tag:blogger.com,1999:blog-2992740250270600844.post1492818612436649779..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Economic Reality Will Soon Be Knocking On The Gate Bruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2992740250270600844.post-58342483494948269232018-07-23T21:34:44.209-07:002018-07-23T21:34:44.209-07:00we all, and it's just human..., pick at times ...we all, and it's just human..., pick at times somebody to blame!. paper/fiat money came to the market as a convenience, much lighter than heavy bullion in our pockets. but serious commercial transactions and/or capital flights needed sporadically some 'elastic' moneys!; thus the creation of central banks. yet they, in turn, became subservient to the governments ( starting with Roosevelt ) by being ordered to buy US Treasuries, and so their legacy started to 'limp'. i have learned it from this colossal & amazing mind of Martin Armstrong, who like you here, are willing to share your talents & smarts. if you want to treat yourselves mentally, historically, economically, etc., please subscribe to "ArmstrongEconomics.com"!; i assure you, you'd want even your friends to know about it. cheersAnonymoushttps://www.blogger.com/profile/00195838821622332114noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-20670837667597987342018-07-23T21:05:53.105-07:002018-07-23T21:05:53.105-07:00fully agree!; yet so many 'savers' are bei...fully agree!; yet so many 'savers' are being punished ( ones who behave & did everything right! ), including pension funds. Anonymoushttps://www.blogger.com/profile/00195838821622332114noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-47830160079236633072018-07-11T03:35:28.000-07:002018-07-11T03:35:28.000-07:00I'm guessing that the era of NIRP, ZIRP, was d...I'm guessing that the era of NIRP, ZIRP, was designed to try to buy sufficient time to allow for economic recovery and to allow for the debt problem to rectified. <br /><br />It gives some indication of the economic morass that even after 10 years of direct intervention by central banks to try to address the economic and debt problems, that the world faces higher debt levels than ever before at any time in human history.<br /><br />These central bank policies have thus far failed to repair the debt problem. In fact, central bank policies have exacerbated the debt problem to such an extent which is difficult to fathom. Nominal debt levels continue to rise in the meantime.<br /><br />Acquiring more debt to try to resolve legacy debt does not work.<br />This is shown by the evidence throughout the last 10 years.<br /><br />For every single debt, there are at least two parties. A debtor and a creditor. If a debt gets defaulted upon the debtor is impacted upon but so too is the creditor. <br /><br />My advise is to try to become personally debt free as much as possible. Anonymoushttps://www.blogger.com/profile/11690955620984533448noreply@blogger.com