Sunday, February 9, 2020

Are Bankers Nuts ???

Here is a website that lists some interesting comparisons which lead us to the following conclusion:

Strangely, the Federal Reserve and like central banks, in conjunction with federal governments, are making money ever cheaper with the aim of a continuation in global productive capacity ... in the face of fast declining populations that do all the consuming.  We are officially in a farcical period of fiscal lunacy and monetary policy in the face of depopulation among the global consumer base.

You can find the rest @
https://econimica.blogspot.com/2020/02/fiscal-insanity-real-depopulation-vs.html

And don't forget the fact that robots/AI soon will take over half of the remaining jobs, implying consumption will decrease even faster than the population does.

So what are bankers up to? They seem to be blindly following a policy of growth at any cost, but why? Possibly it's to make certain the ultra rich can possess all the assets they covet before the inevitable crash takes place.

Here is further discussion of the issue:

https://www.nytimes.com/2015/12/02/business/economy/imagining-a-world-without-growth.html

This is no longer a mere academic exercise, since somehow we need to roll back human population growth, energy usage, and resource depletion. Doing so implies growth must come to a stop, and we even may need to go "backwards" to survive.

Except for the rich, of course, who still get to do whatever the hell they want.

Does that make sense to you?

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