Discussion in 'Markets & Economies' started by TreasureHunter, Oct 27, 2019.
Yes, hard to call if we'll survive the same as we did before in the next GFC.
If it happens, it will be far deeper than '08. Unless they invent something similar to QE to bury the problem again...
Back in 2008 I've had discussions with dozens of people who put me down, ignoring the obvious economic problems. Even the "educated" masses are dumb about how the global economy works. They can't comprehend how fragile the system is and how deep we can go if the first domino falls.
Ignorance is not bliss, it's dumber than "Dumb and Dumber".
If average people back then didn't feel the depths of the crisis, at most they were affected by currency exchange rates, rising food and energy prices, loss of jobs...
So, they won't comprehend the depths now either. Although, it will be a lot worse.
The situation we're in now is a Noah's Ark situation. People are dumb and keep ignoring...
It can be ignorance, they might be less informed or just dumb arrogant.
But perhaps it's best not to try to save "some" people. You'd be better off if you don't take them on board.
Losing your job, and not being able to get another one is ultimately the only thing that is really going to affect the average person.
Their investment property might fall in value, and their share portfolio may plummet, and prices of things may go up, but unless their debts are called in or they are forced to sell, life goes on.
The government have a lot of options up their sleeve. Just like wartime England, a system of rationing is still a possibility should world credit markets grind to a halt. We are self sufficient with regards to most products, plenty of food, beer etc. That is the first problem solved.
Anarchy will only take place on empty stomachs.
They 100% will. The only question is - will it work to delay the credit crunch and for how long?
We are doing QE now and the economy is still dropping. Their tools of printing money and economic manipulation isnt working like it was. The Trump/Obama economic plan is dissolving before our eyes and shows the keynsian lefts shortfalls.
Its the reason liberalism is a mental disorder. It never works.
The Fed-IMF-... (fill in the blank) triangle will prolly come up with another trick pulled from the hat.
QE was just one ace from the sleeve. Besides easing, there must be something else... like: "forgetting" the debt? Cheating in the numbers? There certainly must be something they'll try.
Post-2008, the US has changed the way they're calculating GDP (GDP growth). Very "nice" trick. Sneaky.
Basically, they only have to change the rules and create the false impression that things are all right.
What I fear is that they'll somehow put the debt (fault) on the heads of ordinary people. Orwellian slavery? Pay off debt with people? Like when the assets to pay the debt of will actually be human workforce.
Modern gulag: you will work, work, work for some sort of crypto fiat, which feeds the dark forces who are running the global economy.
Basically all we have to guess is how the next slavery will actually occur - what type of slavery will emerge.
There was a movie called "In Time" (haven't seen it) - here's what Wikipedia says:
"a new economic system uses time as currency, and each person has a clock on their arm that counts down how long they have to live"
Lifetime, human life itself could be the next "human resource". DIS-GUS-TING (but at this time it's just a horror fantasy ... will it come true?)
What is odd (has anyone noticed?): more and more walls/fences are appearing in the world. But people only talk about one or two of them. Yet, there are more and more appearing:
1) Israel's walls vs. Palestinian lands
2) Hungary's famous double border fence with night vision cameras (against mass migration)
3) Bulgaria's border fence vs Turkey: it was in place long ago, but somehow no-one ever criticizes them
4) Macedonia's border fence vs Greece: yet another barricade against mass migration, but built in collaboration with Hungary
5) Tukey's solid wall vs Armenia: rather for political reasons than anything else
6) Ceuta wall (Spain's exclave in Morocco): African migrans keep climbind and crossing (you prolly saw in many videos)
7) the USA's fence/wall vs Mexico: more or less complete
8) the walls in Belfast (Northern Ireland)
We're livin' in a world of walls. The Berlin wall was nothing compared to what we have today. And more are being built (for sure).
It's like in the movie "Escape from New York". A contained gulag-type world. The world is getting fragmented, but this comes with the "walling in" mentality.
Everyone has or/can find a reason to build a wall to "protect" themselves from the neighbor.
Thank God the neighbor doesn't have to spend money on the wall at all!
If Trump builds "the wall", Mexico will be better protected from the US' warmongering and internal turmoil.
To me I don’t see it as something new but a continuation of human history. People, societies and countries have taken advantage of others to a more or lesser degree. When compassion is lost these things occur. They have been occurring for millennia. That is the world you were born in, are living in and will die in.
The only question is what will you do?
Have a read about Modern Monetary Theory (MMT) and Universal Basic Income (UBI). They are both being pushed by the same crowd and will work hand in glove when the crisis time comes and the people start begging for it. This combination will in the end deliver ultimate control to the elite even if it isn't using public-ledger green crypto (but it probably will be).
If you step out of line, you're cut off. Every transaction you make can feed into your Social Credit Score.
Must admit, I do worry about the population control that can exist with the UBI.
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