Not Even Central Banks Can Stop the Impending Credit Crunch.
7 years ago by maneco64 (74)
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It's a total disgrace the way debt has been promoted as a positive, lifestyle choice.
Excess debt should be seen for what it really is, usurous exploitation of those who are insufficiently educated or living in poverty and unable to manage their wealth according to their means.
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i agree with you and i`m all in crypto gold and silver and some cash
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good post @maneco64.
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Thanks @salma-akanda
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Main suffers of the Europe central bank politics its middle class.. zero interest rate on bank accounts, bubble on real estate market etc..
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http://www.businesstimes.com.sg/real-estate/german-property-prices-up-to-35-overvalued-bundesbank
In czech republic we also have housing bubble.. flat prices double in 2016-2018 ... Flat in Prague near to center 60-70 m2 ... 300.000 euros .. but salaries are not more than 1-2.000/ month so people are taking mortages with rate 2-3 percent p.a with 5 years fixation of the rate ...but what will happen when rates go up to 5-6 procent a real estate market decrease...not good ending
....
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Yes it the banker's bread and butter! Pump and dump and they buy it for pennies on the dollar with money created out of nothing.
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Yes you are right. The current ECB monetary policy keeps real estate artificially inflated and punishes savers.
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Rant all you want, I will be here listening. I don't have children, I just have the four legged kind. But I have some smart freinds with children, and I tell them that they are borrowing from their kids, and they are in denial and won't own up to reality. Again these are smart anylitical thinkers and yet...
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Yes most want something for nothing unfortunately.
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This is true, agree with your opinion.
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I watch nearly all your videos and this was one i like to share with my son.
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Hi @tomreidar thanks for the interest and sharing with others.
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I watched greg hunter from USA watchdogs last night, talking about our debt, and a global system they want to implement.
Just give poor money on a global scale while IA takes over...
Really scary.
Then I read this article about it already in its experimental phase in Stockton California...
Scary times.
https://www.vox.com/policy-and-politics/2017/10/18/16479796/stockton-california-basic-income-economic-security-experiment
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Great video.
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Thanks @antares-scorpius
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The Fed can theoretically buy the entire stock market and the entire bond market. I expect March to be the last rate increase. The plunge protection team has been doing their job pretty well so far and I imagine we will do official QE if we need to help out the bond stabilization fund. Plus we are already doing some quiet QE already.
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Cool information I like it
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