The Global Economy is precariously on the BRINK..!!
CRISIS AHEAD
Seriously, does anyone actually believe the utter garbage that is still coming out of Central Banks?
Blah blah blah Rate Hike, blah blah blah 2% Target, blah blah blah Growth Strengthening, blah blah blah B*ll*x.!!
Sorry for sounding like a broken record but the Global Economy hasn't been this bad for OVER 100 YEARS..!!
An Economy built on DEBT, DERIVATIVES and STIMULUS is NO ECONOMY at all..!!
It absolutely amazes me that any adult actually still believes what they are being told.
The Global Economy is precariously on the BRINK with Financial Markets now so HIGHLY LEVERAGED on borrowed money that people DO NOT HAVE and we are suppose to believe everything is ok..??
The mind boggles..!!
Sorry for pointing out the obvious but how can Central Banks raise Interest Rates when they cannot afford to pay the DEBT they already have.
With Global Unfunded Future Liabilities now to the tune of over $750 Trillion and climbing at an unprecedented rate never seen before, it does not take a Rocket Scientist to tell you this is as serious as it gets.
This is no longer a joke anymore this is a Financial DISASTER that will reshape the Economy for GENERATIONS to come.
Central Bank Monetary Policy Makers ought to be ashamed of their reckless and thoughtless actions that will see poverty on a scale not seen this Century..!!
If you thought 2008 was bad, you will wish it was 2008..!!
Thanks for reading.
Stephen
I haven't had a bank account now for almost 15 years. I do everything in cash. Not many people do it anymore, but it is possible. My entire family thinks I'm crazy when I tell them about how their banks cannot be trusted and they can and will take/lose your money.
They think I'm some paranoid fool. Well, I guess none of them have heard of what happened on Tuesday, October 29, 1929.
When I tell people things are bad they say "not according to the news"..!! Most people just don't grasp the Future Unfunded Liabilities problem that makes the Current Global GDP look like a few hours of overtime. $750trillion vs $75trillion. How on earth can people think that this is ok. Stephen
Hmmm what happened on Octobet 29, 1929? Is that in the US??
Black Tuesday. Start of the Great Depression. Which will, after this, be remebered as “The Great Old Times”
Which will, after this, be remebered as “The Great Old Times”..!! People will wish it was 1929..!! Thanks for the comment. Stephen
You're welcome, Stephen. You are a great Steemit promoter, maybe this will going to be interesting for you, if you already don't know the story:
Great news for Steemit
I wouldn't be surprised if the same destiny smacks Twitter.
Thanks. Stephen
Yes it was in the US. People were lined up outside their banks to get their money out only to be greeted by a locked door and a "closed" sign. In most cases, the "closed" sign was for good and people lost every penny that they had in the bank.
I think Ive read this recently as an example of war on cash.
As the central banks scheme and inflate toward collapse, the market experiments with crypto-currencies and precious metals to build a replacement in the shell of their crumbling infrastructure. There could definitely be trouble, but the market can adapt and overcome faster than bureaucracies can manipulate.
bela postagem,parabéns.
Thank you. Stephen
Shared on Twitter✔ for my followers to see. Stephen
https://twitter.com/StephenPKendal/status/809129470426828800
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They will keep watering dead flowers until it seems to work. Just look at the Gartner's hype curve of this year: almost nothing is going on in short, everything is stuck, mostly because of lobbies/regulators (working against innovation, like against AirBnB, against Uber, and so and so). When all of that waiting innovation will go popular, the tsunami will be even worst: almost every area of economy will be disrupted. People which is doing lobby against innovation is turning a slow change into an apocalypse.
Also, the more derivatives they do, the more risk they have about panic: currently, there are derivatives for an amount which is ~50 times the planet's whole GDP. Which means, if just 2% of owners decides to go back to cash, there is not enough value to cover. If they produce even more derivatives, let's say 100 times the world GDP, the risk is that 1% of people wants to go back to cash. So a little fluctuation can cause a disaster.
Is just a matter of time.
Totally agree. Derivatives do nothing more than simply magnify what the problem is. This is a serious issue that has only one ending and it will not be pleasant. Stephen
But how can the economy be so bad? I mean so we have a 750 trillion dollar debt in the world, who do we owe it to? Why doesn't every country in the world just default on the debt and get it over with? I mean this money countries owe is owed to bankers, if every country decides they won't pay what can the bankers do? I might be being naive, probably an asshole, but frankly I don't believe this debt thing is real.
Oh it's real alright. The problem with a DEBT based FIAT Monetary System together with STIMULUS, DERIVATIVES and Fractional Banking is it is a Mathematical CERTAINTY that it WILL collapse under its sheer weight. Stephen
OK, but who do we owe the money to? I mean if there is a debtor there has to be a lender, so who in this world has 750 trillion dollars to lend?
No one. That's the problem. The World has committed itself to funding $750 Trillion of liabilities it doesn't have!! A bit like taking a bank loan out knowing full well you will never be able to pay it off, EVER..!! Stephen