RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?
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At this point, they really have no choice but to keep inflating the debt to keep this system going hoping by some miracle that there will be some new value creation tool created from this money that could replay the debt and eat into the principle which is not going to happen. All we've done is safely tie debts to another 3-5 generation of citizens who will have to work that off and be taxed for their labour, that's if there are still enough labour producing jobs to tax for it.
The system is broken and eventually, it will hit the impact no matter how much you print, it has to come crashing down.
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Dear @chekohler
Indeed.
Let's hope that we won't witness collapse of this debt based economy during our lifetime.
Thanks for sharing your thoughts.
Piotr