Zero is the new normal, page-10

  1. 263 Posts.
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    No idea... Perhaps as a percentage we haven't actually printed that much just yet?
    With everything shutting down, especially tourism the housing market is inevitably going to collapse... Unless we buy our way out of it! But once inflation kicks into gear the only option will be to raise interest rates... Which will crash the housing market. So I don't think printing endless money is gonna do it, but what will they do!??
    Maybe they will need to actually try and fix corruption, tax loopholes, bought politicians and inequality...?
    Try to fix 2 existential problems at ones and declare all out war on climate change?
    Or will the rich take their money and run while the people foot the bill.... Again.

    By definition the rich hoard money and the poor put every cent back into the economy.
    In the car of the economy the maga rich and government make up the chassis, the lower and middle class are the engine and money is the fuel.
    The engine has been running on little more than hopes and dreams for decades (with either zero or declining real wage growth.. Except for those in the 1%) while all petrol money has been diverted to strengthening the chassis and getting bucket seats, 22 inch rims and a fully sick sound system... And now we've finally spitted and sputtered our way to a stop.
    This problem can't get fixed over and over again with already maxed out credit cards. At some point if we're ever to get moving again the powers that be will have to start giving a sheet and paying some much needed attention to the engine and fuel tank.

    Humanity is in for a tough year but this is an opportunity for great change
 
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