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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (158251)	5/23/2020 5:41:42 PM
From: Sawdusty	Read Replies (1) \| Respond to of 217518

"kelton seems to suggest that poverty and low wages is a political decision and not really a economic necessity, as believed within the u.s.." Our resources and the climate are stretched now.....how would it be if we added a billion millionaires? People spend and accumulate according to their income so if everyone was a millionaire we would be toast rather quickly. JMO.

To: marcher who wrote (158251)	5/24/2020 4:54:51 AM
From: TobagoJack	1 Recommendation Recommended By Secret_Agent_Man Read Replies (1) \| Respond to of 217518

Re << i'm interested in thread member comments and references, as well. also curious about whether/how the PRC applies modern monetary theory within china.>> (1) I realize that any discussion on China veers towards the political in USA these days, but rest assured that it is bipartisan and does not single out any political persuasion, these days. So, here goes ... (2) Generally, Team China has been practicing MMT by building infrastructure to do once-several-hundred-years catch-up, and sprinkling MMT via state, as well as private, and individual street-level initiatives. China MMT may look like QE but is not. America has also done MMT, on top of QE, but the MMT got applied in places like Iraq, Syria, Afghanistan, Libya, ... as opposed to Michigan, Alabama, ... In some sense Teams America and China cooperate very well, as the former bombs and latter builds up, for example cnbc.com <<As the US withdraws from Syria, China may boost its influence in the country>> oilprice.com <<Is Iraq About To Become A Chinese Client State?>> gandhara.rferl.org <<China Ramps Up Role In Afghanistan Ahead of U.S. Withdrawal>> (3) Specifically w/r MMT explicitly mentioned (search on “MMT”) Message 32130948 Message 32132681 (4) Implicit MMT (search on “Yangshuo”) Message 31932995 Message 31938684 Message 31938981 Message 31945509 Message 31950508 (5) Compilation of view re what / how forward, and where would the collateral come from to underwrite more MMT Message 32129365 (6) MMT cost wealth, from the people, either by taking the goodies in one fell swoop at moment of revolution, or by tax borrow print tax. Mathematically MMT and QE might look very similar, but QE favors the connected-rich-have-plenty whereas MMT favors the have-plenty-rich-connected :0)

To: marcher who wrote (158251)	5/24/2020 12:06:01 PM
From: THE ANT	Respond to of 217518

There is no comparison between the use of MMT in China and MMT in the USA. The US has the global currency and can print as much as they want without increasing the cost of servicing debt in dollars. In fact the cost of servicing debt in dollars for the US goes down. China does not have the world reserve currency and it’s already facing a future crisis due to mal investment in their country( too difficult to explain here read Michael Pettis)The US has an over valued currency that has been strangling the world for years. MMT in the US is good for the US as well as the rest of the world I am not trying to be critical of China here. They played a brilliant game for the last 20 years resulting in much higher GDP growth then otherwise would’ve been the case. They run their economy like it is on a war footing with all extra capital going into development. There is no question that GDP growth in China is going to crash . I think the people will hardly notice as the GDP that exist in China will gradually be re-distributed to the people. That means China could have falling GDP with happy people.I look at this much like the situation of the USA after World War II where 90% of production was going to the military. They were great fear that the US would have a recession when the war ended. Instead the USA had a consumer boom. Coming to China soon but at a cost for China will grow much slower