From the Economist: Should the world worry about America’s corporate-debt mountain? - excerpts: That bit of the light-blue curve the peaks in 2007 was the key factor that provoked the Great Recession. Of course, when one gets laid-off, one's income falls flat - and so Demand falters - which means that people don't borrow any more. Business borrowing suffered as well, but not quite so catastrophically as Household Debt (as a percent of GDP). What does this mean for we, the sheeple? To my mind, it means that we (that is, the source of Consumer Demand) determine how well or not an economy functions. The Subprime Mess in which many Americans benefited from sleazy-loans (because they wanted to make a quick-kill in real-estate) actually crashed the financial system because the real-estate resale market floundered; People found themselves with property they could neither resell nor afford to maintain loan-payments. Who is to blame? We, the sheeple, who were trying to beat-the-system-with-some "quick kills" in the housing market)? Or was it because the Financial System did not have the right safeguards to prevent the mountain of debt from exploding in our faces - meaning the Banksters did pretty much what they wanted in expanding willy-nilly Total Debt? I figure the answer is both. We Yanks are a bunch of spoiled brats and we think we deserve everything just because we work hard. (And Americans do work hard - so much so that they work more than other countries in terms of both hours but per capital value of production of goods/services.) Have we learned anything from the economic fiasco that effectively killed net employment-creation from 2008 to 2014? Methinks not - it could happen again ... !!!
At the fifteen minute and three second mark in the following video the value of the worldwide DERIVATIVES market is given as being seven hundred and ten TRILLION USA petrodollars. CIA economist Jim Rickards impresses me as being somebody who uses accurate statistics. FORGET IRAN, IRAQ, UKRAINE THIS IS WHERE WWIII STARTS... I agree with you that to some degree he is "fear mongering" because it is obvious that he wants us to have a little fear about all of this........ and it is intriguing that the obviously brilliant Catherine Austin Fitts states that something of a "back door to the Federal Reserve" was created by the top one percent of the top one percent of the top one percent of the investor class..... .for their buddies...... and NOT for most of you reading this post........... Some concern over all this seems justified but personally I am optimistic and that is partly because I believe that President Trump actually wants to try to benefit the majority of Americans and not merely the top one percent of the top one percent of the top one percent of the investor class! My theory is that President Trump wishes to be President number three to tackle some obvious flaws in Federal Reserve policy / (USA central banking policy) but......... he wants to do it in such a way that he doesn't end up experiencing the same fate that the first two Presidents to tackle that issue experienced! Is President Trump quite "Libertarian?" Personally.... I am expecting President Trump to so positively alter the USA economy that a huge percentage of Americans will soon be able to purchase rural land within one hundred miles of the city in which they live and this boom in rural real estate will play a huge role in keeping the USA and world economy stable. Could a real estate boom plus better Fed policy pay off USA national debt?
Well that's a naive notion if I've ever read one. You should read about his actions as a child and throughout his young adulthood. He was pronounced by a group of American psychologists BEFORE the election as suffering from acute narcissism. See here from Psychology Today: Does Trump Suffer from Narcissistic Personality Disorder? (August 2016) - from which this excerpt: And I underscore above only the most obvious of his personal defects making him unfit for public office. I could go on with other explanations of his disorders that I've found over the Internet, but I prefered the one above. Namely because - looking at its publication date - we were warned well before the election ... !
Interesting............. sometimes what might seem like a negative characteristic can be turned into our most positive attribute because it looks to me like President Trump has been out to do something about flaws in USA Federal Reserve policy since back in 1991. In comparison to the true Elite of America, (such as the late President George H. W. Bush), real estate tycoon Mr. Donald Trump was like a pawn on the world chess board back in '91.... and he seems to be determined to alter the formula for other low level members of the investor class who deal in such small numbers as a mere 675 million..... .and have to pay fourteen percent interest on such small loans. Did going bankrupt in '91 prepare Mr. Trump for the Presidency? https://en.wikipedia.org/wiki/Donald_Trump
You mean have CEOs been selling out the shareholders? In the old days they used to have a special fund for the CEO that contained the company's stock but the CEO wasn't allowed to sell it for 10 or 15 years. This would ensure the CEO cared about the long term viability of the company and wasn't just out to make some quick profits at the ultimate cost of threatening the company's solvency.
