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RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?

in #economy5 years ago

Hi again!

A few comments on this acute post:

So perhaps with all those new easy money entering markets and economies, we will experience another 2-3 years of prosperity and growth?

I think that 'main street' will not at all benefit from this money pumping (as has been the case since 2008). But rather, it will continue to inflate the stock market, as that is where this money goes, nowhere else (apart from being accumulated as debt with future interest due).

The way I see it is that we’re using wealth from “the future” (our future time, energy, effort etc) within current days. We’re basically sucking all of our resources from the future and using them today.

Bingo! That is exactly what this (money printing) is; namely, borrowing "wealth" from the future to have it today (but at a huge cost to future generations). This will be absolutely devastating to them.

Technical question:

How the heck did you make those cool tables? (the ones with the images in the left column and the questions in the right column). I'd really like to know how to do this but don't know the relevant Steemit tags to do so. Thanks!

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Hi @libertyacademy

Another yet valuable comment. Im impressed that you've read some of the other replies.

it will continue to inflate the stock market, as that is where this money goes, nowhere else (apart from being accumulated as debt with future interest due).

Very sad and very true.

That is exactly what this (money printing) is; namely, borrowing "wealth" from the future to have it today (but at a huge cost to future generations).

And the best part is that most of that wealth is ending up (as you mentioned) on stock markets.

I see it this way: we all are creating debts to get some money for living, and majority of those money are ending up in pockets of financial giants and stock markets. However we (people) are still having debts, just we don't have money we borrowed.

ps.
To answer your technical question. Please visit: https://guides.github.com/features/mastering-markdown/
And look for section "Tables". It's quite easy and straight forward.

Yours
Piotr

Agreed @crypto.piotr!

And thank you so much for the Tables / Markdowns hacks. Great stuff and I will try to learn more in order to craft more appealing posts.

Much appreciated!