Bubble of debt - Largest we have ever seen in the history of the world
The reason why this bubble is being so hyped up, is because - when this one pops, is going to be the bubble to end all bubbles. We are seeing this in particular stock market bubble elements of the dot com bubble and of course the bubble that we just suffered in 2008 - the credit bubble.
Nothing has changed. But this bubble eclipses them all by exponents!
We're living in a complete and total farce.
- The U3 with regard to the unemployment numbers : The real number the U6 (it is more than twice that)
- we're seeing the PMI fall off of a cliff
- M9 Manufacturing is falling off a cliff
- the ISF manufacturing is falling off a cliff
- the money velocity remaining at a historic low
If you do not believe me, do a research for yourself
We are in no recovery at all whatsoever. And banks understand that. This is why they can never stop printing money.
But people are not supposed to know that! So don't read out loud... :) Just joking. Share it.
The world central banks have inflated an epic bubble of debt. And the only thing they can possibly do is continue to fuel it. It can't stop. Once we stop and hit that maximum point of debt saturation, that's it.
What central banks are doing? They are buying each other's debt. They're keeping it off balance sheet. How do the Federal Reserve, ECB...(or any central bank for that matter) actually keep rates low? They have to print cash out of thin air and buy the debt.
Interest rate suppression like you cannot believe!
The middle class is getting robbed 24/7 because their interest earning accounts cannot earn a yield. And what is this doing? This is supporting the stock market!
The middle class is being forced to subsidize the stock market!
What we would have to do to at least possibly lessen the pain that is going to come and there's no way out of it. I mean look at the yield curve.... Same as it was in 2007 or late 1998. The yield curve is an amazing indicator or (at the moment) the non-existent curve - is an amazing indicator of what's coming down the pike.
Thousands upon tens of thousands of people have lost their lives to create the new system, just to take away the power of world central banks. All you need to do is to have a commodity backed currency.
They will not allow it.
They will assassinate people, they will wipe out tens of thousands of ordinary people if they have to. They will not give up that power.
Would the West be able to fight endless wars if we had only a commodity backed currencies? Of course not!
Why? It would restrain spending. That's not what they want. They want to keep spending and inflating
until we hit that wall. And when we do - a new system will be introduced. It will also be debt based, but it will not be in the interest of the middle class.
It would take a revolution on a worldwide scale to suck power from these world's central banks who are running the entire show! There are hundreds of central banks around the world. I think most people are aware of that. And it would literally take a worldwide revolution to stop it. To stop this criminal organization from doing what they're doing.
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Dear @worldfinances
Im not sure what all those indicators really mean, but it does sound very dark and gloomy.
Don't you think that FED and current US administration (or Chinese as well) would find a ways to stimilate economy for another several years? Little financial engeneering and they may even find a way to postpone bursting of that debt bubble.
What do you mean? From my understanding during crisis wealth is not disapearing - it's simply moving hands.
Well. All we need is another world scale project. Perhaps something related to 5G or climate change. That would allow to create new debt and print more money into the system.
I've lost you here. What is commodity backed currency?
Great read
Yours, Piotr
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by WorldFinances from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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$upvote YOUR-POST-LINKand you will receive upvote on your post.Dear @worldfinances
I just visited your profile and realized that you didn't show any activity on Steemit in several days already.
Hope you didn't give up on Steemit yet.
Yours
Piotr
No no. I just don't find time to do that. When I have it, I'm already pretty tired. Somehow these last few weeks didn't work out for me to write something here. But that does not mean I stopped. If I would give up, you would see powering down and after that shutting down my account :)
Dear @worldfinances
I just realized that I never actually thanked you for your reply. I really appreciate that you're so very responsive.
I fully understand. Glad to still have you around :)
I also wanted to make some suggestion.
My impression is, that the hardest part of attracting attention on STEEMIT is the fact, that our audience have very little chance to actually find our publications. Lack of solid notification system is an obvious issue. And regardless how hard I would try - there is very little chance I would find out about your new interesting publications (my feed is just flooded with to many posts).
Please allow me to share some suggestion with you. If you would ever publish content related to blockchain, crypto, artificial intelligence, psychology etc.
then perhaps you could simply send me memo with link to that post.This way not only I would have a chance to read your publication, but I will also
upvote it right away with 20k SP voting power. If I would consider it interesting then I may also share it with wider audience.Please let me know what do you think.
Cheers, Piotr
Sure, good idea. Same thing, you are doing for months. But you have big list of members. I did not do that kind of homework (yet). And it is true that, people just do not catch and read your work if you don't serve them to their plate. Steemit has "home" option, which is something like old kind of rss. And if you are not online in the same time the blog is published, or you can be on steemit but in that time period you have to click and check "home". If you don't, you are lost in the sea of Steemit blogs. So I agree. System needs big upgrade about published contents you want to read.
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The main account of multiple account spam & farm group.
Okay, I have banned @worldfinances.
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