Posted on 09/21/2016 2:21:38 PM PDT by NRx
The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history.
It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.
"Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out," said the annual report of the UN Conference on Trade and Development (UNCTAD).
(Excerpt) Read more at telegraph.co.uk ...
“the explosion of corporate debt levels in emerging economies”
==
The US debt collapse will make the “emerging economies” look like a Sunday stroll through the garden.
Damaging deflationary spirals ????????????????
We have had CONTINUOUS and STEADY INFLATION since 1965
Inflation is THEFT OF VALUE by GOVERNMENT and the Money Changers.
DEFLATION is a Restoration of VALUE TO YOUR DOLLAR!!!
So What is BAD for the CASINO is GOOD for the People(Deflation)
and what is BAD for the People is Good for the Casino(inflation)
This can’t be true. Obammy has been telling us that our economy is been the best in 40 years.
Die U N die.
deflation was the hall mark of the 1930s.
so were soup lines.
Wow - somebody at the UN really gets it ... this will be ‘red meat’ on the prepper sites ...
“It may also prove to be the definitive crisis of globalized capitalism”
It’s almost as if governments running up debt, and central bank printing had nothing to do with it!
The truth is, a smart company would buy up all their stock with cheap and soon to be devalued debt, and on the other side of this government-caused currency crisis reissued stock, they would be far better off than companies that simply rode it out.
Essence of story, we need a stateswoman at the helm. (didn’t read it)
Between now and November 8th, we’re going to be reading a whole lot of doomsday predictions.
If Obama were running again, you’d hear none of it.
Capitalism isn’t the problem. Reckless government spending and insane central bank meddling are the problems. As Reagan said, “the more plans fail, the more the planners plan”. None of these idiots have a clue how to unwind this mess.
Deflation means your dollars are worth more, but that’s because there’s a lot less of them. There’s a lot less of them because the banks collapse due to loans going bad. They go bad in deflation because money to repay them becomes scarce, and the physical asset securing the loan falls in value.
Unless you’re sitting on a pile of paper money in your physical possession and you’re confident that you can keep it, deflation is not going to be good.
If there is a world-wide economic collapse and chaos and mass migrations across borders, the Obama Soros axis will celebrate and move in to reorder society with an iron fist.
But what UNCTAD shows is that globalisation has not in fact worked for these countries, bar a few exceptions. One starts to suspect that it works for nobody except the owners of capital and their close allies.
Wow - The UN said that ???
Ambrose was a favorite during the Whitewater years. He would publish stuff nobody else would.
Then he returned home, and my impression was that he went South. So many looked good while addressing the truth about Clinton. Many of them were actually Left leaning folks. And when the Clinton days were over, they went back to being who they were.
Keith Oberman was a prime example. He was highly critical of Clinton during the Clinton years. Then he reverted (evidently) to be an extreme Leftist.
Is Ambrose wrong here? I don’t know.
What I do know is that I would never trust the U.N. about anything, so quoting it a premise for an article, you have two strikes against you from the get go.
PING!
Be very careful.
Nobody at the U.N. ever gets anything that makes sense to us.
I doubt this is an exception.
“corporate debt levels in emerging economies, which now exceed $25 trillion”
Probably 90%+ in real estate.
The world automotive industry probably might have $1 trillion in capital equipment, as might the semiconductor industry.
All the rest of industry worldwide might have about $1 trillion in capital equipment.
Deflation
Except for some electronic stuff like SD cards and LCD light bulbs, there really isn’t much getting cheaper.
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