06-10-2020, 07:29 PM
@JackOfHearts Sorry for late reply. Given what Shannon Said I will just say possibly two things that should be obvious: (1) as you alluded to people really need to question what they hear regarding other countries because after for example going to China and being there for a while I can tell you most of the crap your hearing in west media is complete garbage and (2) Always follow where the money is and usually you will find the truth. That's all i will say without getting political on anything.
In other news I did come across another guy who has made some good financial type videos in the last few months. He sees the same thing coming though slightly differently. He thinks instead of Hyperinflation being the problem he thinks that it will be extreme deflation or to be precise a deflationary spiral. This is also bad as even though it means things would be cheaper it also means employers would make less money off products, etc and therefore have to lay off more people. Those people would then have less spending which means less money for companies again then they let off even more people and it keeps spiraling out like that. Its one of the things that happened at the beginning of the great depression. He does make a interesting case for it as well:
Either way, there is going to be hell to pay for the decisions the US has been making over the years and of course those decisions will affect other countries. Thing is I think other countries will recover a lot quicker sooner than the US will. I do think the EU will not recover as quickly either given its many issues and it too has had its central bank even going into Negative interest rates.
Just today I read how the US FED said it will keep interest rates essentially at 0% and it will keep on buying US bonds and mortgage backed securities. So, essentially they will keep on printing out money in order to buy US bonds and securities to try to keep the bubble from bursting. So pretty much it seems like we are headed towards this thing at full speed really. Just really hope I can get back to China before sh!t hits the fan.
In other news I did come across another guy who has made some good financial type videos in the last few months. He sees the same thing coming though slightly differently. He thinks instead of Hyperinflation being the problem he thinks that it will be extreme deflation or to be precise a deflationary spiral. This is also bad as even though it means things would be cheaper it also means employers would make less money off products, etc and therefore have to lay off more people. Those people would then have less spending which means less money for companies again then they let off even more people and it keeps spiraling out like that. Its one of the things that happened at the beginning of the great depression. He does make a interesting case for it as well:
Either way, there is going to be hell to pay for the decisions the US has been making over the years and of course those decisions will affect other countries. Thing is I think other countries will recover a lot quicker sooner than the US will. I do think the EU will not recover as quickly either given its many issues and it too has had its central bank even going into Negative interest rates.
Just today I read how the US FED said it will keep interest rates essentially at 0% and it will keep on buying US bonds and mortgage backed securities. So, essentially they will keep on printing out money in order to buy US bonds and securities to try to keep the bubble from bursting. So pretty much it seems like we are headed towards this thing at full speed really. Just really hope I can get back to China before sh!t hits the fan.
"I have no use of disciples. Let everyone be their own true follower" - Nietzsche
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