What is the most difficult place in the world to tell the truth?
Washington DC
Jesus Arturo Devesa
What is the most difficult place in the world to tell the truth?
Washington DC
Why the real-world economy have been swept away?
Because the collateral is largely worthless.
How to predict social crises?
Observing the level of complacency in the face of indebtedness.
How carefully fall into the cliff?
Commodifying everything into a financial asset.
When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
Why the monetary system itself will go into meltdown?
Because central bank money-pumping is a universal belief in response to public debt.
When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
What is predictable, and what is entirely predictable?
A bubble and the bursting of the bubble.
Why interest rates are not set by the market?
Because economic activity is fueled by subpar debt.
Why they dislike the choice in front?
Because cynicism has run amok.