)

Podcasts:

1. “Planet Money” by NPR
2. “The Indicator from Planet Money” by NPR
3. “The Daily” by The New York Times
4. “Freakonomics Radio” by Stephen J. Dubner
5. “The Economist Radio” by The Economist

Purpose: to find more core

Would you agree…

#UC080 Would you agree that #usury brings us #ghost and #zombie companies?https://t.co/8vlAJJhbc9#UsuryC #UC079 #UC081 #Avarice #Greed #HumanNature #Human #Immoral #Interest #History #Money #Economy #Activism #Myth #Mammon #Erysichthon #Ethics #Philosophy #Ecology #Holochain

— Atotsm (@Atotsm2) August 19, 2022

#Usury #UsuryC #UC079 #UC080 #UC081