Recent content by Johan293

Books. Three books.

Bought them for $1000-1500. I am not smart enough but perhaps you are. He has made many millions trading futures. Selling them for $100.

I guess they do. https://www.reuters.com/article/us-china-economy-rrr-cut/china-slashes-banks-reserve-requirements-again-as-growth-slows-idUSKCN1OY0RL

It´s really the banking system that´s bad. Without fractional reserve banking Corona would not be nearly as dangerous. We built our societies on a banking pyramid scheme.

If you think governments instead of private banks should create loans then zero or negative interest rates makes sense don´t you think? Since governments should reward ideas that takes society forward.

Not hard to figure out what comes next. The world needs cooperation instead of competition to get us out of this bubble.

My point was that when governments cooperate they can take control of markets. And later issue debt themselves instead. This house of cards we live in now will crash and it´s going to be much worse than 1929. Even you must be able to see that.

Are you saying all debt is just as important? That is not true. You think we can get out of this mess by adding more debt?

I am just asking some questions. If you have problems with that take your medicine before answering.

I could but that would take years. Perhaps you can explain where/if i get this wrong.

That is not the kind of debt that should be cancelled. But does not banks have this fractional reserve lending? So is there not much debt out there that we could manage without then?

No trolling. What do you mean with "up the chain" instruments? And why could not cb´s all over the world be able to control those? But perhaps i should have mentioned this as well. If they would be able to cancel this debt together then why not continue and issue loans together interest free...

Hey! I don´t know if debt and growth can continue to expand or not. Some say no. I am no economist but if so why can´t much the the global debt be erased if enough central banks help each other taking control of the markets so they don´t go crazy?