Posted on 12/31/2017 7:32:14 AM PST by SeekAndFind
(save for later reading)
The difference this time is that every single central bank in the world is pushing in the same direction.
That has never, ever, happened before in the history of the world.
You mean we’ll stay down? For how long?
Seems like the only difference is the reset will be global?
Finance.101.
The financial markets and the US economy are more complex than just credits and interest rates. He is not even considering what happens when the economy grows more than currently and people having more disposable incomes.
What’s this person selling?
We seem to have experienced an “unprecedented” financial period during the last decade or so. Corporations have been forced into “saving” money overseas. Now that money is going to come back into the United States. If it goes into circulation all at once we will have run-away inflation, but if corporations continue to “save” it by buying back their stock, we may get to experience the mythical “soft landing”.
This stuff has been preached forever. Does this guy sell cassettes?
Borrowing: Trading current consumption for future labor.
Voluntarily entering into Indentured Servitude
Bingo. The article has very static 1970s mentality.... As if Volker is the solution to everything.
Credit is not the only way for business to grow. We have GO-FUND-ME type sites that are going to grow massively. We have venture capitalists, some of whom want equity. But Mr Wonderful is often happy with offering non-bank credit.
Cryptocurrencies are going through a maturity step right now. But they will soon be as influential in Central Bank decisions as JP Morgan Chase or Goldman-Sachs, which of course, are also in cryptocurrencies.
New financial vehicles are going to emerge that nobody has even yet imagined. As with cryptocurrencies, there will be risks involved. The trick is to realize the risk.
I don’t know about “forever” but I’ve the “financial system imminent collapse” story has been around since the mid-60’s.
It’s a long-term-any-time-now collapse.
Clearly opening the border to hordes of invaders in hopes they will jump on the credit bandwagon is a losing proposition. Without your signature on a loan Wall Street has no real assets.
Selling Books
https://www.peakprosperity.com/our-books
save
Didn't click on the "Enroll now to continue reading" button, but probably BUY GOLD!"
One could assume Bitcoin.
Actually, Bill Clinton proved the premise of the article to be false. He fabricated more fiat dollars then sold them to banks and forced them to loan it out.
Has a lot of these laying around his house...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.