Hopefully people will now realize economies based on people buying things they don’t need with money they haven’t got is not the most sensible way to organize human affairs. #Covid_19 #coronavirus #StayHome
I for one hope there isn’t a return to normal because what was happening in the economy prior to this wasn’t normal.#Covid_19 #coronavirus #StayHome
I meant normal by historical standards. Debt levels were unprecedented both governments, businesses and personal. Many businesses and people are now having to relearn that liquidity isn’t the same as access to credit
🤔👇
If US banks have been using the vast proportion of their profits to buy back their shares... Does this indicate that US post crash refinancing was essentially pocketed by banks to raise and or bolster their stock market value rather than the livelihoods of thee and me?
If US banks have been using the vast proportion of their profits to buy back their shares... Does this indicate that US post crash refinancing was essentially pocketed by banks to raise and or bolster their stock market value rather than the livelihoods of thee and me?
Yesterday someone raised an eyebrow when thinking of this possibility.. Now we know it actually happened from the horse's mouth.
In another vein Gold-sacks has just revealed their true colors again... Stop giving the plebs money to spend...
In another vein Gold-sacks has just revealed their true colors again... Stop giving the plebs money to spend...
We need our slaves back at work.
You can't make it up.
You can't make it up.
Capitalism should actually care and adopt "we are all in it together" because, you know, the rich need the non-rich to spend money. The more money everyone has, the rich will become richer. So a banker, or hedge-fund, or any old pencil pusher (with no real-value-generating job)
should care that the plebs have money because they want to take it off them and feel smart doing it. This comes built-in with capitalism. Even someone like trump knows this.
But recently the selfishness seems to be overrun by pure greed. This impulse that the kings of Rome must have felt towards the end.
The Church also did nothing to stop Constantine XI's greed.
Three men were debating which was the oldest profession of all, a surgeon, an architect, and an economist.
The surgeon claims the title as the creation of Eve from a rib of Adam was a clear case of surgery.
The surgeon claims the title as the creation of Eve from a rib of Adam was a clear case of surgery.
"No, no" said the architect claiming the title as the creation of the world out of the chaos in just seven days and seven nights was a clear case of architecture.
Up jumps the economist with a glint in his eye "Ah, but WHO created the chaos!"
Up jumps the economist with a glint in his eye "Ah, but WHO created the chaos!"
Of course, the economist was referring to the Eden II framework, followed by the Eden III framework.
we are in very uncertain times and the (lack of) leadership in the US and the lengths that leadership will go to, to win the election are massive risks for the whole world.
Frankly, the US risks becoming economically and travel wise "isolated" in the coming months and years, Covid remains out of control and there are looses madmen in the WH house.
I suspect that too few Americans know enough about world history to recognize the signs of a great power in decline, much less to see the fragility of their own nation's situation.
you just need to look at some of the outrageous actions being taken in some of the states where they are unlocking during a period when the pandemic is still increasing in their local area.
Never mind the regulatory changes. If all countries had closed their borders at the same time and done test, track and isolate, #Covid19 could have been over this year instead of maybe never.
There had been a horrible increase in leverage since the financial crisis. We know there are zombie companies all around the place and asset prices, particularly property, are at unsustainable levels. Trying to pretend that the regulators, who have sat on their hands watching
this happen, are remotely fit for purpose is a joke. #Covid is a convenient scapegoat but anyone with a brain could see the wheels were starting to fall off last year.
It will be bailout after bailout after bailout, until the economy cannot stand the weight of the mal-investment foisted on it by central bankers and regulators desperate to save their financier chums.#COVID19
When will we learn that it really isn't desirable to stop the
When will we learn that it really isn't desirable to stop the
rules of capitalism applying to the world of finance?
This is as good a time as any to get serious and start writing-off large amounts of debt. It will be the only solution in the end other than hyper-inflation.
This is as good a time as any to get serious and start writing-off large amounts of debt. It will be the only solution in the end other than hyper-inflation.
Not a penny of tax payers money should go to companies domiciled abroad for tax purposes or those that routinely fiddle the tax system through tax avoidance schemes.
America's Doofus in Chief is more than capable of inflicting damage on any kind of international cooperation he gets access to with his very next tweet.
And all the while we continuously hear his blow-hard bluster aimed at the glorification of his own sick & sad ego.
And all the while we continuously hear his blow-hard bluster aimed at the glorification of his own sick & sad ego.
Trump Inc. first & foremost of coarse is all this twisted sicko has to contribute.
As for economic recovery occurring under the guidance of this Grifting Nitwit think again!
With 100,000+ Deaths already (Official figures) & without a grain of empathy or self awareness being demonstrated by mr. fizzer prez. the death count keeps climbing relentlessly ever since
With 100,000+ Deaths already (Official figures) & without a grain of empathy or self awareness being demonstrated by mr. fizzer prez. the death count keeps climbing relentlessly ever since
those '6 weeks earlier in the year' when mr. fizzer prez blared repeatedly long & hard that this virus was a Hoax !
So I say an emphatic YES, this character operating out of the W.H. is Very capable of destroying whatever he comes in contact with & this includes economies.
