U.S. M2 money supply tripling in 15 years. US gov public debt more than tripling over the same period.
People from the middle class being unable to buy a house.
The money printer has been going brrrrrr since a very long time and everything got badly distorted.
My bet is that when the next financial crisis hits, we'll see helicopter Ben and hear the brrrrr again.
The crisis in one webpage:
P.S: that's not talking about a country like France, where the IMF shall have to intervene soon as public spendings are totally out of control and the public debt is running wild.
We are locked in a GDP fight globally between powers, triggering real world trade wars and hot wars based on a few hidden factors:
1) A far worse fertiltiy crisis than is publicly known (including timelines to its real effects being far closer)
2) An overabbundance of currency needing to find return in increasingly speculative arenas, an a levered debt system built that REQUIRES that return or risks catastrophic failure
3) A GDP fight globally where in the first to falter triggers a hot war
4) A collapse in social contract between workers and capital class, where in capital class have now publically stated they believe workers are no longer a neccesarry class (contradicting the real terms of point 1)
5) A set of economic rules that are being broken, sending us into the 'no playbook' zone of global stability
This is an ultra toxic mix that is showing up all at once.
1) demographics are collapsing worse than expected for high value cohorts (working and fighting age men and child bearing women) because older numbers didn’t cohort ages eg real numbers can linearly decline supported but large older cohorts while younger cohorts can collapse much faster.
2) The UN failed to do math in the cohort trap (each generation of women is smaller making less children) that bends down the curve even more steeply faster
3) china is undergoing strategic compression and Russia is already in it. Russia seeks to have chosen to “go out in a flame rather than slowly decline”
4) the third and developing world was widely assumed to be our demographic bailout, latest numbers show they are collapsing faster than the developed non Asian world.
Changing human motivations is significantly harder than drilling a new hole or putting up a solar panel.
To avoid political problems, make sure these new people do not become citizens so they don't vote, let them just be workers and consumers.
You are aware this isn't an acronym and you mean "Fed"? I don't know how seriously to take your opinions about macroeconomics.
Your comment is, in its entirety, meaningless and a net negative on our community with its intellectual dishonesty, and beyond that complete inability to interact with the content.
We are all dumber having read it, may god have mercy on your soul.
Is this actually a thing? I've seen plenty of people capitalize "FED" but rarely see it for anything else. eg. "TRUMP" or "OBAMA".
If anything I feel dumber for having read your comment here. Everyone knows you’re just trying to do a cute bit from a movie with that quote.
I didn't know I lied about anything.
> inability to interact with the content
s/inability/reluctance/ because of the reason I gave. But that's still fair criticism and you are right.
> may god have mercy on your soul
Aww thank you
1) The oil crisis of the 70s, inflation of getting off the gold standard
2) The invisible productivity print and GDP of the 90s due to the internet
These two solutions seem to be the only thing our current wonks can imagine as a solve for current crisis that are entirely different and need to be analyzed entirely on their own terms
For example
1) America printed 70% more currency over covid yet somehow did not experience anywhere near the global devaluation it should have (even if we experienced INTERNAL inflation) resulting in an extremely "monaco like" economy where everything is now hyper expensive and economy seems to be 'melting up.'
2) Nations like japan would dont run the world currency are experiencing MASSIVE devaluation while doing the same things, trapping their citizens inside their nation and cutting them off from global trade and weakening their borrowing position
These are net new scenarios the FED refuses to have a new playbook to deal with, and its an impressive illustration of our so called 'experts' complete lack of knowledge of what to do if it wasn't already written down in a book.