Capitalists are conscious. They always try to get the outcomes they want…and they don’t mind cheating — when they can get away with it.
When the Great Financial Crisis hit in 2008, the RBNZ dropped the OCR by 6%. If something happened today, they only have 1.5% to work with.
A jittery response just now from the RBNZ. I’m surprised. I thought we were further from the cliff; on more solid ground.
Rates have been negative for nearly the last 10 years; federal debt more than doubled, while real growth rates fell.
The key to the whole financialisation scam is what it costs to buy a ticket to ride this train — the DebtBall Express — that pulled out of the station back in 1971.
The tax cut didn’t really cut the cost of government. It simply shifted it to debt…and onto the public and into the future. And now the future is coming into view.
Word on the street yesterday was that stocks were going up to record highs ‘on earnings.’ The casual listener was invited to believe that corporate America was earning more money; … Read More
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
GDP is falling, not rising…at a 6% annual rate. And if this keeps up, it will rival America’s Great Depression in severity.
GDP is increasing at 2.5% per year. Federal debt is increasing twice as fast. No way is that going to have a happy ending.
I’ve been extremely lucky to go on this mission. My aim: to gather as much information from some of the best minds in finance today.
One of the reasons shares and property have boomed is due to the new approach in monetary policy since the global financial crisis of 2008. The approach penalises savers in the bank but rewards the…
You ran up $22 trillion in debt by 2019. Who did you think was going to pay that? Not you. Donald Trump was already 72. And the average baby boomer was in his 60s, getting…
You’ve got a debt of $22 trillion that you can’t possibly pay. I see you’re spending 38% of GDP, but you’re only collecting about 17% of GDP in taxes.