In this report I cover the on going strikes by U.K. university professors or lecturers and an article in the FT in which the OECD warns of how sovereign debt could hit the finances of the so called "rich" countries.
This is why I am for Anarchism. 10 years ago I would've never guessed that I would be and Anarchist Atheist....life is full of surprises. Please check out my video on Anarchism and Anarcho-capitalism and give me your thoughts.
Yes in a fiat money system they are able to inflate away the debt as they can print more and more debt in order to pay off maturing debt. There comes a point though where people lose confidence in the paper money and that's when you get the hyperinflationary collapse. Hyperinflation is the surest way to destroy debt.
Your poor doggy in the video looks like he could use some cheering up after that intense financial discussion.
He is used to it! That's why he goes to sleep.
I wish I was a dog.
Problems, problems and more problems ...
Good job i like sir. @maneco64
Thanks
Upvote and resteem.
This is why I am for Anarchism. 10 years ago I would've never guessed that I would be and Anarchist Atheist....life is full of surprises. Please check out my video on Anarchism and Anarcho-capitalism and give me your thoughts.
Yes as Jeff Berwick aka Dollar Vigilante says the best form of government would be when there are 7 billion sovereign individuals on earth!
It’s rather depressing. How long can this kept up? The US under Trump is escalating global debt levels.
It really doesn't matter who is charge. The debt bubble just keeps inflating.
Are there more prudent countries that may use their financial standing for strategic purposes? Leverage against indebted nations?
I think Iceland is doing good. Remember that they sent some bankers to jail.
Yes. Iceland dealt properly with the bankers.
And best way to decrease government debt is high INFLATION :(
for goverments
Yes in a fiat money system they are able to inflate away the debt as they can print more and more debt in order to pay off maturing debt. There comes a point though where people lose confidence in the paper money and that's when you get the hyperinflationary collapse. Hyperinflation is the surest way to destroy debt.
it was a good video
Thanks @umut81!
This is like never ending story, sad. good speech as allways
Thanks for following and the feedback.
And meanwhile, on the other side of the planet, we had nothing to do with this, but have been unable to recover. My career died in 2008. Still dead.