(Crazy) economy news - Page 8

3catcircus · 02-26-21, 09:41 AM

Quote:

Originally Posted by Skybird

https://www.zerohedge.com/economics/...lation-horizon

Weimarer Republic. 90s Russia.

This shouldn't be a surprise. The entire global economy is a facade. *Nothing* associated with the real value of things is true because monetary policy hasn't been tied to a fixed standard associated with valuable objects for decades. I don't care if you set it to gold, silver, or matchbox toy cars. The moment a country says "our money is backed by our country's reputation alone" is the moment your country's economy is controlled by someone else.

Skybird · 02-26-21, 10:12 AM

A nations reputation alone can back a currency only if it is a worthless paper money, fiat money, contorlled and colelcted of inflated by the state at will. Thats why they implemented it. Material goods that can be bartered, will always find somebody who wills to barter something else for them. National reputation has nothing not do with that.

Thats why they do not want you to barter, may it be in gold, ressources or whatever. They want you to use their counterfeit currency, since only that is what they can control for some time. And if they take the apper oput of the cpaper moeny and make it all digital, they cna poludner and rob you per button pushing whenever they "legitimise themselves" to do so. The problem is the only way you can ever legtimise yourself for anything is - by using brute force against thy next. Which makes it then no legitimation at all, but only an act of violence.

Destroy a FIAT currency, and people will go back to bartering things. Install a new counterfeit paper "money" regime - they will, that is for certain - and see them punishing you with draconic penalties if you still barter (violations via blackmarkets usually get penalized very, very heftily.

Skybird · 03-05-21, 07:53 AM

Slowly the curtain raises for the final chapter.

https://www.zerohedge.com/economics/...ned-about-here

Rockstar · 03-15-21, 01:55 PM

mapuc · 03-15-21, 02:33 PM

^ Your video made me remember what I read in my search to understand
the great reset.

Quote:

Other experts simply believe the dollar has been overvalued for quite some time, and a decrease is natural. It is not necessarily a sign of impending doom

https://hackernoon.com/will-we-witne...n-2021-2gq3eba

Markus

Skybird · 03-15-21, 04:59 PM

The more currency tokens are circulating, the higher asset prices become.

If somebody thinks that means an economy boom or the creation of wealth, then I cannot help him.

Voltaire: every paper "money" sooner or later inevitably returns to its original intrinsic value: zero.

Rockstar · 03-19-21, 07:45 PM

Skybird · 03-25-21, 07:46 AM

https://www.welt.de/wirtschaft/article229112429/EU-Wiederaufbaufonds-Das-ist-der-Einstieg-in-eine-Schulden-Union.html

Now Germany is getting the debt union that it never wanted

The Bundestag is likely to wave through the EU reconstruction fund today. For the German taxpayer billions are in the fire. Even if solidarity is a must in crises: Anyone who wants to stabilize transfers and liability will end up damaging the European idea.

Today a decision is pending in the Bundestag that could become expensive for Germany's taxpayers in the coming years and decades. Because the legislature presumably approves the ratification law for the so-called EU capital adequacy decision. The harmless-sounding term actually arouses associations with equity.
But far from it: Behind this is a debt instrument that, as a reconstruction fund, is intended to provide financial relief for the EU states, which have been additionally weakened by Corona, and thus revitalize them. It comprises a sum of 750 billion euros, of which 390 billion are non-repayable “grants” and 360 billion are loans .

But it is not just any rescue package like the one that has been given with each new flare-up of the smoldering euro crisis over the past ten years or more. This package fundamentally changes the financial architecture of the international community.

Because in order to finance the donations, the EU wants to take out loans on the capital markets that are not repaid by the recipients but through the EU budget. The subsidy and repayment of the respective member states are separated from each other: Germany, for example, is the largest net contributor with an estimated 65 billion euros.

It is the first time ever that such a significant amount of funding has been raised through EU bonds and distributed to the Member States. And Germany, as the largest economy in the EU, is at the center of this plan: the whole structure depends on its creditworthiness, its economic strength.

And it is de facto the entry into a debt and transfer community. The member states are jointly liable for the fund's debts through their future contributions to the budget of the European Union . If one of them fails, the other states have to step in according to their share of the EU budget. For Germany, this share of the liability risk is 24 percent. There they are, so to speak, the Eurobonds that Germany never wanted.

The principles of personal responsibility and sole liability, as provided for in the Maastricht Treaties with the so-called “no-bail-out” rule, are history with the reconstruction fund.

And the new rules provide for one more refinement: the sometimes worryingly high debt levels of some of the member states should not be burdened by the new fund. You don't have to be a prophet to predict a more lax approach to conventional budget rules.
One of the main arguments for common European debts has always been to contain extremist and nationalist tendencies. That worked for this time: In Italy, approval ratings for the EU rose after the package was announced. But this mechanism harbors the potential for blackmail.

The money from this fund will also be spent at some point. Is it seriously to be expected that the Member States, which were already weakening economically before the Corona crisis, will succeed in turning towards a sustainable economy by then, which at least will not allow the debt level to rise any further? There are already voices - even from Germany itself - for whom there is no alternative to stabilizing liability through a fiscal union.

A community of states cannot do without solidarity, especially in crises like the current one. But anyone who, contrary to the original spirit of the idea of a united Europe, wants to permanently establish liability and transfers in the Union will end up damaging the European idea instead of promoting it.
Peaceful coexistence on the continent will only be possible if the citizens of all states can be sure that each country basically takes economic responsibility for its own fate - with frugality, diligence and, where necessary, with renunciation. Also and above all the German taxpayers.

Catfish · 04-05-21, 01:58 PM

Do it like England.. with offshore trusts

Skybird · 04-05-21, 04:37 PM

And this ^ the EU has chosen as its most loved economic rival to challenge on its own ground and in its own game...?

If only it has not bitten off more than it can chew once again...

Catfish · 04-06-21, 03:24 AM

^ "probably" a bit too much to chew on

First part is more about history, but then it gets interesting indeed

Jimbuna · 04-06-21, 06:32 AM

Quote:

Originally Posted by Skybird

And this ^ the EU has chosen as its most loved economic rival to challenge on its own ground and in its own game...?

If only it has not bitten off more than it can chew once again...

Not all that risky when you know the price of failure will be paid by someone else

Skybird · 04-14-21, 08:52 AM

Quote:

Let's first understand this simple chart. M1 is money stock. Jan 2020 there was $4 Trillion, now there is $18 Trillion. $14 Trillion was created since Jan 2020 - that's a 78% increase (14 created / 18 total).

https://www.zerohedge.com/news/2021-...lar-debasement

Quote:

Sorry guys, Crypto is a closed system that's built on fiat. (...) Don't fall victim to the hype machine, that Bitcoin is somehow an alternative to the fiat system, when it is denominated in USD! Oh, the irony.. not to mention Bitcoin uses an NSA patented encryption algorithm, SHA-256. And the NSA is coincidentally tracking Bitcoin users.

Welcome hyperinflation, guys. Its not a thing of the future to come. Its here. It just gets cleverly diguised. And to some part, thankfully so. At least for the time being.

Skybird · 04-16-21, 07:35 AM

For crypto fans, there is a lesson to learn in this:

https://www.bloomberg.com/news/artic...-are-too-great

Not only do you still sell and buy cryptocurrencies in FIAT currencies, but the state does control it, does track it, and can prohibit and prevent it any time. Even anonymously bought gold places itself more advantageously.

They manipualte FIAt moeny values. They amnipuklate gold prices. The ymanipzkate stockmarkets. How comes so many peope, think they do not track and manuolukate Bitcoins as well? It is anything but invulnerable! The illusion of security from it might be fallacious.

To me, the Bitcoin/Blockchain always rather has been more interesting as a technology. It is as much a real "money" as is FIAT money: not at all, since it has zero intrinsic value. Beyond that, its just a gamble.

Skybird · 06-09-21, 04:39 PM

Whenever I read about this matter, I feel an icy hatred of this unscrupulous criminal system. I would wish the leaders and decision makers in this institutionalised exceution of utmost perfidy would just drop dead in place. Being told the most blatant of lies and propaganda BS right to my face, is offence most unforgivable. Becasue they tell me they not onloy intend to plunder me at their will, but that they consider to be me braindead, reatarded and a complete idiot who cannot differ left from right and up from down.

Criminal scum. Organised crime.

https://translate.google.com/transla...hnitten_werden

02-26-21, 10:12 AM	#107
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	A nations reputation alone can back a currency only if it is a worthless paper money, fiat money, contorlled and colelcted of inflated by the state at will. Thats why they implemented it. Material goods that can be bartered, will always find somebody who wills to barter something else for them. National reputation has nothing not do with that. Thats why they do not want you to barter, may it be in gold, ressources or whatever. They want you to use their counterfeit currency, since only that is what they can control for some time. And if they take the apper oput of the cpaper moeny and make it all digital, they cna poludner and rob you per button pushing whenever they "legitimise themselves" to do so. The problem is the only way you can ever legtimise yourself for anything is - by using brute force against thy next. Which makes it then no legitimation at all, but only an act of violence. Destroy a FIAT currency, and people will go back to bartering things. Install a new counterfeit paper "money" regime - they will, that is for certain - and see them punishing you with draconic penalties if you still barter (violations via blackmarkets usually get penalized very, very heftily. __________________ If you feel nuts, consult an expert.

03-05-21, 07:53 AM	#108
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	Slowly the curtain raises for the final chapter. https://www.zerohedge.com/economics/...ned-about-here __________________ If you feel nuts, consult an expert.

03-15-21, 04:59 PM	#111
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	The more currency tokens are circulating, the higher asset prices become. If somebody thinks that means an economy boom or the creation of wealth, then I cannot help him. Voltaire: every paper "money" sooner or later inevitably returns to its original intrinsic value: zero. __________________ If you feel nuts, consult an expert.

03-25-21, 07:46 AM	#113
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	https://www.welt.de/wirtschaft/article229112429/EU-Wiederaufbaufonds-Das-ist-der-Einstieg-in-eine-Schulden-Union.html Now Germany is getting the debt union that it never wanted The Bundestag is likely to wave through the EU reconstruction fund today. For the German taxpayer billions are in the fire. Even if solidarity is a must in crises: Anyone who wants to stabilize transfers and liability will end up damaging the European idea. Today a decision is pending in the Bundestag that could become expensive for Germany's taxpayers in the coming years and decades. Because the legislature presumably approves the ratification law for the so-called EU capital adequacy decision. The harmless-sounding term actually arouses associations with equity. But far from it: Behind this is a debt instrument that, as a reconstruction fund, is intended to provide financial relief for the EU states, which have been additionally weakened by Corona, and thus revitalize them. It comprises a sum of 750 billion euros, of which 390 billion are non-repayable “grants” and 360 billion are loans . But it is not just any rescue package like the one that has been given with each new flare-up of the smoldering euro crisis over the past ten years or more. This package fundamentally changes the financial architecture of the international community. Because in order to finance the donations, the EU wants to take out loans on the capital markets that are not repaid by the recipients but through the EU budget. The subsidy and repayment of the respective member states are separated from each other: Germany, for example, is the largest net contributor with an estimated 65 billion euros. It is the first time ever that such a significant amount of funding has been raised through EU bonds and distributed to the Member States. And Germany, as the largest economy in the EU, is at the center of this plan: the whole structure depends on its creditworthiness, its economic strength. And it is de facto the entry into a debt and transfer community. The member states are jointly liable for the fund's debts through their future contributions to the budget of the European Union . If one of them fails, the other states have to step in according to their share of the EU budget. For Germany, this share of the liability risk is 24 percent. There they are, so to speak, the Eurobonds that Germany never wanted. The principles of personal responsibility and sole liability, as provided for in the Maastricht Treaties with the so-called “no-bail-out” rule, are history with the reconstruction fund. And the new rules provide for one more refinement: the sometimes worryingly high debt levels of some of the member states should not be burdened by the new fund. You don't have to be a prophet to predict a more lax approach to conventional budget rules. One of the main arguments for common European debts has always been to contain extremist and nationalist tendencies. That worked for this time: In Italy, approval ratings for the EU rose after the package was announced. But this mechanism harbors the potential for blackmail. The money from this fund will also be spent at some point. Is it seriously to be expected that the Member States, which were already weakening economically before the Corona crisis, will succeed in turning towards a sustainable economy by then, which at least will not allow the debt level to rise any further? There are already voices - even from Germany itself - for whom there is no alternative to stabilizing liability through a fiscal union. A community of states cannot do without solidarity, especially in crises like the current one. But anyone who, contrary to the original spirit of the idea of a united Europe, wants to permanently establish liability and transfers in the Union will end up damaging the European idea instead of promoting it. Peaceful coexistence on the continent will only be possible if the citizens of all states can be sure that each country basically takes economic responsibility for its own fate - with frugality, diligence and, where necessary, with renunciation. Also and above all the German taxpayers. __________________ If you feel nuts, consult an expert.

04-05-21, 01:58 PM	#114
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,819 Downloads: 38 Uploads: 0	Do it like England.. with offshore trusts __________________ >^..^<*)))>{ All generalizations are wrong.

03-15-21, 01:55 PM	#109
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0

03-19-21, 07:45 PM	#112
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0

04-05-21, 04:37 PM	#115
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	And this ^ the EU has chosen as its most loved economic rival to challenge on its own ground and in its own game...? If only it has not bitten off more than it can chew once again... __________________ If you feel nuts, consult an expert.

04-06-21, 03:24 AM	#116
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,819 Downloads: 38 Uploads: 0	^ "probably" a bit too much to chew on First part is more about history, but then it gets interesting indeed __________________ >^..^<*)))>{ All generalizations are wrong.

04-16-21, 07:35 AM	#119
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	For crypto fans, there is a lesson to learn in this: https://www.bloomberg.com/news/artic...-are-too-great Not only do you still sell and buy cryptocurrencies in FIAT currencies, but the state does control it, does track it, and can prohibit and prevent it any time. Even anonymously bought gold places itself more advantageously. They manipualte FIAt moeny values. They amnipuklate gold prices. The ymanipzkate stockmarkets. How comes so many peope, think they do not track and manuolukate Bitcoins as well? It is anything but invulnerable! The illusion of security from it might be fallacious. To me, the Bitcoin/Blockchain always rather has been more interesting as a technology. It is as much a real "money" as is FIAT money: not at all, since it has zero intrinsic value. Beyond that, its just a gamble. __________________ If you feel nuts, consult an expert.

06-09-21, 04:39 PM	#120
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,767 Downloads: 10 Uploads: 0	Whenever I read about this matter, I feel an icy hatred of this unscrupulous criminal system. I would wish the leaders and decision makers in this institutionalised exceution of utmost perfidy would just drop dead in place. Being told the most blatant of lies and propaganda BS right to my face, is offence most unforgivable. Becasue they tell me they not onloy intend to plunder me at their will, but that they consider to be me braindead, reatarded and a complete idiot who cannot differ left from right and up from down. Criminal scum. Organised crime. https://translate.google.com/transla...hnitten_werden __________________ If you feel nuts, consult an expert.