given that the immediate issue of extradition bill is DoA, the hong kong folks are driven to demonstrate possibly, at the core of the kernel, becase the pie is shrinking on a per person basis, either because the pie is shrinking, or that there are more folks at the pie table, or that the pie is being diluted, or variation of a blend of above
in any case folks are trying to protect what they have as expressed in $s and square foot, if we view through the economic lens as opposed to the political spin, since economics are measurable and politics is just a cluster debate
if economics lens used, a global economic issue, as for the folks wishing to have a fair share of pie must either work smarter or faster and more. just the more arms & legs approach won't do, and new infrastructure rollout becomes critical
as the rate of the dilution is is picking up speed, and the rate of change of acceleration also, 2026 / 2032 seems about right for TeoTwawKi and D.I.
this think-piece below reminds the fiat money book
blog.evergreengavekal.com
The Disaster of Negative Interest Policy
“There is no barrier for U.S. Treasury yields going below zero. Zero has no meaning, besides being a certain level.”
–Former Fed Chair ALAN GREENSPAN in August 2019
“I am not a fan of low interest rates, as a great believer in the importance of savings in the economy. Subsidies to debtors and penalties for savers, I think in the long term harms the economy.”
–Credit Suisse CEO TIDJANE THIAM
“It is hard to imagine a more stupid or dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
–DR. THOMAS SOWELL, former Forbes columnist and acclaimed author
....
The End of the Free Society
The monetary policy of zero and negative interest rates — if it is consistently thought through — leads to the demise of (what little is left of) the free society as we know it in the Western world. The destructive effects of a negative interest rate policy are not immediately obvious to most people, because the path toward negative interest rates may be accompanied by an artificial economic upturn that gives the impression that the economy looks good, even though it effectively lives off its substance.
Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful; the degree of freedom for citizens and businesses decreases; and at some point, asset prices collapse and the bubble bursts as economic performance becomes increasingly impaired: Companies make less profit, jobs are lost, and consumers must rein in their demand.
All this leads to economic impoverishment and, most likely, eventually to political chaos. The negative interest rate policy proverbially cuts off the branch on which the welfare democracy of the Western world is sitting. The harmful consequences of a negative interest rate policy are already clearly visible today. If central banks are not prevented from pushing interest rates to zero or into negative territory, this will turn out to be one of the greatest tragedies of our time. |
