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To: GROUND ZERO™ who wrote (143166)4/1/2020 9:27:47 AM
From: Trumptown2 Recommendations

Recommended By
GROUND ZERO™
the longhorn

  Respond to of 222185
 
It's difficult see anything bullish in the next couple weeks...this economy was not designed to be 'turned off'.for extended periods of time. Plus, our high paid employees are out of sight till mid-April
April

Week 1
Senate: Not in session
House: Not in session


Week 2
Senate: Not in session
House: Not in session



To: GROUND ZERO™ who wrote (143166)4/1/2020 10:23:46 AM
From: jjs_ynot  Read Replies (1) | Respond to of 222185
 
IN the not too distant future, supply chains for manufacturers will start to crack. And finished goods may become in short supply.



To: GROUND ZERO™ who wrote (143166)4/1/2020 12:03:04 PM
From: Claude Cormier3 Recommendations

Recommended By
GROUND ZERO™
SGJ
the longhorn

  Read Replies (2) | Respond to of 222185
 
I agree with you. There are big problems.

I think that the current model no longer works because of the current trends in technology

On the one hand, technology innovations are deflationary. They create more good and services at lower prices. The fact that we can improve our way of leaving for much less dollars is great. This process is exponential. As an example, AI specialists believe that within 5-20 years a super AI will be created that will do almost everything humans can do, faster and better.

On the other hand, the governments are fighting this deflation by adding to the debt with new money created out of thin air. By this process the financial assets are inflated , the rich gets richer as the poor become poorer continue to lose their jobs.

There is a need for a new financial system. It is either that or a new revolution in many countries.

This is not my theory but I think it make sense. I first heard it from Jeff Booth who wrote “The Price of Tomorrow”. He discuss this in an interview with Real Vision.