Tradefair & Financials
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When the 'stimulus is withdrawn' where will the cash printed go?
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towards paying down debt levels... and a feeble attempt it will be
Current US Base money 2,000 billion
Current Money Lent by banks 52,000 billion
Base money in the US was 1,200 billion before Helicopter Ben got moving but the dent towards over-all debt levels from this increase in base money (or money printing) achieves next to nothing.
Debt needs to be defaulted, asset prices collapse and the system completely cleansed before any actual 'growth' is going to start again.
Current US Base money 2,000 billion
Current Money Lent by banks 52,000 billion
Base money in the US was 1,200 billion before Helicopter Ben got moving but the dent towards over-all debt levels from this increase in base money (or money printing) achieves next to nothing.
Debt needs to be defaulted, asset prices collapse and the system completely cleansed before any actual 'growth' is going to start again.
You've done it now. The reverse midas has got you in his sights now and one day the mother load will land in chisel's lap and he will get a prediction right.
Don't hold your breath though.
Don't hold your breath though.
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