Hunger Crisis And Bread Lines as The Economy Collapses
Channel: The Nomad Economist
Date: 2020-12-04

Hunger Crisis And Bread Lines as The Economy Collapses

food pantry lines, evictions, unemployment, etc.  And yet retail spending is up and the markets are at record highs.  The transition from the Industrial Age to the Technology Age seems to have left millions behind and nobody cares.
Over reaction as they were ordered, put economy to $0 or a close as they can and then print loads of money.

You now have a zero economy with a whopping great debt .Keynesian economics paying only the deficit actually needs an income to pay it now dead in the water.

You will not be getting any economy back for a few years makes the whole concept of having an economy to support the debt .

Keynesian economics is now dead in the water the best from here on in is the FED printing the deficit to keep it all rolling along.

But it is not that .It is a transition to another economy .Digital, locked in and no property.


The financial bubble was set to burst sometime soon with or without the virus.

Nothing was learned from previous financial collapses with a lot of money thrown at too big to fail businesses and banks with next to no regulations put in place to avoid said issues arising again.

The economy is a big abstraction, as is debt. The reality on the ground is people agreeing to exchange goods and services. This creates prosperity. The debt is an instrument injected artificially into this system by the financial industry to leech off of it. We could easily have a wonderful economy with honest money and low debt, and people would be a lot better off than they were before.
For the full transcript go to https://financearmageddon.blogspot.com
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