In this episode we explore what happens when the money-economy collides head-on with a pandemic… Unlike some other countries, here in Australia we’ve taken the COVID pandemic very seriously indeed, relying on lockdowns, mandatory masks and a rigorous system of contact-tracing to keep the human cost as low as possible. Masks are everywhere - the only place we’re not required to wear them is inside our own homes - but we’ll also see the other two themes illustrated by this sign outside a bakery-cafe a few miles to the east of Bendigo in north-central Victoria, where I currently live:
Across the world there is an optimism in the power corridors that the government can tax its way out of this mess at some point to repay the debts it has created. Could be one reason among others like the ability to print their way out of a mess post GFC which leads to such decisions. There could another black swan soon leading to massive inflation across these money printing economies, break down of social order at some point.. God knows when.
A side item would be with country debts now expressed in Trillions rather than Billions how far do we need to go before computer input will no longer be possible with current field lengths? :-) and will company financials move from portrait to landscape?
An extremely articulate overview Tom, the last paragraph is chillingly assessment of a global phenomenon which plagues us all. Governments / financial institutions trying to stimulate economies with zero rated credit have not taken into account old age pensioners who rely on interest from their meagre savings to supplement even more pathetic state pensions. A collapse in the credit bubble may well bring the financial institutions to the brink and bring your money-economy to an abrupt end.
Across the world there is an optimism in the power corridors that the government can tax its way out of this mess at some point to repay the debts it has created. Could be one reason among others like the ability to print their way out of a mess post GFC which leads to such decisions. There could another black swan soon leading to massive inflation across these money printing economies, break down of social order at some point.. God knows when.
A side item would be with country debts now expressed in Trillions rather than Billions how far do we need to go before computer input will no longer be possible with current field lengths? :-) and will company financials move from portrait to landscape?
An extremely articulate overview Tom, the last paragraph is chillingly assessment of a global phenomenon which plagues us all. Governments / financial institutions trying to stimulate economies with zero rated credit have not taken into account old age pensioners who rely on interest from their meagre savings to supplement even more pathetic state pensions. A collapse in the credit bubble may well bring the financial institutions to the brink and bring your money-economy to an abrupt end.