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25/05/20

12:49

Post #: 44815525
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Originally posted by Crom Valen ↑

I think the decline in the west is probably more the result of political parties and the corporate worlds wholesale embrace of 'Neoliberalism' and worship of 'The Market' as 'The Arbiter of Everything' over the last 30 or 40 years.

I think that the decline in the west is due to the immigration / property ponzi scheme, to central bank policies of money printing and interest rate suppression in order to bail out markets & corporations and to promote a 'wealth effect' via artificial asset bubbles, to runaway government spending and debt creation which has made it necessary to do the money printing, to the bailout mentality where everyone from homeowners to corporates to local government to banks to hedge funds and everyone inbetween expects to be bailed out of any mess they get themselves into, to the rise of 'moral hazard' where no amount of debt is ever enough and crazy risks become the norm because everyone expects to be bailed out all the time, to the rise of MMT to provide some sort of intellectual justification for the madness......

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Do you still support communist China after what they had done to the rest of the world? Their human right abuses, bullying policies, virus spreading, cover up, buying up the West. House price went up because of Migrants esp from Chinese investors buying up our houses... it seems to you that having money in the bank is wrong, buy a house is wrong... what is right then? Gamble in gold explorers & fantasising becoming rich?
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0 Great analysis

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