Re: Financial topics
Posted: Tue Jul 27, 2021 9:17 pm
http://www.williamengdahl.com/englishNEO10June2021.php 5.1 billion reasons how gruesome screwed them.
Generational theory, international history and current events
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Cool Breeze wrote: ↑Tue Jul 27, 2021 7:25 pmThis is a very good post. Again, the only thing I disagree with is the sensationalism at the end. Deflation or "dark age". Nah. Higgy, stop defaulting to doomsday scenarios, it's not only too easy, it's lazy. Happens around here a lot.Higgenbotham wrote: ↑Tue Jul 27, 2021 11:14 am
It's hard to know where to start in response to this but the first thing that comes to mind is I was in a third world country a little less than 3 years ago. And I noticed the Uber drivers might do, say, 2 rides per day compared to an Uber driver in the US needing to do, say, 15 rides per day to meet expenses. The ratio looked to be about 7 to 1. The same food items cost 5 times in the US. The Uber driver would lollygag around in the lobby of the hotel and I witnessed an incident where someone delayed him beyond the appointed time to finish a meal and it was no problem. He just sat in the lobby calmly and waited for about 15 minutes. He didn't have a care in the world. Everybody is polite and unhurried. Meanwhile, though, the hotel is surrounded with iron gates and it's chaos out in the streets. The roads are poorly maintained. The ex-pats who work for the corporations say they are glad to get out of Europe so they can relax. But security for the corporations doesn't allow them to be outside secured areas for more than 4 hours due to risk of kidnapping.
Here in the US, The 97th Percentile has been running the rest of the population harder and harder on the hamster wheel for decades to stay in place, and I think the population is exhausted. As one example, the birth rate can't even be maintained, but in the third world country I described they are still well above replacement. Your comment above seems representative of what is going on everywhere in the US. To alleviate that, in my opinion, there can be either deflation or a collapse into a dark age (more inflation certainly won't do the trick). Those are the only two choices in my opinion, the only ways to slow the pace down. The 97th Percentile has stupidly chosen the latter, not because they are smart, but because they are stupid.
A dark age is just reverting back to normalcy. Easy for us to see but hard for the coddled.
They are hoping they can keep monetizing the debt forever.John wrote: ↑Wed Jul 28, 2021 9:54 amWhat we may be looking at is something that nobody is talking about.
When the Fed temporarily tapered bond purcheses a few years ago, there
was a "taper tantrum." The Fed is currently buying $120 billion in
treasuries and mortgage-backed securities each month, and will have to
tapen again. There may be a similar economic reaction when the
handouts end, and may quickly result in deflation and a sharp
recession. The only question is: When will this happen?
The economy should have crashed in 2009 when the real estate bubble
crashed, which is what I was expecting. That was held off by
something that I didn't expect, massive Fed bond purchases, creating a
drug-like dependency. And now we're in a new drug-like dependency,
with handouts. Drug addictions never end well, and neither will
these.