See my edition to my previous reply to you.
So I did watch one Bill Still video and liked it before my previous reply.
Martin Armstrong I never watched before, and after I checked I found that he was interviewed 2 days ago by Greg Hunter, which is as bad as being interviewed by CNBC.
I caught him lying here:
steemit is garbage, and unlike fecebook, does not play video at current time when given the link for it. it plays from the start.
He said the ECB will not be able to buy all the bonds.
The ECB can create as many Euros as it wishes out of nothing, so just like James "CIA asset" Richards, this self proclaimed insider (similar to Richards in this too) builds an entirely articulated set of deductions out of one false assumption, and just like Richards' predictions are wrong to follow, so are Armstrong's.
I caught him lying again here:
A woman in France told me the exact opposite (twice) to what he said:
They buy real estate properties in Europe (and entire streets) and they buy actual real estate instead of (or at least along with) stocks.
These people are dangerous and at best waste of time to listen to.
You should listen to the health channels and videos which I recommended before, and remember my reservations about some of them, because health should come first.
I am not able to intercept the rewards of one automated spam bot, and can not afford to upvote people generously, especially since no one helps
me with fight spam.
Incorrect. The EU will not be able to buy all the bonds forever. They are bankrupting the pensions by doing that. They would then need to bailout the pensions. After that they will have to bailout everything else they destroy with ZIRP. After a while, they will be the entire economy, which means economic devastation and flight of confidence.
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The pensions are not entirely vested in sovereign bonds, and even if they were, and even if it did bankrupt those pensions, they can compensate the savers just enough to prevent a catastrophe.
As you were partially aware yourself:
In Japan the vast majority of the economy is already nationalized.
A good example of a fascist state.
Are the Japanese people in need for gold/silver coins/bars?
Are they in need for stacked food or water reserves?
Did a catastrophe happen in Japan, aside from Fukushima which is unrelated?
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All of Japan’s debt is internally financed and it is a homogeneous culture. I covered that in another blog. Don’t equate it to the EU.
Also Japan is a mercantile export economy. Significant portions of the EU are consumer economies that import more than they export. Industry and engineering thrives in Japan inspite of the debt because of their culture and because the debt was not predominantly consumer debt. Southern Europeans get all lazy, take advantage, and destroy their economy when offered socialism and consumer debt. For example in Europe there are 32 hour work weeks and 1 month paid vacation. You will not find that in Japan. The Japanese make great sacrifices because their dedication to their homeland and culture is greater than their desire to minimize their opportunity costs. Asians are much more obedient. Europeans are much more willing to go for individual leverage at the cost of defecting from the group. They currently defect by “nobly” embracing socialism wherein they steal from each other by taking on more collectivized debt. They all accept this while the gravy is still flowing.
Eventually those who want to profit will have to leave the EU because there will be no profit otherwise. And that will spiral into a Minsky Moment.
I know many Europeans who are contemplating their early retirement (since they got rich on the rise of Bitcoin) and to escape from the European tax and regulation regime.
The other problem for Europe is the collapse in demographics. Japan too but they can take immigration from Asia for homogeneity and dedicated workers. Whereas, Europe is taking in rapefugees.
Yes they had a 600 year Dark Age where only rice was money. That is not in the cards right now because they can leverage the rise of the rest of Asia and their expert engineering.
C.f. also my comment on Tom Luongo’s recent blog.
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You got a 38.10% upvote from @luckyvotes courtesy of @stimialiti!
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You got a 20.83% upvote from @luckyvotes courtesy of @stimialiti!
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You got a 13.33% upvote from @sleeplesswhale courtesy of @stimialiti!
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@youtake pulls you up ! This vote was sent to you by @stimialiti!
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