Debt and slow growth are dominating the world
John Rubino from the Dollar Collapse website shares his thoughts on the continued slow economic growth around the world and problems which too much debt. The fact of the matter is that no country can get their economy back on track to help spur growth around the world. John has a negative outlook for how this will all end. Do you agree?
Click here to visit John’s website.
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+1 “There are decades when nothing happens, and there are weeks where decades happen.” Lenin
John Rubino is correct in his analyses.
How can a debt problem be solved?
John Rubino says either via inflation or default are the only two ways.
In this he is saying “we have run out of ways to stimulate growth”, because qualitative easing no longer works.
That may be true politically. However, historically, growth has been stimulated by reducing the drag on an economy by government excess.
It could be possible to stimulate the economy by REDUCING government spending and taxation. The problem with that is political. The politicians want to retain their power; to be re-elected.
They will not consider any reduction of the “welfare state”.
It appears politicians prefer to destroy the economy, in an attempt to retain power.
They would prefer to destroy the lives of millions of people, rather than chose fiscal responsibility. No wonder many people look on politicians increasingly as lower than pond scum.
The funny things is that although politicians won’t consider reducing rules, regulations and the welfare statement the policy they are following will end up with just that.
Do they really think the welfare state will not be destroyed in an economic collapse?
Perhaps, that is the problem. They just don’t ever think further forward than the next election!
My stupid iPad incorrected state to statement!
I really hate Apple technology.
Great guest. This guy gets it and explains it very well.
So many ‘things’ are so very ‘wrong’ – long, mid and short term – that odds are high that something very bad will happen. The common man will suffer – there will be a lot of anger and most likely violence. I hope I am wrong . . . .