Prevailing financial sector “wisdom” holds that while the bond and stock markets of the US and EU are dangerously inflated following huge COVID borrowings and unprecedented central bank measures, that China is the one example of a market suita
Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds.
Recent market rumors have been telling that late 2020 or early 2021 may bring drastic and explosive changes in the world’s financial system.
The conjunction of a new oil crisis that could raise prices to $ 80 a barrel with the excessive strength of the dollar could cause an economic cyclogenesis of unpredictable results.
“It is time the nation woke up and realized that it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white collar criminals… who harm us the most.” (Harry Markopolos)
Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacy of feudalism – the landlords, bankers and monopolists extracting economic rent without producing real value