DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?

I think that very bad and will create another bubble that will blow in 5 years

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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.

Dear Piotr, i was in USA this month begin and i see how this economy do not care about others countries...
China and USA can do whatever they want, who can say something to them?
The problem is here in Europe!
Too many different country are not finding a solution of economy trouble, so the main word is saving and put people on poverty...
I believe USA and China will not put their people on poverty, so thats why they are pumping economy and this is good thing compare with EU thats is unable to do it and just ask always to pay more tax and get less money!
The economy is a chain, if the consumers have no money, they will not buy anything, so company will have nothing to sell and recesion happen!
My friend, both of us need to move to USA to get what we deserve...

The bubble boom to bust is certainly a premeditated cyclical pattern. Only the names change the faces are all the same. The eventual and inevitable collapse only negatively impacts the poor and middle class and is designed to create a greater dependence on the machinations of our controllers.. Proxy wars, famine, genocide, race baiting, classism, etc are all successful tools of the trade to keep social mobility in check. It's us and them but they do an amazing job of convincing all of us to fight each other over money and religion for the most part. I'm not saying its so elaborate as to be attributed to the Illuminati it's just a fact that when you have acquired a certain amount of wealth you can no longer lose or make bad investments.. The CIA and the military industrial complex of the west insure the paper trail always ends up where it's supposed to..

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ECB will follow in September, meanwhile there are thousands of people being fired at several big european based multinationals.

If you read in about what is actually going on with DB, you realize that this could and probably will turn out as a new lehmann

Economy & recession goes in cycles, and even if past results are not a guarantee, we are long overdue since the crash of 2008.

According to many the world as a whole has been bankrupt since 2008 crash, and we are now living inna fake simulated economy, which has also huge consequences, and the crash will be harder then before. All the western economies, IMF & CB’s & governments are trying to do now is to buy time

After the big crash, the solution will be some kind of (blockchain based) electronic payment system, which will result in more control and a bigger noose around the neck of the regular civilian

1984

Printing money had been tried by FED from 2008 to 2015 with buying dead bonds to boost USA's and world ecenomy. I think USA should be in debt for global economic development. Imagine, USA have foreign trading surplus which means USA sold more goods than buying from other countries. This would bring dollars to homeland and not be good for global economy.

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Hello my dear friend

I am not an expert in finance (as I have always told you) but from my own experience, printing more currency is not the solution and as an example the situation in which I live every day. Printing more coins causes inflation and devaluates the currency, so much so that they had to create a new currency (El bolívar fuerte, BsF) that also devalued over time and again created another currency (El bolívar soberano, BsS) that lately has fallen quite low. And they continue creating more denomination, now they printed bills of 10 thousand, 20 thousand and 50 thousand of the last currency as a means to solve the economic crisis. Aren't we going back to the same thing? It seems that they expect to obtain new results executing the same solution as always (printing more coins).

Stay in touch 😊

Hi Piotr,
Thanks for this interesting topic. I think you get the concept quite well. The more money in the economy the more goods should be produced to compensate it. All countries are using the same economical concept which means growth can be created by increasing the money supply. Countries all over the world are doing it at least since 2008.

In Switzerland for example we have a negative interest rate. This means that you are actually being paid for making depts! How crazy is that.

Growth and cheap money a very short term solution

Politicians worldwide believe that a good economy depends on growth and that this growth can be optained by increasing the money supply. This works and we see the results everywhere. Products are getting cheaper and cheaper. We buy to throw away which results for example in huge plastic waste in the oceans all over the world. We also have a bad alocation of funds as you point out quite well. Instead to use this money to invest we have bubbles in the real estate market and the share market.

Countries and individuals can buy with the money of tomorrow by using dept but there is a point where the charge of the dept doesn't allow it anymore. In a way this point is already reached in many places(Greece, Italy, Argentina, South Africa,...). Once the point is reached where the dept can't be served anymore there is no solution. Everybody seems to put their head into the sand and ignore this. What will come then? I can only think of quite negative outcomes, like Venezuelian like hyperinflation.

These "growth with cheap money" policies have the result that we not only rob the future generations of their economical development but we also produce all the waste of the future today and ruin the planet.

We have to come up with another set of policies

Protecting the climate and the environment, protecting the interests of future generations, in short sustainable developments starts with having a new set of societal values that are different from purely economical values.

Hi @crypto.piotr,

I believe you are aware that elections are a question of pleasing, right?

What please people?

Among other things, good news. That's why there are polls and that's why polls are made to look good. There is no such politician as one who doesn't know what his electors want, so they make sure the numbers reflect that.

Another one, in today's society, is possession. People want to possess. "You may have the Galaxy 5 but I have the Galaxy 6." Want to sell a house? Tell your client what he will have the others don't, even if it's as silly as an antenna to receive all the cable chain. Let's be honest, who has ever looked at ALL the cable chain?

It's always the same. That's where such an account comes into the picture. "You'll possess more, you'll be able to get more, don't worry. Is it about putting better food on the table? Not quite. It's only so for such a small percentage of the population that a politician won't care for this type of audience unless he's playing the social card... and even so, it's for those who already have food, and want phones, computer, etc... Tell me how many people have a PC who far surpass in specs the need for what they're doing? What does the latest PC have that's essential for firing google and word, or even outlook that the one you brought 3 years ago doesn't have?

So to please the never-satiated society, they'll do such things, in order to tell them "you can possess more." For a President against him, the word "impeachment" has been pronounced, even if never enacted, he needs to please. So all kind of economic charts and 'good news' will come to please the people.

Just because they don't remember that when president A takes measures, they're only active under president B, and thus can only be judged when president C takes office, they'll think that macro-level decisions are instant. That's why... they're fooled all too easily.

Debt is an illusion and will keep going like this to keep the current economy stable. The worst that might happen, they will reset the system for something better, erase the debt and start over.

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May people want to stand behind it to secure their outcomes. Might they trying to pretend that are safe by such like economic strategies. All it depends upon comes

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Greetings @ crypto.piotr

I am not an economist, so I cannot give you an opinion from that criterion, now as an investor, and I think that somehow we all are, the debt problem is whether the debt is good or bad.

If you borrow to invest in products or services that will help you improve your productive efficiency, the debt is good; On the contrary, if you get into debt to invest in trivial products or services or for vanity, which will not generate any added value, you will be generating a bad debt.

The type of debt is closely linked to social stereotypes, which are the ones that somehow mark the trends that can influence our decisions, in this sense we must control what influences us in the decision-making based on our expenses.

Greetings @crypto.piotr.

I will speak to you in my little knowledge about economics, but I am glad that you invite us to grow on the subject.

The governments of the countries at world level, I consider that they already have an established libretto. In which every time they are in economic difficulties they turn to the "great solution" of indebtedness.

For me, this is no coincidence, because it has already been proven to be a mistake with serious consequences.

Who suffers when those policies are taken?

The ordinary citizen is the one who suffers the consequences, because from them will come the payment of those acquired debts.

We are living in a world of fiction, where little by little we are being destroyed as a species. The consumption of natural resources, the terrible history in Africa, the gradual destruction of countries.

Critical thinking is increasingly suppressed, because new generations are educated thinking only of entertainment. Sport, Hollywood, etc. They do not give us time to reflect on these issues.

In the end. "The world upside down" as Eduardo Galeano said.

My respect sir @crypto.piotr.

Saludos @crypto.piotr lo recopio para que llegue a otros y lo lean.

Something to think about; what are they printing? What are they not printing? The debt can never be repaid because they are printing principal, but they aren't printing the interest. Zero sum game? There is more debt than money in many cases, and every time they print a Euro, Dollar or what have you, the one in your wallet is worth just that little bit less and the price of a Liter of Milk magically goes up.

We saw this before in 1920's Germany, and you couldn't put enough money in a wheelbarrow to buy another Wheelbarrow. This has also been repeated in other countries throughout history, yet somehow few seem to catch on and keep using this easy money from nothing. I have a few million Intis from Banco Central de Peru in 1990. They are worth less than the paper it's printed on.

Sobering thought I hope. Greetings.

My dear friend @crypto.piotr

Definitely within your explanation you are absolutely right to generate more public spending and additional print more money without backup generate future economic uncertainty.
But its results can be seen once that this in full development, Now it can be dismantled but it would also imply to be able to have much more entrepreneurship that can counteract that and another serious way to try to get involved in more debt, I know it is difficult because advertising and consumption in this case also tend to increase so we fall into that vicious circle and the government move.

Venezuela is a living example of this and we're going for the second time that the government changes the currency and so far in these 20 years of this bad government has removed eight zeros from the currency and have changed the name.

But there is a big difference between my country Venezuela and the United States, there are private companies that counteract this public spending and that way that the printed money are not so badly used either in terms of growth.

on the other hand in Venezuela every day as long as government criminals are there will continue to foment that public expenditure bringing the consequence of more hyperinflation.

Each country has its own experiences, however I hope you don't shoot me but Trump is a lynx in business for something to the U.S. economy this year grew, compared to other governments. It should be noted that this opinion is only by information from economic news emanating from that country.

Euro is printed too, the USA and China are no exception. Years ago the USA was bankrupt, like more countries, but this seem to work. 💕

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World wars erase all the debts. It already happened twice.

Hello dear @crypto.piotr.

After all in every economy it's all about money flow. And once access to new cheap money will finish (or be greatly reduced) and debts pile up - then money flow will slow down bringing one day our entire world to its knees.

It is a very realistic opinion, I think that is what has happened with the populist governments of some Latin American countries (including Venezuela), it seems that the most important thing for them is to create a scenario where everything seems to be fine and in the future we will see how it is fixed , and who fixes it. It's living life today and we'll see what happens in the future.

Thanks for sharing friend!

It concerns me deeply that we are not just kicking the ball ahead, but that it is snowballing. And regardless of one’s political stance, it cannot possibly seem like a good idea to rack up debt that must be dealt with by our children and their children..

Dear @crypto.piotr. Your question is
"Do you, dear readers, believe that this kind of solutions (printing more money, creating more debts) will be enough?"
But what can be another solution for government.

Thank you for this valuable post

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They can’t possibly lower the interest rates forever.

When it blows, it will be spectacular. Better start stockpiling resources (cash, crypto, precious metals, etc) along with everyday necessities.

It's going to be an interesting couple of years. Because no, the downturn in economic activity has not been pushed back while the downturn in financial activity may have been pushed back. So we might see a recession without a fall in the stock market.

Well, the EU is going to explode. The currency union aspect of it was never a good idea in the first place. It's a matter of when not if that happens.

By contrast, in the US I think it is a matter of if not when we will ever see a return to historic "normal" interest rates (about 5%). The Modern Keynesians are really about to break through into the mainstream. And they maybe onto something about the old monetary indicators being inappropriate for the modern economy. After all, if we're looking for price inflation to be the tail that wags the dog, there are a lot of good reasons that have cropped up in the 21st century for that to have stopped being a reliable indicator, among them globalization and the digital sharing economy.

In China, it's a race between rising debt and sovereign investments. There's a chance that all the infrastructure building that the Chinese have engaged in will grab them a share of that seignorage that allows the US to print money so freely without consequence. For now, China is relying on its planned economy to hold things together and they are hoping that will hold until everything that is the One Belt One Road matures and can contribute significantly to their economy. That's a big bet. But they probably have the best leadership out of the 3 regions mentioned here.

That's my view @crypto.piotr, thanks for asking!

Printing more money it definitely not the answer just makes money worthless we need to be better than money really in my opinion capitalism isn't working more isn't better not enough resources.

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What I don't think people even slightly understand is how devastating this increasing debt will be in the future. Right now governments around the world are struggling to pay for their massive debt loads with the lowest interest rates in modern history.

When rates normalize the cost of servicing these debts will skyrocket.

Short term added spending may keep the economy moving along, but long term this kicking of the can (yet again) is devastating.

Well, I am not to certain about the outcome, but the action is aimed at stoking economic activities and therefore. If it happens then it would be great. We won't be staring at recession at the end of a couple of years. If it doesn't... 😊 😊

So let's hope the economies are spurred by these actions.

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@crypto.piotr, In my opinion, all this Currency System and Fiat System is just a Drama Theatre and we will going to see the numbers which they want to show. System is a choice and not by force, so debt is part of the system and that means it's the part of Drama Theatre and puppets play their role very well and people are busy with Entertainment World. Stay blessed brother.

Hi next bitcoin move?

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It's great to see that you got so much discussing going about this topic. I think the U.S. is trying to prevent a rough crash. It's going to be an interesting year

Thank you very much for your unconditional support. I would like a delegation I do not understand much of that but if it guides me I will understan

Hello @crypto.piotr! Great article firstly.

Regarding my opinion, I think pushing the recession by two years may not be so easy this time. With such easy monetary policies globally, none of the countries in the West have seen inflation pick up. Technology and cheap goods from China have ensured that inflation doesn't go up. And most central banks are mandated to keep inflation in check. With no inflation, they kept rates low, seeing positive job growth and gdp growth. What that has done is allowed companies to borrow at artificially low rates (and buy back shares, while keeping wage growth low to cut costs), and leverage has been transferred from banks to companies, consumer and govts. We keep talking about healthy labour growth. Look at wage growth of an average employee and that of top management. Look at how wealth divide has grown. All signs that the average person hasn't benefitted from low rates.

Then look at assets. Home prices are unaffordable for the young or an average family making £25000 pa in the uk or $35000 in the us. If you want to know how unhappy people are, the election outcomes can give a clear idea. People aren't racist, they are worried about their future.

Some of the economic data coming out right now is horrendous. Look at PMI data coming out from the west and china, all contracting. Nearly 50% of Russell 2000 companies have record debt and amazingly poor interest serviceability. If rates are lowered, and companies and people pile on more debt, then either lending is more sub prime (2007) or debt becomes so much that even a quarter point increase in rates can be painful. Also add to that negative effects of a trade war.

Europe never came out of a recession because economies like italy, spain can't do anything on the fiscal side. The trade war is having ramifications. There was a news i read last week that some small bank in China has failed.

Low rates have also increased financial risk taking. Pension funds are investing in same crappy instruments that caused the global financial crisis. That shoddy financial engineering is back. In fact most of the demand for corporate debt is thanks to large amount of CLOs being launched. Low rates have also caused people to invest in VC. Think about how many people are working for start-ups. Vc money can dry up very quickly.

If there is a recession, and i think there will be one - because at some point this debt fueled growth that is making the rich richer has to come to an end - it is not going to be nice. Monetary policy alone can't help us. Governments need to tax the rich and work towards balancing wealth distribution. But politicians are also wealthy so we can't do that.

US China isn't the only trade war. Next in line will be protectionism from others. And then china is probably not going to be the factory for every thing that the world consumes. That itself can have profound implications.

Anyway, recession is coming. Gold hasn't moved for no reason.

This post has received a 3.13 % upvote from @drotto thanks to: @crypto.piotr.

Perhaps we should all buy a printing machine Piotr.
Oh wait isn't it illegal for a person to print money its call counterfeiting.
Which is just about what every government in the world is doing.
Printing their own wealth.
The ultimate end will, as others have said will be hyper inflation.
Let's invest in crypto whilst the President of the US and others around the world still don't understand it.
By the time they realise what is happening it will be to late.
Tech coins have value way beyond paper.
And of course you can't burn them😎

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I am surprised the whole system has not collapsed yet. How long can they keep borrowing? I guess the interest payments will become so ridiculously high that there will be no money for anything. Even borrowing more money will eventually not be enough.

My biggest concern is the dilution of wealth from continuously printing money. Some people work and save up for their retirement just to see their wealth disappear because of inflation. Printing an excessive amount of money not matched by improved productivity will eventually cause hyperinflation.

I'm not interested in politics and I told you before to not send me links in my wallet. Thanks. I wish you good luck with promoting your content this way. I took a look at all the comments here and they seems all commented related to the topic. So, sorry if I'm commenting with a comment non related to the topic, but I don't know a better way to reach you and to save my time. Please respect the time of people and they will respect yours.

You are right, it doesn't end well.

But when it ends and what flavour of awful it might be we can't predict. The ones in power will decide that.

All this money printing is utterly foolish. The only reason the central banks are doing it is because they have NO ALTERNATIVE. They're screwed (beginning with an "F....."!), and they're just trying to delay the inevitable.

But by creating more fiat "money" out of thin air, they're really accomplishing nothing. They're simply kicking the can further and further down the road. But the further they kick it, the bigger and more cumbersome it becomes. Soon, their kicking will be ineffective, cuz the can will be so massive that all their efforts will be futile.

So, ya, a recession is coming. And much sooner than your stated timeframe of 2–3 years. Probably within a year.

At that time, all the asset bubbles and the QE-inflated money bubble will pop. Guess what will happen when all the bubbles pop, in unison or one after another. There will be blood in the streets.

When I was very young, I thought to myself—if a country is poor, why don't they just print more money?...

we’re using wealth from “the future” (our future time, energy, effort etc) within current days. We’re basically sucking all of our resources from the future and using them today.

Interesting way of looking at it. Like any debt, we're using future wealth now, assuming we'll have it later. Like taking out a student loan, with the assurance that the completed "education" will be so valuable in the future, money will be no problem, even at outrageous interest rates.

It's also theft through inflation - our wealth is being plundered by less buying dollar power. We need to teach our children these concepts, that's why I read the "Tuttle Twin" books to my children - so perhaps the next generation will know better. 40% off right now with coupon code FORTY

I am an affiliate and receive compensation from your purchase.

I certainly agree with your take on the situation @crypto-piotr. You don't need a degree in finances to understand that simply printing more money and increasing the debt will not solve our problem. Just scale it down and look at it from a simple household point of view. If you are in so much debt that you can't pay it back - is the solution to find a new credit card and run more debt on it up it's maximum? And there are checks and balances eventually in that scenario because after the point of insolvency, no one will grant you additional credit. You can't just make a decision and go print yourself a new one and go on your merry way incurring even more debt.

Anything the US government is doing probably won't work, because they usually design it that way.

My friend,
@crypto.piotr!
Printing more paper money, banknotes or fiat money, whatever they call it, what you achieve in the medium and long term is to increase the inflationary phenomenon and reduce people's purchasing power. In addition, it pulverizes the salary of workers who will greatly affect their family or business economy.
It is a way to hide the impact of the economic crisis that may be looming in a given territory or nation...
The main sectors affected must be the production of food and goods and services, in the midst of this problem is the common citizen who can see their quality of life deteriorated.

On the other hand, I understand that the world economy meets certain cycles of adjustment or adaptation to new demands, I also understand that from time to time central banks have the option of printing a certain amount of paper money to replace old bills with new bills,

"but At the time that China prints fiat money from other countries, I think it is a well-studied agreement that allows China to invest on a large scale in infrastructure and services works expanding the power of its economy on a global scale."

Thank you for inviting me to this forum, I hope to have contributed to my comment! @nachomolina

This form of world bank money printing never ends well.

Zimbabwe is a prime example of this, but they don’t want to give up the easy money that this money printing does for the markets.

At one time in my life I knew there was annual inflation, but I didn’t know that the world banks actually plan for 2% annual inflation to grease the markets.

So free money printing continues, and this continues to spur inflation and this pattern just keeps continuing.

Because the investment banks can extract a profit doing this, this will not end...... and if it does.... it will not end well.

We are caught in a trap @crypto.piotr.....🙄🙃

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That's a fantastic post, I wasn't aware that the US had already started Quantitative Easing, if they indeed have then it means yes there will be more domestic spending and the local economy will see growth, however in forex markets the dollar will lose value against other currencies due to increased supply and market sentiment related to it, this will devalue the dollar which means all imports such as technology, oil, Amazon and Ebay purchases etc will become more expensive, exports however will thrive. With the dollar devaluing it may destabilise the global economy because the dollar is still very much seen as the reserve currency of the world, could be good for bitcoin however.

Hey @crypto.piotr,

Generally, printing more money or increasing debt is a sign of a struggling economy. My opinion is that the politicians making these decisions only care about one thing - the next election. They will do whatever it takes to get themselves re-elected, regardless of the long term consequences. If they think that putting in a provably poor economic policy (printing more money)will delay an economic slowdown until after the next election, they will happily do so.

I think that a major economic crash is coming, not sure when, but it is on the horizon. I just hope that I can build enough of a position in Crypto in time to ride it out. Crypto is going to become a "safe haven" investment (among other things) during times of economic uncertainty, I believe.

That's the reason why Bitcoin (or any other Crypto) will destroy fiat money long-term.

Answer is always the same. For central banks, with their keynesian economics...it's never enough. And they can never stop. If they do stop printing into bolivion, world economy stops. If they don't stop (and they won't, you can be sure about that) , there will be no more middle class, only filthy rich and poor. It's already happening for years all over the world, mostly western countries. Central banks are working together as one. So when one needs a overnight deposit, they call another central bank for loan. That's how world stopped turning in 2008, when central banks did not trust to each other any more and they did not loan.
What is happening now is nothing more and nothing less than Japanification of the world. Japan was in negative rate for 30 years now and it did not help at all. Why are we just turning into 5th gear down the road... I guess that's what owners of the central banks want. Bitcoin and silver can be good reserve for the future, that's coming.

Hi @crypto.piotr

In the past, some countries had a gold reserve and, as far as I understood, no more money was to be printed up in value than we had in gold values. Then there was a substance a balance between money and gold reserves.
It was a sensible business plan to manage our money
The block was lifted and part of the gold sale was sold to Russia.

With pushing up more money there must be a good substance behind it that has a balance of values ​​behind it, otherwise it will just be a bubble that just cracks and people will lose houses and homes on such borrowed money

This means that those with capital can buy property and houses cheaply and they will only strengthen their wealth, while others will only become poorer.

It creates chaos as we see more and more of the world today

"An Old saying goes that poverty is the root of all evil"
That's probably not right, that's what we do to poverty

Our system of measuring value is a relic from the 19th and early 20th century. Until we fix that, i'm afraid that we're not going to solve the root of the problem and create real solutions for 21st century life.

Monetary policy isn't going to fix a broken fiscal and trade policy. It is like giving a weak pain-killer to a cancer patient. Eventually, it will not work and the patient will be worse off.

A while ago I opened my eyes wildly in shock reading today’s news.

Stop doing that - they only tell you small pieces of the mess to inflame you and throw you off your game.

And yes, they will kick all their cans as far down the road for as long as they can as anyone would. Pensions, assets without underlying value, health care, high death, and low birth rates, disease rates, poisoned food. It's all bad and much more.

Best to ignore the "bad news of the day" since its cherry-picked for you.

support the post - but we cannot influence them - we can only get ready - and diversify our assets. Maybe it will be 1 year, maybe 10 - now you have to think about accumulating in safe assets - when everything collapses there will be an opportunity to buy cheap / this is an inevitable process - just get ready - it will be fun!

My opinion for this is simple.
All people on the world just need money for cover living cost.
If government dept the country too much and it's not possible to cover the debt. We get the hyper inflation, where money lose the value and people can't sustain their live.
If that will push forward that will be happen to more and more countries.
Weak countries can be easy defeated by stronger countries, which now invest in military and that is the reason why WORLD WAR 3 is just possible.

Yes, "WORLD LEADERS" PUSHING GLOBAL RECESSION AWAY from our doorsteps!
Because the pie is fixed, he wants to increase his amount, which is bound to reduce the amount of outside.

Hi again!

A few comments on this acute post:

So perhaps with all those new easy money entering markets and economies, we will experience another 2-3 years of prosperity and growth?

I think that 'main street' will not at all benefit from this money pumping (as has been the case since 2008). But rather, it will continue to inflate the stock market, as that is where this money goes, nowhere else (apart from being accumulated as debt with future interest due).

The way I see it is that we’re using wealth from “the future” (our future time, energy, effort etc) within current days. We’re basically sucking all of our resources from the future and using them today.

Bingo! That is exactly what this (money printing) is; namely, borrowing "wealth" from the future to have it today (but at a huge cost to future generations). This will be absolutely devastating to them.

Technical question:

How the heck did you make those cool tables? (the ones with the images in the left column and the questions in the right column). I'd really like to know how to do this but don't know the relevant Steemit tags to do so. Thanks!

Economically speaking the amount of global debt means we are in uncharted territory, Beware Here be Dragons. Personally I agree that this smoke and mirrors global economy and currency game will end up hurting a lot of people. So yes Crypto.Piotr I think you've got a good grip on the situation, the next question should be what are you doing to protect yourself?

I'm from Russia. I tried to google the answer to your question "how about the other countries." but it is complicated and confusing...

Russia's economy is in a recession (in other words: we are falling in the Huge Black Hole), investments into economy is out of the question, the key tasks of the Central Bank of Russia are to contain inflation, to contain growth of the dollar exchange rate, to freeze the growth rate of consumer prices, and so on. I can say for sure, they do not print money to invest in the economy and to revive it.

The quantitative easing that the governments are doing is a time bomb, which when it explode, will make the 29's crisis becoming a small little problem.

Create more debt or print more money (to different ways to intervene in the economy) always will create problems at the long short. If you print a lot of money, you have inflation. If you have a lot of debt, you have default problems. There is no free lunch.

well, my good man @crypto.piotr , when we abandoned absolute rulers for particracy (which they call 'democracy' but is in fact not as the ancient greeks used to have : deimos kraton (pardon the spelling , i had 4 years of latin but no greek means literally 'for the the people to speak' ... well, more or less, lol)

In the current system you choose representatives and THEY do the actual voting, at least that's how it happens here, no civilian gets a say in who will be minister of finance and who will be education or public health, you just vote on a party and the party decides ... that's not very demo imo but well ... compared to the absolute ruler who ruled a liftetime now a legislature is what ?

four or five years ? so i think you're pretty much right : they came to think like that : in terms of five years, which, on a sociological scale is like comparable to 'a second' or 'an hour' or so to a year as social engineering goes over generations heh, not a few years.

"The economy" as is, currently and as taught on schools is actually based on a bubble principle, probably stems from the colonial days

you need -bottom input- in order to inflate (literal english for the bubble metafor) but since the colonies are now developing markets the bottom input is basically to a standstill and in comes paper money. The value is derived from nothing, its not backed by anything. You can't create resources simply because you print money, you just print money and the HUUUUGE problem there (one of them) is megacorp sitting on a pool of trillions and trillions with which they do nothing but
to make money with money - hyper-inflation lol

something #steemit whill HAVE to address at one time or another as they are not a trillion dollar market ...

yes, i think you're right, it's a patch on a festering wound, which usually ends with gangrene if you don't clean it first

it's not a solution, but most of those vampires in charge will be gone by the time it really hits,
growing population + dwindling resources < 0 thats basic prepschool math lol

but they know how to phrase it, right, like any good salesperson would :)

personally i think global population control (as opposed to the inclination to birth more children so the future generation can pay for the past generations pension) is (part of) the solution, as increased population will not increase resources and automation wont stop so increased population won't increase jobs paying taxes either. Those are already facts, RIGHT NOW, i dont know who comes up with the numbers and i guess in theoretical math several minuses can even each other out but in social and economy they simply add up to triple or quadruple mines

minuses (es ... lol) like a multiplier

more debt to pay the past debt so the spending can continue ... so who has all the money if every country is in debt ?

well, the Morganites ofcourse (where would i have gotten the name lol ... if i only had the money to go with it )

you're right (in short, lol but you know im not very good at 'short')

ah can i just add a small addendum so as not to be mis-understood (im not gonna edit the reply, i'm an RC-pauper ...)

i don't advocate absolute rulers hehh ... they fixed it differently : slave labour , something that seems to get some , euh ... fans again, Orban for one, and here they have the strangest system too that's supposed to "give you opportunity" b taking a spot for an employer (who subsequenlty wont have to PAY anyone as you would be working for FREE :) ... to get a chance ... some years later, heh

bem i just wanted to add that (bit on absolute rulers, im pretty much down with one of my favourite authors when it comes forms of government

https://www.goodreads.com/author/quotes/874602.Ursula_K_Le_Guin

The printing press won't stop until "the market" decides that the debt burden is too high. When that time comes (months or years) all wealth in the stocks/bonds/housing market will be destroyed.
After a short deflationary period, we will see hyperinflation like in Venezuela, but it will all happen within a few weeks. Not enough time to get your wealth in Gold/Silver/BTC.
That will be called the great global reset and the elites will use the chaos to push for one world currency and another 50 years of money printing (new debt cycle).
States will default, banks will go bankrupt and believe me it will be nearly as ugly as a war in your country would be.
People will lose their pensions, their homes... it will be one big mess worldwide, but especially in developed countries, because they are not used to living a low life standard.

I got a memo in my steem wallet inviting me to this post discussion. Thank you.

Many of you may remember an author awhile back who talked about an upcoming recession. He was on a lot of radio talk shows and other media promoting his book about biblical revelation and signs such as supermoons foreshadowing an upcoming global recession worse than the one a decade ago. The global recession didn't happen in the time frame the author claimed it would and the author said that meant the recession would be put off by heavenly forces for another seven years.

Since then I've had this thought experiment in my head I've been toying around with. What if due to technologies such as 3D printing, private space exploration and nanotechnology we knew for a fact beforehand that the next recession (or depression) was the last one; at least for several centuries? What if some Ray Bradbury Toynbee Convector time traveler showed up with proof that after the next large economic crisis there would be post-scarcity? A future within most people's lifetimes where energy is abundant, asteroids are mined for more precious metals than humans could ever figure out what to do with and tiny robots mine landfills for materials that other tiny robots use to assemble tools and supplies.

The next economic crisis would be a fixed point in time that can't be changed. All one has to do is get through the next economic crisis and you are guaranteed never to experience economic loss again.

Would there be less depression knowing it's the last economic downturn? Would people chose not to work knowing the concept of a salary soon won't exist as it does. Would governments still pretend to care about their economies? The list of questions goes on.

They need to keep their "bubble" on the same growth level. The idea is very simple, the moment the bubble "indicates" that is drying out, investors will withdraw money from it, further reducing the profits for others, therefore others will also withdraw. Hence if no "profits" are generated "artificially" via depth creation, there will be no REAL NEW investment.

This is why the normal monetary system is doomed to blow one day. Crypto will take over, I am sure. When is (was always to my view) the question...

Hello @crypto.piotr

For my honest opinion...

The answer is.

No

This also includes the extensive Scot that is being mined and distributed.

Without real implication, this is really going to keep the debt ceiling higher and higher.

Be it the government or the crypto world.

We probably have to find a way to brainstorm into helping both the public and SME as partnership to stir up economy.

Question is, which one is the best token / crypto that is usable and grow into something big and decentralised on the long run?

@crypto.piotr firstly i really enjoy reading all your articles and specially like this one. You address something that really does raise the same questions in me. I believe that the solution to this problem was already devised in 1947 and the issues were pointed out by people like Egene Böhm Bamwerk or Mises in particular in great detail. Deficit spending has been carried out throughout history and must be looked in terms of products and services that are coupled with resources that are being bought cheap by means of regulatory frameworks that finally were defined by probably the same colonists that secured them. I believe there is a FIAT money battle being fought, that will continue as this new paradigm will unfold. Finally it is being allowed by a group of intellectuals that literally had to wait until recently for us to be able to carry out this experiment with the D-Economy. For some the neo-liberalists and for others the libertarians, or a so called covert Organisation named mont-pelerin. Stuard Hall has a great essay on neoliberalism. Keynes is gone and the second world war is over, but we are still living by the same marxian monkey circus that doesn’t have a free market due to corporate oligarchy in many governments and also institutions. I believe when it comes to institutions such as the IMF etc. of today, we do have some influential academics who really are putting an end to violence and mass consumerism that really rose from macroeconomic marginal subjectivism. I think one think tank can overpower another over time and yes, i believe in think tanks that are malevolent in their overall conduct motivated by self interest and don’t benefit humanity as a whole. We simply can’t afford to destroy the only home we have. If the above are corrupt, i believe there is always someone higher and on top of them that says: ‘wait a second guys, you can’t do this’. When the Keynesian consensus began to collapse in the 70s the remnants caused perennial inflation, lead to erosion of value and for a reoccurring financial crisis. Thatcher met Hayek! Today i believe we are tackling the issues of global warming, automation and wealth inequality. I welcome this new age of international political economy and embrace a more laissez-faire ideology.

Dept can be:

• repayed
• refused to repay (declaring bankrupcy)
• inflated.
  I vote for the third. Economists are wondering for 10 years why we don't have inflation. I think in some years, we will have. If the zero-interest-rate and the quantitative-easing-nrX don't help, the helicopter-money will have to come. (If nothing else helps to the economy, they will print even more money and give it to the people who will in fact spend it.)
  The USA also inflated its debt after the World War II.

@crypto.piotr
MORE GOVERNMENT SPENDING = MORE TAXES
Today, July 31, 2019, for the very first time in U.S. History, the 10-year Treasury Bond is returning a NEGATIVE YIELD! It costs $1,028.60 to buy one, and you will be paid back $1,000 in 10 years. Thanks for your Patriotism!!! :D Just keep on going to work to earn those DOLLARS and you should be just fine, right?!?!

IDK about you, but I went out and bought some more silver bullion today - to add it to my stack!!! Screw that paper $#!t !!!

We must prepare for it. Waoo, but my country Venezuela has been going through it for almost 20 years.
Then, a recession is coming. And long before its established term of 2 to 3 years. Probably in a year.

great post, great concern;
I Personally think next recession is just right there, 2020 or '21
get prepared... specifically with your crypto holdings

Let´s be honest, the crisis and recessions are what makes the rich getting, even more, richer, because they are not caught on the downside of it.

But, it is what it is, and this solution seems a bit desperate in my opinion.

Hi @crypto.piotr
No, it will be not enough.
Recession should be here two year back and for sure somewhere is rising really big economic nightmare. But from media it is look like everything is OK.
But maybe new technology save them, but I do not believe in it.

They are just delaying the inevitable. Probably planned, I don't know. They are choosing short term solutions to long term problems

Hi @crypto.piotr,

Firstly, let me thank you for sending me the link of your Wonderful Article.

To be more appropriate, your article is the need of the hour. All the points that are listed in the blog post are perfectly listed and briefed.

"Can it really allow goverments to avoid global economic recession by another few years?"

Yes obviously. By doing so, we are postponing the recession...for some more years!

"...or perhaps it’s a little bit too late or simply not enough?"

My answer is.....Just continue the current trend. Get more debts. Investment the same in the construction of factories, lots & lots of factories in all fields in a BROAD ASPECT. The benefit is of two fold. Firstly, it will solve the unemployment problem and the productivity will increase as a result of it. Revenue will be generated. The sale of goods will bring in more profit and the profit can be used to settle down the old debts.

If all the countries follow suit, imagine what a Positive Wave of TsunaMoney it will send across the entire world.

This is my humble opinion @crypto.piotr.

"I’m far from being an expert...."

But the way you presented this blogpost proves beyond doubt that you have become an expert @crypto.piotr