F*ck the economy.

[Alle_Gory]

Is this just a measure to prolong the inevitable implosion or will it actually change anything?

The implosion we're looking at will be like Zimbabwe. Their sky high inflation was based on bull****, an inflating monetary supply and lack of real productivity. Now since the problem has gone global it will probably take much longer to feel the effects.

My guess. Discuss.

 

[Gaucho]

OK someone with economic knowledge, what does it mean that the Fed Reserve is "helping" Europe out by lending* at low rates?

If I'm correct the world was going doomsday over the Greek and Italy Euro crises, so how can this one move save them? Is this just a measure to prolong the inevitable implosion or will it actually change anything?

Basically it is just to allow credit to flow again. It doesn't solve anything fundamentally whatsoever, just a quick sugar hit to the market bloodstream.

The markets rallied more on the interpretation that more global coordinated policy could be to come. With China increasing liquidity and the ECB, RBA and BoE expected to do more soon. If this fails to materialise, markets will blow down just as quick as they rallied.

 

[JonJaper]

Our economic system is designed to fail. Because of credit creation, borrowing and bailouts, national economies are going to be in constant debt. The more money gets created by the banks and pumped into the economy, or loaned out to individuals/countries, the lower its value.

The value of money will always decrease. I've lost trust in our monetary system...when I start earning I'm going to convert all my savings into gold and keep it in bank vaults...where it can't be used for credit creation and won't lose value over time (infact gold, because of its scarcity, will increase in value over time).

 

[metoo]

The baby boomers will collapse Social Security when they retire in full, count on that much, and the "fallout" from that SS collapse will wreck the rest of the US. it's coming for sure, and within 10 years, probably within 5 years, actually.