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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (12)3/8/2017 12:46:56 PM
From: elmatador  Respond to of 13803
 
Phil, Niall Ferguson has been very gloomy later.
You can look at it in Tweeter.

twitter.com



To: philv who wrote (12)3/10/2017 2:10:09 AM
From: elmatador  Read Replies (1) | Respond to of 13803
 
Money must flow but there is a fight to control the flow. Politics enter the economy because the politicians want to control that flow of money so that people who benefit from it vote them into power again in the next elections.

If a guy appears and tries to take the control of the money flow and direct to something useful rather than dole it out because on political goals, this guy is going to be tarred and feather and dragged in the mud.

I used to explain the immobility of Germany (rest of Europe is similar) saying: everyone has a stake on the status quo. Thus no one will do anything to change it because chances are that one is going to be affected by ANY change proposed.

CNN or any TV Channel type-level people try to understand the complexities but they are not being enlightened, they are being herded. Therefore any political discussion becomes too low level to add any value.

See gg, people want simple formulas. Something that they can grasp without thinking, without referring to what they learned at school, or going into self sturdy to learn. CNN and other TV channels have to dumb down the issues so the people won't switch channels.

Note that the same applies to China: The top down approach is to keep the control of the money flow for the benefit of the Mao Dinasty. Just that instead of free elections they have these jamborees where they decide what to do with the economy for the next 5 years.