This is a well developed system, but can't it lead to a forced sellout of the limited quantities of the metal (compared with the total of money flushing around?)
I would readily agree on lots of malinvestments, but doubt that better ones could have been made. There is oversupply in almost everything. The better option could be to invest more in home ownership in a way that people can't consume it by lending for that.
Marc did you ever consider that bigger government and more taxes of all kinds that make the financial part of housing a growing hurdle for poorer people. One has to lend more money longer and it keeps most people poor all their life (rents go up with rising costs). Why does a poorer person have to lend so heavily for all these kinds of taxes, government regulations and all their faults and limitations? Paying for that is fine (government could lend herself and lease it to the poorer kind of people) but lending???
Would you lend money to your neighbour for repairing his pension now for his farther future (because money devaluates)? Would it be normal to finance all infrastructure before you can own\drive a car and have to lend for this? Society keeps people poorer than necessary and worse; denies them a home(feeling). Banks earn money on this, more easily than anything else nowadays. You can forget about Piketty and lesser howling comrades because everyone wants to get rich and nothing is wrong about that and it will always happen again. Making and keeping people unnessary poor is a felloney in the way it happens worldwide and only craftsmen who build their own are conscious and somewhat immune towards this grand theft which gave people in Holland with a house a one hundred fold increse in value betwee 1935 and 2005.and leaves about everyone nowadays with more than 30% average housing costs.
At the same time there are companies here who can build a house in one day to exaggerate the problem a bit more. 14 years from you and my view as an outsider (former bricklayer) should be enough don't you think, yours truly
My longtime favourite explanation is the inevitable decline of longer term profitabilities because of ever growing competition, shorter lifecycles of products and cheap money. If everyone would be conscious about it hell would break out so to say. Putting all the blame on even more easy money disguises and postpones this problem.keeping growth, innovation and competition at the max in the mean time. A solution could be to make a seperation in kinds of money between profits and earnings in the way that profits should be confined to investing (to make more profits) and other money to be excluded from this and confined just to "social investments". Government interference could always make necessary adjustments. This has to be agreed on worldwide of course. In this scenario profitmaking would again regain its status as the major industrial drive in stead of "just" a financial "product" (that is to be manipulated)
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The Shanghai International Gold Exchange And Its Role In De-Dollarization
This is a well developed system, but can't it lead to a forced sellout of the limited quantities of the metal (compared with the total of money flushing around?)
Bitcoin Is A Threat To The US Dominance
All holders of this "reserve currency" would have to agree? or just the few who own 95%?
Regardless Of Recession, We’ve Already Got The Downturn And That’s What Actually Matters
they should have raised minimum wages 7 years ago
No Recession Ever Again? The Yellowstone Analogy
I am a strong adherer of spinoff results. But when it becomes obvious that fraud, financialisation and so on are involved spinoffs won't result
No Recession Ever Again? The Yellowstone Analogy
I would readily agree on lots of malinvestments, but doubt that better ones could have been made. There is oversupply in almost everything. The better option could be to invest more in home ownership in a way that people can't consume it by lending for that.
Inflation Targets: If You Can't Hit The Goal, Raising The Goalpost Won't Help
Ifully fully agree with you
The Reign Of Bubble Finance
Just compliments
The Need For Higher Wages: Lots Of Thunder, No Rain
Marc did you ever consider that bigger government and more taxes of all kinds that make the financial part of housing a growing hurdle for poorer people. One has to lend more money longer and it keeps most people poor all their life (rents go up with rising costs). Why does a poorer person have to lend so heavily for all these kinds of taxes, government regulations and all their faults and limitations? Paying for that is fine (government could lend herself and lease it to the poorer kind of people) but lending???
Would you lend money to your neighbour for repairing his pension now for his farther future (because money devaluates)? Would it be normal to finance all infrastructure before you can own\drive a car and have to lend for this? Society keeps people poorer than necessary and worse; denies them a home(feeling). Banks earn money on this, more easily than anything else nowadays. You can forget about Piketty and lesser howling comrades because everyone wants to get rich and nothing is wrong about that and it will always happen again. Making and keeping people unnessary poor is a felloney in the way it happens worldwide and only craftsmen who build their own are conscious and somewhat immune towards this grand theft which gave people in Holland with a house a one hundred fold increse in value betwee 1935 and 2005.and leaves about everyone nowadays with more than 30% average housing costs.
At the same time there are companies here who can build a house in one day to exaggerate the problem a bit more. 14 years from you and my view as an outsider (former bricklayer) should be enough don't you think, yours truly
Refining Mr. Market’s Forecasts With A Macro Filter
Just another summing up though well presented
Savings Glut And Financial Imbalances
My longtime favourite explanation is the inevitable decline of longer term profitabilities because of ever growing competition, shorter lifecycles of products and cheap money. If everyone would be conscious about it hell would break out so to say. Putting all the blame on even more easy money disguises and postpones this problem.keeping growth, innovation and competition at the max in the mean time. A solution could be to make a seperation in kinds of money between profits and earnings in the way that profits should be confined to investing (to make more profits) and other money to be excluded from this and confined just to "social investments". Government interference could always make necessary adjustments. This has to be agreed on worldwide of course. In this scenario profitmaking would again regain its status as the major industrial drive in stead of "just" a financial "product" (that is to be manipulated)