Language warning, but if you were ever trying to figure out and understand currencies, central banking, inflation, foreign exchange, and quantitative easing, well tune in:
Related – “Why Hasn’t the Economy Collapsed Yet”
Language warning, but if you were ever trying to figure out and understand currencies, central banking, inflation, foreign exchange, and quantitative easing, well tune in:
Related – “Why Hasn’t the Economy Collapsed Yet”
Answers a few questions. I always wondered how the US could fund its economy Zimbabwe style and not suffer massive inflation. The other thing I wondered about was how the Canadian dollar could go down against the US dollar when we were borrowing a fraction per capita of the US. Add to that the fact that our borrowing was actually borrowing and not running the printing presses overtime. Our inflation is selective but it is massive as in house prices.
“Italy eyes €40bn bank rescue as first Brexit domino falls ”
http://www.telegraph.co.uk/business/2016/06/27/italy-eyes-40bn-bank-rescue-as-first-brexit-domino-falls/
It is simple to avoid macro inflation for a while. Suppress interest rates, and bleed the inflation out of the standard of living of the middle class. They are just now catching on.
Globalization has created a make believe world where normal financial math does not apply. Debt is pilled up, repackaged, renamed and resold over and over.
When paper currency replaces precious metals and governments assume control (Instead of true independent banks, not a make believe institution like the Fed Reserve or the IMF) this planet size pyramid scheme was bound to happen.
– Keep at least a few thousand dollars cash in small denomination and pray everyday that those pieces of paper still will have value tomorrow.
– If food, water, guns and ammo becomes currency…Ouch!