Andy Xie has an excellent world economy summary over at Caixin:
Xie also says,
Only free markets can fix our economy. This means going back not to gold, but vendor financing, at no interest, and asset backed. There are extremely few of us still around who remember that system. Small business will be exponentially valuable.
Feel free to forward this by email to three of your friends.
Only changing the policymakers will change the global economy. While national leaders change, the bunch who manage major economies have remained in the same circle for the past two decades. People do not ask why, after causing so much damage, they are still around. The power of money from the speculative community is distorting the narrative in the media.Yes, in the western capitalist countries, the powers that be are the capitalists, the permanent hierarchy. Elections change nothing.
Xie also says,
Gold is the safe asset in today's environment. As paper currencies lose credibility, the demand for gold will surge. The alternative digital currencies are fool's good, really scams to take advantage of people's fear over the potential collapse of paper currencies.Good for those holding gold. That means almost no one. Capitalism is ordered to aggregation from the many to the few, so it will have no answer to the collapse.
Only free markets can fix our economy. This means going back not to gold, but vendor financing, at no interest, and asset backed. There are extremely few of us still around who remember that system. Small business will be exponentially valuable.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment