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Diogenes of Babylon posted an update 5 years, 4 months ago
“This is all about preventing a revolution and civil unrest because they have been borrowing since World War II with NO INTENTION of ever paying off anything. Klaus Schwab has turned it around saying that there will be revolution UNLESS you accept his Agenda 2030. They then lowered interest rates to negative to try to stimulate the economy and failed. They now cannot raise rates and central banks are trapped. The only way out they see is to default, but they cannot admit they are the cause, so they must turn the tables on the people – the Great Unwashed.”
https://www.armstrongeconomics.com/world-news/corruption/why-this-manufactured-crisis/
The Giza Forum (Legacy)
Closed Archive of The Old Forum
For example, lots of pension funds, and other assets held by ordinary working people, have invested in various countries’ bonds, especially U.S. bonds. If those countries default on their debt, the bonds become worthless, and lots of people’s pensions go poof. Strange, ain’t it? Almost like somebody planned it that way.
Similar thing happened in the 2008 crash. All that mortgage debt that couldn’t be paid off = all the suckers who bought bundles of that debt as an investment lost their investment when people couldn’t pay their mortgages. The guys selling the bonds and derivatives, of course, still make their commissions no matter what happens, as well as their profits from speculating on, then manipulating, the markets.
When it comes to banks, remember that the money you have in a deposit account at a bank is, legally speaking, a loan from you to the bank. So let’s say there’s a bank where people have savings accounts. If the bank reneges on its debt, those savings accounts almost certainly go poof.
Not that I have enough money to invest in any of the above… I got a bit interested in macroeconomics after the ’08 crash, when I wanted to understand what the heck was happening in the world.