#277: At the limits of monetary possibility
#277: At the limits of monetary possibility
HOW DOES THIS END? On two occasions in modern times, central banks have found themselves obligated to pour huge amounts of newly-created money into the system. The first instance was the global fin…
Well written and well researched article that is neither alarmist nor hopeful. The question is going to be how this house of cards collapses and when. I was sure it was going to be evergrande and Chinese property? Instead will we sleepwalk into another middle east war and this then joins with the Ukraine Russia way through proxies.
Are we looking at a financial event or the finances forcing us into a different event?
Evergrande and chinese property are just shufflings of abstract information in the form of money . the real economy is biophysical.
Expect waves of stagflation of various sizes and duration to be the principal form of economic collapse experienced by the working class. It doesn't have to come as a collapse just a slow grind across a lifetime of declining standards of living.
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This, unfortunately, is going to have to be learned the hard way.
Outlook not so good