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Sask | Very likely that is next step.
It's a debt based system and it is centrally controlled and planned. Except that control is done by a very small group of people and there is no democratic process in how that is done.
It's no coincidence the Federal Reserve is owned by the largest banks. It's how the system is built, and is an indication of how it is run.
A debt based system means debt keeps expanding. So as long as government, corporations and the peasants keep adding debt then the system moves forward as per the plans of the planners. The planners decided that effectively negative interest rates (debt at 3% when assets go up 8%) was good for everyone. It isn't free market that gets us to negative interest rates. And so they can actually pay you to take on debt if they desire to keep the debt system going.
Yes, lots of people love this centrally planned economy. And they would howl if interest rates ever followed free market mechanisms.
So we wait and see if the peasants tap out on taking on more debt. But then the government will keep adding debt and so will corporations. The trouble then will be the peasants won't be able to afford things if they don't expand their debt.
Someday somebody will say the central planners have fuked the peasants over. Not yet it seems. Sure, savings have been destroyed but if you got more $$$ for the exact same asset (the important detail is IT'S THE EXACT SAME ASSET) now than 15 years earlier then lots of people think they are winning. | |
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Inflation
