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Looks like Zero Interest may be the New Time-Value of Money?
We also bumped into this on another thread?
Really is a different (math-wise, only) world when No-Net-Growth is the New Thing.
Folks can still be profitable, just by doing more with the same, or even less.
Yes, zero interest works for the to 1% as long as the Fed keeps printing new money for its buddies at the Banks whenever they need some for their latest wild ideas.
Zero growth also works since the New Ecomomy is all about transferring wealth from workers to Parasites on Wall Street. Actual economic growth is no longer essential to the Billionaire Class. Just look how well they've been doing under QE
Banks are supposed to make cookie cutter loans into government guaranteed college loans, real estate and oil so they can skim profits and raise the cost of living. They don't know how or where to allocate funds and they don't want to know. They just want the monthly payments with interest. They deserve to be rich because they smell good and have expensive suits. That fact that reality has appeared and their absolutely useless contribution to society has been exposed, again is just unsightly. The tax payer needs to make it go away.
Well, in Germany after WWI, they hung the bankers from lamp posts outside the banks. The founders of the Fed here all died of old age and very rich. We could start with those congresscritters who voted not to audit that fetid corpse of usury.
There are a lot of banks including big banks that have a lot of loans in the energy market. The Fed has quietly told banks not to 'mark to market' their exposure to bad loans in the energy market.
The Fed is always at the center of everything that hurts productive people. Yet they are fully insulated from justice. There is nothing the productive members of society can do to eliminate this parasite. Congress is also insulated from the people and will do whatever the 1% tells them to do. Who knows how to end the fed?
Of course it was. Even amateur economists knew that all of the oil demand was coming from China and its debt binge which was bound to end badly and prudent lending would account for the eventual death of debt binging and worse case scenarios.
China wasn't the only change in the oil market. Just as big or bigger was the outbreak of shale oil and fracking. Eventually that and a little known source, crystalline natural gas—methane hydrate, may well bring energy pouring from many other areas. This BBC article (link) and a Foreign Times article (link) are mainstream sources on the subject. I have a PDF of an Atlantic article that is far more comprehensive, which I will e-mail on Direct Message request. Not every development that upends an industry is readily forecast-able. I will say though that $100 oil was bound to bring some forth.
Quote:
Originally Posted by richrf
In any case, the first of the article is that it suggests a rather incestuous relationship between the Bankers in the Fed and the Bankers that they are suppose to be regulating. The Revolving Door between the Government and the Banks. Very cozy indeed and bound to make certain fellas tons of money. I suppose they might talk a bit while playing golf.
If there isn't a revolving door between government and banks from where is government to get any expertise. Very few smart people grow up with an ambition to work their lifetime for the government.
China wasn't the only change in the oil market. Just as big or bigger was the outbreak of shale oil and fracking. Eventually that and a little known source, crystalline natural gas—methane hydrate, may well bring energy pouring from many other areas. This BBC article (link) and a Foreign Times article (link) are mainstream sources on the subject. I have a PDF of an Atlantic article that is far more comprehensive, which I will e-mail on Direct Message request. Not every development that upends an industry is readily forecast-able. I will say though that $100 oil was bound to bring some forth.
If there isn't a revolving door between government and banks from where is government to get any expertise. Very few smart people grow up with an ambition to work their lifetime for the government.
Then the outcome is clear. Billionaire control of government commonly called an Oligarchy. I suggest we find another way.
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