A quick reminder that World Debt is 400% of World GDP.
If that pops the rich & powerful lose everything.
Please consider this *may* be a factor in how governments are currently behaving.
If that pops the rich & powerful lose everything.
Please consider this *may* be a factor in how governments are currently behaving.
To put this in historic perspective...
I can't.
This level of debt is simply unprecedented. It's vastly higher than anything ever. We are truly in uncharted territory.
And Davos man knew it years ago.
I can't.
This level of debt is simply unprecedented. It's vastly higher than anything ever. We are truly in uncharted territory.
And Davos man knew it years ago.
You might think pensions are safe if they are index linked. But linked to what index... CPI...
Actual inflation last year was 15% while CPI recorded 2%.
All debt and government obligations are getting washed away with vast amounts of money printing.
Actual inflation last year was 15% while CPI recorded 2%.
All debt and government obligations are getting washed away with vast amounts of money printing.
Normally hyperinflation would be a concern, or at least very high inflation.
But if you lockdown the economy you avoid that risk.
The money goes elsewhere. But where?
But if you lockdown the economy you avoid that risk.
The money goes elsewhere. But where?
Since the US election $852 Billion flowed into global equities.
Let's put that in some perspective.
In the previous 25 years the total flow was $752 Billion.
Rich people, who attend Davos for example, own a lot of equity.
Let's put that in some perspective.
In the previous 25 years the total flow was $752 Billion.
Rich people, who attend Davos for example, own a lot of equity.
How fortunate for them that lockdowns wipe out the masses, while thier wealth rockets, enabling them to then buy up all the assets from the masses.
All just a coincidence I'm sure.
All just a coincidence I'm sure.
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