5 ms·
Banking master plan Step 1. Go global. Check. Step 2. Sell all the debt you can. Check. Now what? One thing to consider is that the baby boomer generations ar
by oldpond 11y ago
Banking master plan
Step 1. Go global. Check.
Step 2. Sell all the debt you can. Check.
Now what?
One thing to consider is that the baby boomer generations are all hitting 60. This large population group is entering the period in their lives when they stop buying stuff.
There's only one planet, and once the banks have everyone in debt where's their business model?
The reason interest rates are effectively zero is because if they raise them the entire world will declare bankruptcy. The banking system is screwed. Time for a reset.
- swalsh 11y agoIt's too bad the millennial generation isn't larger than the baby boomers, and doesn't have houses and childcare things to buy. The economy might have had a chance to keep on being an economy.
- deleted 11y ago[deleted]
- forgetsusername 11y ago>Step 1. Go global. Check. Step 2. Sell all the debt you can. Check. Now what? You tell me. It sounds like you believe all of that "sold debt" is just vaporized and results in nothing, instead of centuries of insane global growth. Don't believe it? Look out your window.
- oldpond 11y agoThere is no "now what". That's the problem. There's only so much "good debt" to buy and it's all bought. These systems depend on continuous growth to function, and unless you can figure out how to sell mortgages to Martians, you are fresh out of growth. Maybe I'm wrong, and maybe they'll figure out how to have another bull run, but I think they've hit the wall.
- forgetsusername 11y agoWhat times we live in, to be the generation that experiences the "end of growth"! Ill bet anything that you're wrong, though.
- oldpond 11y agoNot the end of growth, but for the financial system, yes. Why does it always have to be a bet? There's no mystery to the financial system.