ECB will follow in September, meanwhile there are thousands of people being fired at several big european based multinationals.
If you read in about what is actually going on with DB, you realize that this could and probably will turn out as a new lehmann
Economy & recession goes in cycles, and even if past results are not a guarantee, we are long overdue since the crash of 2008.
According to many the world as a whole has been bankrupt since 2008 crash, and we are now living inna fake simulated economy, which has also huge consequences, and the crash will be harder then before. All the western economies, IMF & CB’s & governments are trying to do now is to buy time
After the big crash, the solution will be some kind of (blockchain based) electronic payment system, which will result in more control and a bigger noose around the neck of the regular civilian
1984
Dear @elektropunkz
Thank you for your great comment.
I've been just wondering ... Lehmann has been bailed out by goverments. Do you think DB can be bailed out as well? Will public allow it again?
That's very true. However those cycles seem to be already "stretched" by financial engineering and I wonder if we just bought ourself another few years of "peace and prosperity".
ps.
Recently I've bumped into this site: https://www.usdebtclock.org/world-debt-clock.html
It does shows debts of all major countries and I noticed that with few exceptions everywhere debt is increasing. However 4 countries (including Poland and Germany) seem to have their debt going down.
And I was wondering how could that be possible? Also I realized that Poland has very good ratio between debt to GDP (around 50%), which is great comparing to countries like France (107%) or Italy (147%). Not to mention JApan (261%).
I found it so confusing. It would suggest that Poland have more stable economy than majority countries out there. Looking at those numbers could even suggest that Japan is serious financial trouble.
Mind sharing your thoughts?
Yours
Piotr
If you look at the measurements they placed with the greek crisis, if there’s going to be a bailout, the mormal db customers will be the ones financing the bailout. Japan has been in trouble for many years now, Poland (as other eastern european countries that became EU member) have a good thing going on at the moment, they get more out of the EU then what they have to pay to the EU. And also income is rising, and taxes not so high as in the West of eu. In NL we have an median of 80% tax pressure on the income. Which is crazy