If finance paid the fair value of the government monopoly fee then many fewer financial crisis would arise. Skip all the insurance and reserve programs. Just have the New Fed collect the half point and deliver it straight to Treasury. Otherwise let all parties, government included, fair trade their defaults. Quit faking it.
Lebanon, South Africa, more than one Africa, Venezuela, Argentina. Turkey is in a mess. Iran, all recessionary. GDP here is estimated at 1.5%, at best. The pensions are having a bad market and rates are dropping. China has slowed considerably. Manufacturing in Germans and USA likely in contraction. The debt cartel is frayed and a meeting of the elders threatens. Oil hasn't budged much from $55 in five years or so, we have a consumer deflation pending. A global deflationary wave is upon us.
Lebanon, South Africa, more than one Africa, Venezuela, Argentina. Turkey is in a mess. Iran, all recessionary. GDP here is estimated at 1.5%, at best. The pensions are having a bad market and rates are dropping. China has slowed considerably. Manufacturing in Germans and USA likely in contraction. The debt cartel is frayed and a meeting of the elders threatens. Oil hasn't budged much from $55 in five years or so, we have a consumer deflation pending. A global deflationary wave is upon us.
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