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  • Profile picture of Diogenes of Babylon

    Diogenes of Babylon posted an update 5 years, 2 months ago

    The Markets in Light of the Chaos.

    “They will eliminate all your debt from mortgages to credit cards and student loans, but the government would then own all the property in true Marxist style. I have been arguing behind the curtain to convert the debt to perpetual bonds and raise the interest rate to 3%. In addition, end all government borrowing, cap expenditure to GDP, and allow pension funds to invest in the equity markets.”

    https://www.armstrongeconomics.com/future-forecasts/the-markets-in-light-of-the-chaos/

    PLUS photomontage of Klaus Schwab as Stavro Blofeld.

    • Profile picture of DanaThomas
      DanaThomas replied 5 years, 2 months ago

      This talk of credit card jubilee could just be a trial balloon – we are still in the phase of what CA Fitts calls the great sucking sound , the scramble to capture every possible asset….

        • Profile picture of FiatLux
          FiatLux replied 5 years, 2 months ago

          I think a lot of the insane-sounding announcements of the past year have been trial balloons–removing people from their homes to “facilities” if they’ve got CV1984, forgiving all debt in exchange for giving up all property rights, and so on. They’re trying to figure out how far they can go before they get serious pushback. I’ve been shocked–and I bet they have too–by how much they’ve gotten away with in the U.S., U.K. (especially), and elsewhere in the Anglosphere without major pushback.