The effect of the easing of Quantitive Easing will be felt on Wall Street - Pr. Steve Keen
This Austrialian professor is a genius in modern economics. He is opposed to the Keynesian economics, and has his own theory and predictions about the economy and capitalism.
He predicted the 2008 melt-down in 2005! So his opinions shouldn't be taken lightly.
The presentations he does are a real eyeopener, and have helped me a lot, the last few years.
This is his view on Quantitative Easing, or as some would say "Money Printing", and the effect of the easing of QE.
Watch this and be informed,
Sincerely,
@originalworks
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thanks for posting this @pele23. history tends to repeat itself and we seem to be slow learners.
There is no 'nice' scenario resolution to this. The Global debt has passed the point of no viable solution. History tells us that governments will inflate the money supply which deflates the currency's value in part to make the debt easier and cheaper to repay.
Gold and silver have traditionally be the safe havens during this disruptive part of the money cycle.
good question @stevejhuggett - There is no historical precedence (yet) to predict how digital currencies will fair.
Indeed gold and silver will be the safe and crypto too, I think...
But if history repeats itself, gold and silver will be confiscated... let’s hope not!
Ah yes @pele23, the real possibility of gold and silver being confiscated > here's a segment from a very thorough study of this issue >
A small safe harbor for those who are looking to buy and hold gold coins?!?
This print of money will colapse economy. Because money from QE go to the banks and speculative fonds and will never return in real economy.Just 10% from printing money return in real economy.
We will see later 2018-2010 if this help economy.
That's in a nutshell what Steve is telling! ;-)
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Nice to see your post and its been great getting to know you @pele23 :)
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thanks for the nice information
upvote me @tanvirsadatripon
Well, judging by his graphs and the fact the stock market is reaching all time highs could it be a bust in 2019.
Question is what will happen to the crypto market safe haven or worse?
Upvoted & Following :)
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