Debt, negative rates, a lost generation, housing crisis.
The above illustration picture was taken at 14.41.ish GMT.
I am only using the American situation as an illustration of the overall view regards how people are being frustrated, and why.
The global unrest due to the 0.01% sucking up all the wealth can be easily explained with the use of the American debt clock here = https://usdebtclock.org/
Whilst I had the company of my mother for her last annual summer holiday here in July. I was talking to her husband, and he was bemoaning the fact that pilots wanted to go on strike, and he stated they get paid enough not to strike.
I tried to explain how much it costs of their own money (most of them anyway if not military trained) to become a pilot, with the 100 hour rule, and the cost per hour. They are deep in debt!.
His view was from a personal level, he is 85 years young, and thinks the world is the same today re wages, as it was when he retired from engineering 20 years ago!.
How wrong could he possibly be?. This is where my use of that debt clock comes in with perfect precision you see.
Take a look either at the picture above or on the site itself and see one stat or two https://usdebtclock.org/ look at wages now and wages in the year 2000.
Median income in 2000 $30,884, and now? 20 years later? $30, 466.
Then look at how much it costs for the average house in 2000 compared to now $167.628 & $316.700.
How about a car? 2000 $22.538. now ? $37,434.
Do we see a problem yet?
I will leave you to make your own mind up.
The debt level is beyond comprehension!.
Look at the debt, who is this money owed to? If you get born after I write this article, by default at the time of writing, your debt liability is $383,437.
Look also at the bottom right corner, UNFUNDED LIABILITIES = $125,520, 846, 167, 512 that is in TRILLIONS!
This banking system via debt is not only insane, it is about to burst with debt. Who is that 125 trillion owed to, should be a question every American citizen is asking from their incompetent po-lie-ticians, and their not so federal, private bank named the federal reserve!.
One day they will revolt, one day some common sense will be the order of the day, till then let the debt mountain crush itself under it's own delusionary weight!.
I feel sorry for the people on the end of this bubble, as they have been used to being the world police, time my friends is a coming, and the debt is DUE!...
The National Debt plus the Interest will be Paid in Full...
I have the entire U.S. Monetary Reset figured out...
Gold and Silver will Pour into the U.S. Treasury...
October 31, 2019... 12.9 Hollywood Time...
To do that would be to print more money, said money being loaded with more debt. Self defeating to say the very least!.
FUCK the system :D
I agree. :-)
Not good for Americans though most western countries will be as bad or worse for income to housing and food cost.
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Apologies.
You said you are not here for the money and I still give you an upvote. The headphones were a gift so now you sound like an Indian giver. I even resteemed this post. And you are not the only one I upvote on steem. What's the problem?
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That's your interpretation fair enough. I won't bother to bore you anymore.
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Yes got it.
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Sorry bro, was having a very bad day with my own personal relationship, you did not deserve that mouthful.
Apology accepted mate, I do hope things are improving for the relationship.
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Cheers, not looking good though.
The bubble has been growing larger since the TARP bailouts of 08/09 when they should have let the banks fail and move to a hard money system. They can only go negative rates and continue to QE until it becomes so grossly unsustainable it collapses in spectacular fashion.
We don't know when this financialised market will finally break but I'm thinking now that babyboomers are retiring and the US will have a smaller population of workers/suckers to feed the debt it will be the shift that breaks this whole thing apart
Take at look, research the stats to world wide population, it has decreased, it is a worrying trend, but heY I do not own the narrative
I am oh so glad I bought this rental property back in the day, it may have not been where I had always wanted to be but shit happens. My intent was always to be able to leave a place paid for to my kids and that objective will be met next year. They've both know the hard knocks of giving out the vast majority of their money to pay rents and my consistent reminder to never mortgage a place for any reason, there shouldn't be any excuse you can't save up for whatever may be needed to be done while living rent/mortgage free. Now if shit does hit the fan we could all live here comfortably and survive it, what that it may finally end up being. If that it doesn't come into play for two, three more years I might even be able to get them settled into better school districts while using this one for income.
Sounds like a very long term and sensible approach, I hope it works out, the markets though are on red alert, when banks hit negative rate, which they have, by doing so they have defaulted, and are no longer fit for purpose, as Fiat always reverts back to it's base value = IE nil!.