HARRY 3 on Nostr: Insightful past discussions that enhance the Bitcoin movement and adoption. The late ...
Insightful past discussions that enhance the Bitcoin movement and adoption.
The late Tyler Jenks on the Keiser Report 24/11/2018………
“ The 10 year bond -the single most important element of where we are today.
We have dodged bullets since 1944 through all types of mechanisms.
But the real problem started in the year 2000 with A. Greenspan.
He responded in a way that the Fed had never responded before, and then passed it off to Bernanke, Yellen and Powell.
ie the Greenspan put.
2003 to 2006 kept rates so low created a bubble in the housing market.
Crucial point - if banks can borrow at zero from the Fed and loan that money out at .25% they can make money.
This leads to artificial growth and mal investment.
The end point to this is mathematical.
It gets to a point where the interest on the debt gets to the point where growth can no longer pay it off.
( Fast forward to Nov23 $1T p.a interest on the debt and growing . ie the debt spiral.)
The late Tyler Jenks on the Keiser Report 24/11/2018………
“ The 10 year bond -the single most important element of where we are today.
We have dodged bullets since 1944 through all types of mechanisms.
But the real problem started in the year 2000 with A. Greenspan.
He responded in a way that the Fed had never responded before, and then passed it off to Bernanke, Yellen and Powell.
ie the Greenspan put.
2003 to 2006 kept rates so low created a bubble in the housing market.
Crucial point - if banks can borrow at zero from the Fed and loan that money out at .25% they can make money.
This leads to artificial growth and mal investment.
The end point to this is mathematical.
It gets to a point where the interest on the debt gets to the point where growth can no longer pay it off.
( Fast forward to Nov23 $1T p.a interest on the debt and growing . ie the debt spiral.)