HOW the illusion really works

[singular_me]

just brilliant

profit seeking starts with advertising... how capitalism/consumerism was sold vs communism. If people understood the problem of borrowing one's future, profit seeking can no longer work. Abby Martin sits down with Peter Joseph to talk about the contradictions and crises of capitalism and what he advocates to save the future of the planet from catastrophe.


https://www.youtube.com/watch?v=2HwFOo5rbZA

[singular_me]

cannot beat an illusion when the premise is itself flawed


Amazon Sets Off To Become America's Biggest Mortgage Lender
First it monopolized the online retail space; then it made a dramatic appearance in the bricks and mortar grocer sector with its acquisition of Whole Foods, and lately it has been preparing to take on both the pharmaceutical & healthcare sector, and even banking.

And it's only just starting, because as Housing Wire notes, Amazon is now looking to get into the mortgage lending business, and not just get into it but - in standard Bezos operating procedure - dominate it thoroughly while crushing, humiliating and bankrupting all competition. The company for which barriers to entry simply do not exist, was first reportedly planning on starting with offering checking programs first, then move into the debt product space after. And now, Housing Wire confirms that Amazon is currently looking to hire someone to lead their newly-formed mortgage lending division.

Here, a humorous aside from the report author, who refuses to provide the identity of the mortgage lender firm that Amazon has targeted:

Due to non-disclosure agreements, we probably shouldn’t reveal their identities. After all, with Amazon planning a move into mortgage lending, it’s best we work with them and not against them. Am I right?

... but gives the following hint:

We can say that if you look at the top 10 HMDA lenders and pick out the nonbanks, that’s where Amazon is recruiting their talent.

... and adds that "one person we spoke to turned down the job, but couldn’t say why."

We are confident, however, that the next person Jeff Bezos speaks about the role of starting up Amazon's mortgage lending division, will be delighted to accept.
https://www.zerohedge.com/news/2018-03-09/amazon-sets-become-americas-biggest-mortgage-lender

[ziero0]

The rule is you don't take any action based upon an illusion. If you do then the action is called delusion.

One illusion society promotes is that it is possible to own property. The action of working (exchanging labor) to buy something is a delusion.