The only solution to a monetary and financial paradigm of Debt Only is Monetary Gifting. Fiscal deficits are monetary gifts to government contractors, UBI is a direct gift to everyone and a 50% Discount/Rebate policy at retail sale benefits every economic agent individual and commercial. We better hope the Chinese don't wake up to the new monetary and financial paradigm before we do.
Its not what you want. And this has been an issue for quite some time now. Not to mention its economy struggling too, especially with youth unemployment. Just a bad combination for the world's 2nd largest economy.
As Prof Mike Hudson is fond of saying , “debts that can’t be repaid, won’t be repaid”. Can PBOC keystroke enough yuan into existence a la GWB/ Obama to keep the dragons at bay? Seems like PRC is more sovereign than we are these days....
Yikes. Good to know.
The only solution to a monetary and financial paradigm of Debt Only is Monetary Gifting. Fiscal deficits are monetary gifts to government contractors, UBI is a direct gift to everyone and a 50% Discount/Rebate policy at retail sale benefits every economic agent individual and commercial. We better hope the Chinese don't wake up to the new monetary and financial paradigm before we do.
Its not what you want. And this has been an issue for quite some time now. Not to mention its economy struggling too, especially with youth unemployment. Just a bad combination for the world's 2nd largest economy.
A nice concise economic explanation of China’s possible financial problems. Well stated.
Geoff Davies
As Prof Mike Hudson is fond of saying , “debts that can’t be repaid, won’t be repaid”. Can PBOC keystroke enough yuan into existence a la GWB/ Obama to keep the dragons at bay? Seems like PRC is more sovereign than we are these days....