Zero Hedge: Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself…
The world economy is a mess. The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst.
We seem condemned to volatile commodity prices, wild capital flows, worsening imbalances in trade, taxation and income, and—before long—the next sovereign debt crisis.
And then there’s inequality. During lockdown, the total wealth of billionaires rose by $5 trillion to $13 trillion in 12 months, the most dramatic surge ever registered on the annual Forbes billionaire list. Read More …
Opinion: There is no better definition of “do not harm the oil and wine” (Rev. 6:5) than that last paragraph.
Quantitative easing, money printing, expands the money supply and reduces the value of money in circulation. When all that newly printed money makes its way into the economy it drives asset prices, stocks, bonds and commodities and real estate, higher.
It does not take an economist to see the end result: the rich, symbolized by oil and wine, get much richer.
From the article:
Where do such riches come from? Compared to before the pandemic, there’s less real economic activity: we are collectively poorer. And yet within a year of the great panic of March 2020, many asset prices were surging. Wall Street and the City of London are again awash with liquidity—and in a speculative mood.
Now the problem. What began in 2009-13 as a means to buy up the toxic mortgage bonds that cause the great recession, is now the means by which every financial crisis is solved.
- Slowing economy – print
- Pandemic – print
- Helicopter money – print
The world is addicted, and with total global debt at 281 trillion, the prophetic outcome is hyperinflation caused by the sudden collapse of the US dollar, the euro, or both.
When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”
See our paper: “The 1% and Revelation: Do not harm the Oil and Wine HERE