Isn't that the basis of usury economics? We've founded the biggest economic industry in the world based on pushing debt and derivatives onto future generations. We probably should talk about it.
I haven’t read any writings from the various economic schools that lays out a theory called “usury economics”. I suspect it’s not an economic theory but more an expression of a value system ie religious dogma or Marx’s flawed notion of capitalism. The guys in the video were referring to public debt as opposed to private when they said that their kids will bear the burden of paying that off. That’s a fallacy.
No theory. Observation Usury is what motivates our current economy. Public/private is just an illusion (fallacy), it's just another control to keep us all in check and obey. Our game of musical chairs, always pushing the money supply interest down the timeline creating this artificial sense of competition to survive.
https://branemrys.blogspot.com/2009/07/dante-on-usury.html I'll just stick to economics and leave the metering out of divine justice to Dante and others.
I have no idea who this guy is, but this 100,000 $ prediction has no basis. Countless people come up with "wishful thinking" figures, nothing more.
Don't knock it TreaureHunter, 100,000 Fiat is/has been a reality in many parts of the world already. Coming to your country one day as well, so get off your high horse and cut the hay while the sun is shining
I can guarantee and am confident $100,000 an ounce gold will 100% occur in the next 200 to 500 years depending on inflation No ordinary recession or global depression or pandemic or will make gold worth $100,000 in the next 20 years lol Even after an all out nuclear first strike and full blown retaliatory strike by more than three or more nuclear nations, causing long term nuclear winter will make gold worth $100,00 an ounce but could be worth maybe a 1kg bag of grain
I am sure that the same sort of sentiments were uttered by many in Weimar Republic in early 1919 when gold was 170 Marks, I am also sure that those same shmucks did not feel so smart by the end of 1923 when gold had reached 87,000,000,000,000 Marks
Advice to newbies here, do not listen to this fool, there is next to a 0% chance of hyperinflation in Oz, the US, UK etc.
The trouble with history, is that many assume that nothing is learned. I could guarantee that the brightest minds today have worked on the Weimar proposition, the Great Depression, all of the crashes etc and have contingency plans for any disaster. You can quote Zimbabwe as a modern example BUT that's not first world western economics.
