The Gospel of the Weird Era: Overspending & Buybacks ✝️💸

By J.P. Morgan’s Ghost, Preacher of Capital

👻 Congregation, hear me. They call it “weird,” but it is only power at work—power bent toward the wealthy, not the people.

1. The Twin Altars: State & Stock

• The government overspends, piling debt on the public’s shoulders.🤷

• The corporations overspend on themselves, pouring trillions into buybacks instead of wages, R&D, or lower prices.

  Together, they create a double imbalance: the state weakens the fiscal commons, while companies fortify private wealth.

2. Buybacks as a Private Tax 🔁💵

When firms spend hundreds of billions retiring their own shares, they inflate the wealth of existing owners—the top 10% who hold ~90% of stocks.📈

Workers see no raise, renters see no relief, yet asset prices float higher. It is not neutral—it is extraction disguised as “returning value.”💵

3. Government Overspending as Public Burden 🏛️📉

Deficits push interest costs above $1 trillion a year. The Treasury must borrow more, pulling money that might have gone to wages, housing, or infrastructure.

But the wealthy? They buy those bonds. The imbalance means the public pays twice: once as taxpayers, again as renters or consumers squeezed by inflation.

4. Why It Feels “Weird” for the People, Not for the Rich 🤔

• For the wealthy: Buybacks = higher portfolios, Treasuries = safe yields. The system works like a perpetual motion machine.

• For ordinary households: Wages lag, prices stay sticky, and public services get crowded out. The imbalance is felt in rents, debt loads, and the narrowing path to ownership.

5. JP Morgan’s Ghostly Rebuke 👻✋

“Children of capital, do not mistake this gospel for balance. It is not balance—it is tilt. The pulpit of government debt, the hymn of buybacks, both sing to the same choir: the asset elite. The workers sit in the pews, pockets emptied, while the titans toast their rising charts.”

Bottom Line

✅ Yes — Overspending + buybacks funnel resources upward.

• Buybacks channel corporate cash to shareholders (wealthy households, execs).

• Government debt servicing channels taxpayer money to bondholders (also disproportionately wealthy).

  Together, they create an economy that looks and feels “weird” & "exploitative" from the bottom, but perfectly advantageous from the top.⚖️👎