Turning point in economic cycle
Each market cycle and financial crisis is different than the previous one. Right? People most of the time learn from their mistakes, and they are likely not to repeat them in the near future. But it's a human nature to make mistakes, and every new generation keeps falling in the same rabbit hole. That's why history not necessarily repeats itself - but it often rhymes :)
Source: cdn.theatlantic.com
Today, there are political and social implications related to populism and less effective monetary policy. So the next downturn is going to be a different type of downturn. I think we will see pension problems, healthcare problems in terms of obligations that are not funded... I think it'll be more severe in terms of the social political problems and I think it'll be more difficult to handle. It'll be a slower growing, more constricting sort of debt crisis that I think will have bigger social and international implications.
Source: born2invest.com
The apologists of global capitalism like to emphasize that it still works. That there has never been a social order in history that would improve the standard of living of so many people. It is also a morally superior system that no longer has an alternative after the fall of the Soviet Union, the largest "exporter" of communism.
These are, of course, rather superficial arguments. Capitalism also leaves the "dead" behind. Twenty-six of the world's richest people owned as many assets as the poorest 3.8 billion last year. While the wealth of the richest last year averaged $ 2.5 billion a day, nearly half of people still live on less than $5.5 a day. This is unsustainable in the long run and immensely detrimental to humanity as it loses valuable potential.
What can we learn from historically recessions and financial bubbles?
- Every bubble is a large accumulation of debt
- We are currently at new all-time high of corporate debt.
- National debt is also at new all-time high.
Fun fact: The debt growth finances the bubbles that happened before!
Bubble stages:
- there's the normal debt growth that finances growth that pays for itself
- then you get into the bubble stage, when everybody's extrapolating what happened in the past -so asset prices are going up, and everybody's borrowing a lot of money to extrapolate what's happened (in that bubble stage, central banks don't pay much attention to because it doesn't affect inflation and growth)
Why are financial bubbles and problems inevitable? Because there's never the perfect balance between lending and borrowing
All we do know, is these distortions that exist in the market, are going to get monumentally worse. The evaluations of this market are ridiculous and they cannot be justified.
The money on Our planet is controlled by very Few. They manufacture the ups and downs. They also have bought all the major corporations, including the governments (yes, they are incorporated), and the media. With that power, They manipulate Us. They are psychopaths, after all.
I know to who you are pointing finger. Believe me. They (those few families) have under their pocket everything that's centralised. Like...central banks (meaning...all currencies), commercial media, wars, governments, ... They are the invisible world government. As you say, there is big manipulation going on. But we can do something about that. Most people think they are powerless. And that's the main fail. If you keep something that's keeping it's value, like gold, silver, platinum (we know prices of those metals are rigged, like everything else, but in long term, they still keep their value, not like currencies) and some bitcoin... And while QEs are going on, online trading is highly profitable.
Yes, You do see of whom I speak. Sadly... They presently "own" most of the metals of any worth here on Our planet (that They stole from Us). Even if We used metals as the energy accounting token, They would still have the power. And if We bartered, They would find a way to control water, and other things necessary for survival.
The solution is to cease accounting for Our energy completely, and the key to that is free energy - which I personally know Some have on this planet hidden in Their black projects - which We could bring to Humanity, through experiments and giving successes freely to Humanity.
We can build a vastly better foundation that We have now, accounting for Human energy added into a system:
Yes, metals (like everything else today) do not have realistic price. Silver, gold, platinum... prices for those metals are set on a meeting. Every day, few heads in London get together and set the low/high price for those metals. Supply and demand do not play any role here. What you are talking about is self sufficiency of every human being, which is pretty hard to accomplish. Specially today when people wave only with their credit card and buy all they need, take loans, they can not pay off and the best thing of them all...instead you would get few % annually to keep money on bank account, they take some (steal) from you :) As long as most people will not care, this will be the trend. Only minorities will know what to do in the right time. I have to look at that "black project" to get more details...
Not really. I'm talking about being free to live as richly as One chooses - with no money. With social currency as a motive to do things. And I don't mean social credit. Social currency is something We already do things for though it often takes a back seat to money. We do things for the reputation We receive, for the attention, the love, the appreciation, the respect, the bragging rights, and many other social currencies.
We can eliminate the accounting for Human energy added into a community/system. Perhaps You might want to investigate the rest of My videos explaining and describing what We can build as a foundation for a truly free and Ethical society to emerge from.
https://www.youtube.com/playlist?list=PLyPmuhBYhW1za9rIg2qqJj1JcUtxBUeho
We have technologies now that We have never had before in history, though the key technology is hidden and suppressed avidly by the psychopaths in control, as money would be moot, and Their only tool to power is money.
This is a nice image, but not really sustainable. Sure you can live without money. But you have to grow your own food, have quality water filters, electricity on sun/wind/water, big black tubes built into the house for winter to heat the place from sun or deep down from earth... and this is not a cheap thing to do. There was a lot of of talk about reputation currency. But it never stuck. I will check out the rest of videos, so I will get better image. But I think you mean something like voluntarily work. I do that once a week.
I don't think You are grasping the picture. It is a giving economy, with robots to do all the necessary work no One wants to do. Those who love to farm (and robots) will produce food, offering it for free on the web to Those who pay in appreciation and other social currencies. Water issues are solved by Those they affect, and robots will help to provide clean, healthy water - for positive social currency from Ones They help. Electricity will flow freely, from free energy devices that either offer widespread access (as the utilities do now), or personal devices if One prefers. "Cheapness" is moot. There is no money in use anywhere. Everything is free. And it's not about accounting externally for social currencies. They are accounted for in Our hearts and minds.
And it is "voluntary" in the sense that if You love to do something, You give the product of Your joy to Ones who love it, appreciate it, give You reputation and respect. Problem-solvers will be highly esteemed. And believe Me... If a problem affects One, that One will be motivated to solve for it.
@tipu curate 3
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