Gaia
17th July 2016, 21:17
According to the global Banksters, no economic theory works. Depositors now pay banks to hold their cash in an interesting turn around.
Commercial banks are free to create as many toxic assets as they can because the Reserve Banks or Bank of Canada just create money out of thin air to bail them out.
They don't even have to use this newly created ''cash'' to lend out to individuals and business. They can just sit there and hoard it and profit from it. In the Canada it was estimated the banks absorbed $500 billion of '' free'' money.
Mark Carney and a ex-Canadian and his cabal figured that consumers could stimulate the economy by mad spending with cheap debt. It worked for some time in Canada but just before the house of cards collapsed he escaped to Britain. (before the throngs chased him out with torches and pitchforks ).
He also forgot the sensibility that people need proper paying jobs in order to spend.
Mcjobs will not work alongside his ''new theory''.
Since no governement that I am aware of has ever repaid deficit finance in the bad times with surpluses in the good times, Keynes's theories have never, actually, been tested.
He freely admitted that even if the repayments took place as described, there would still be a bias to inflation.
He just thought that the inflationary bias was an acceptable alternative to repeated depressions that caused a great deal of human misery.
The problem is that his name has been used to justify permanent deficit financing by politicians who are too scared of the consequences of forcing the electorate to realise that it has been living beyond its means.
Basically, the fault is not Keynes's, but ours, for our voting choices.
John Maynard Keynes may be dead ! But, his spirit lives on in the Fed and Canadian gouvernement.
Forget the rigged Dow... The long run is now ! Systemic collapse straight ahead in my country, and so we put a bullet into the era of responsible governement that was slowly preparing the country for the demographic challenges ahead. (exodus from the Europe and middle east to America).
In Canada, Trudeau, within months of taking office, has cast aside the backbone of his platform and has plunged the country into profligacy.
With no exit plan whatsoever... $30 billion in new debt in Canada !
Angela Merkel fall in love with Justin Trudeau at the first sight.
http://pm.gc.ca/fra/node/40020
The tale of the adolescent puppy love... and the keynesians dry sink! I know it's sound Canada Dry :canada:
So cute, tellement gentil...and deadly for our country!
Trudeau he sure, will messed things up with Hillary ! :bigsmile:
Just random thoughts... Je sais, je suis opiniātre :)
Gaia
Fyi : Profligacy :
The idea of a loose, dissipated life, is seen in the noun profligacy, which comes from the Latin prōflīgātus, meaning "corrupt or dissolute." It's been said Americans live in a state of profligacy with regard to petroleum use, wasting it in the manufacture of everything from water bottles to nail polish to traffic cones. Someday this profligacy will catch up to us, however.
Commercial banks are free to create as many toxic assets as they can because the Reserve Banks or Bank of Canada just create money out of thin air to bail them out.
They don't even have to use this newly created ''cash'' to lend out to individuals and business. They can just sit there and hoard it and profit from it. In the Canada it was estimated the banks absorbed $500 billion of '' free'' money.
Mark Carney and a ex-Canadian and his cabal figured that consumers could stimulate the economy by mad spending with cheap debt. It worked for some time in Canada but just before the house of cards collapsed he escaped to Britain. (before the throngs chased him out with torches and pitchforks ).
He also forgot the sensibility that people need proper paying jobs in order to spend.
Mcjobs will not work alongside his ''new theory''.
Since no governement that I am aware of has ever repaid deficit finance in the bad times with surpluses in the good times, Keynes's theories have never, actually, been tested.
He freely admitted that even if the repayments took place as described, there would still be a bias to inflation.
He just thought that the inflationary bias was an acceptable alternative to repeated depressions that caused a great deal of human misery.
The problem is that his name has been used to justify permanent deficit financing by politicians who are too scared of the consequences of forcing the electorate to realise that it has been living beyond its means.
Basically, the fault is not Keynes's, but ours, for our voting choices.
John Maynard Keynes may be dead ! But, his spirit lives on in the Fed and Canadian gouvernement.
Forget the rigged Dow... The long run is now ! Systemic collapse straight ahead in my country, and so we put a bullet into the era of responsible governement that was slowly preparing the country for the demographic challenges ahead. (exodus from the Europe and middle east to America).
In Canada, Trudeau, within months of taking office, has cast aside the backbone of his platform and has plunged the country into profligacy.
With no exit plan whatsoever... $30 billion in new debt in Canada !
Angela Merkel fall in love with Justin Trudeau at the first sight.
http://pm.gc.ca/fra/node/40020
The tale of the adolescent puppy love... and the keynesians dry sink! I know it's sound Canada Dry :canada:
So cute, tellement gentil...and deadly for our country!
Trudeau he sure, will messed things up with Hillary ! :bigsmile:
Just random thoughts... Je sais, je suis opiniātre :)
Gaia
Fyi : Profligacy :
The idea of a loose, dissipated life, is seen in the noun profligacy, which comes from the Latin prōflīgātus, meaning "corrupt or dissolute." It's been said Americans live in a state of profligacy with regard to petroleum use, wasting it in the manufacture of everything from water bottles to nail polish to traffic cones. Someday this profligacy will catch up to us, however.