We know what’s coming and we are prepared.
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What do they know that we don’t?
Reality dawns.
Davos 2024
Oh blimey!
The debt fuelled growth model of globalisation never had a long term future.
Sustainable growth.
So easy to say, so hard for global policymakers to achieve.
What confuses global policymakers so much?
Banks create money and debt at the same time.
Banks create the money first and then they have to get it back again to balance the books.
The economy booms on the money creation of bank credit, but policymakers are oblivious to the claims on future spending power piling up in the banking system.
At 25.30 mins you can see the super imposed private debt-to-GDP ratios.
China has just reached the end of the road with the debt fuelled growth model of globalisation.
We got there in 2008, and have referred to it as the Productivity Puzzle ever since (UK).
Not considering private debt always was the Achilles heel of neoclassical economics.
How private banks create the...
Miatta Fanbulleh is Liberian.
She is now in charge of Britain's Energy Security.
Meanwhile this is what Liberia looks like:
Beaches covered in excrement.
No waste management.
Absolute filth.
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
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Owning a home.
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Buying groceries.
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Driving to work.
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Paying insurance.
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Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.
