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Croatia recently decided to forgive the debt of its poorest citizens. The point of the debt-forgiveness program is to kick start the economy and get consumers spending again now that their…
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Croatia recently decided to forgive the debt of its poorest citizens. The point of the debt-forgiveness program is to kick start the economy and get consumers spending again now that their…
Ever heard of negative rates??
that opening shot of erin standing there with her legs spread open is so
fucking hot
great show erin
That’s it! Governments can no longer be trusted to safeguard the currency
of it’s people. They also can’t be trusted not to run up the national debt.
Their mismanagement will push them into the dustbin of history as people
continue to use peer to peer crypto currencies. The blockchain has been
invented and it can be forgotten now. It’s only a matter of time before
superior money pushes out the scam coins that the bankers create out of
nothing. The next 20 years is going to be interesting to witness. I’m a bit
bummed that I probably won’t live much longer than that but I’ll watch with
interest while I’m here.
U.S. bank becoming less profitable is because more home owners and
commercial real estate is going back underwater. And no amount of
mainstream media B.S. is going to stop the reset.
For half the show I thought she was going to interview Francis Ford
Coppola… I was actually really curious what the maker of the Godfather
was going to say about negative interest rates lol!
I’d like to see a ” Girls of R.T.” calendar.
16:30 – *”They’ve got a problem… Capital is coming in… Pushing up their
currency. They don’t like it. They’re trying to defend against that”*
It seems like an economic paradox that countries do not like their
currencies to appreciate. It’s like unwelcoming a 20% appreciation of
everything one owns. Who doesn’t like his home to go up in value? Or his
savings to suddenly grow extra digits? The downside, of course, is that
capital appreciation is accompanied by a spike in labor costs as well,
which can dislocate industries and put people out of work.
The orthodox remedy however is probably more dangerous than the apparent
problem. Lower rates cheapen and expand the domestic money supply, leading
to inflation, or worse, asset bubbles and economic distortions.
Instead, countries should welcome higher currencies and use it as an
opportunity to go on a foreign shopping spree. You want our currency? Then
print it up and give foreigners what they desire in exchange for something
more valuable than paper: foreign industries and assets. And keep on buying
until foreigners grow tired of giving away the house jewels. But by then,
hopefully, you’ll own the master bedroom and the pink slip to their cars.
22:40 – *”Debt and (not much) deleveraging”*
Notwithstanding the recent vaunted GDP numbers over the past few quarters,
an over leveraged economy that refuses to develerage is probably why we’ve
been stuck at just over 2% growth the past 5 years despite everything that
should produce gangbuster numbers: infinite money, elevated stock prices,
and corporate profits at record levels. But we’re still crawling at
2-point-something percent? What our economy really needs is a catharsis by
way of mass bankruptcies, debt write-offs, and a financial industry with
its tentacles chopped off. And a few bankers and government bureaucrats
sent to prison would also be helpful
Edward is such a Gentleman !