Next financial crisis 'has begun and will be worse than 2008 crash



The last crisis was "solved" by printing and borrowing unimaginable amounts of money.

The can was just kicked down to road, though a better analogy would be a snowball rolled down a hill.

Recessions are an unpleasant but important part of the economic process, they bring about needed corrections.

By trying to avert them by printing money, borrowing, bailouts and slashing interest rates, these corrections don't happen, zombie businesses are kept going sucking up and destroying capital, preventing new ones emerging.
 

You're asking me why consumer, corporate and sovereign debt is an issue?

When consumers, companies and governments are struggling to even manage the compound interest yet alone ever be in a position to pay off the capital.

The economy will never grow fast enough to clear our debt levels. And eventually we will inevitably hit a blip where people can't service even the interest.

Debt payments as a percentage of earnings for people, businesses and countries have never been higher and they are increasing. Interest rates will rise. It's f***ing obvious compound interest is going to be a major issue in The near future.
 
The last crisis was "solved" by printing and borrowing unimaginable amounts of money.

The can was just kicked down to road, though a better analogy would be a snowball rolled down a hill.

Recessions are an unpleasant but important part of the economic process, they bring about needed corrections.

By trying to avert them by printing money, borrowing, bailouts and slashing interest rates, these corrections don't happen, zombie businesses are kept going sucking up and destroying capital, preventing new ones emerging.
See Japan
 
death throes of the existing system imo mate, this is capitalisms endgame. why do you think they've been pulling up the drawbridges, sawing through ladders and scuttling lifeboats globally ffs
 

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