For the economists and financial gurus:
What happens when the USA cannot print USD fast enough to pay off the interest on the $23 trillion debt that they have?
The whole world seems to be directly or indirectly linked to the USD.
Will we have the Mother of all Recessions?
Fall of Capitalism?
Should we all be investing in tangible assets, like Gold and Land, rather than the Hocus Pocus paper investments?
Back to bartering as a trade tool?
Just asking
Capitalism needs constant growth. Can it grow indefinitely? Do we not need an occasional recession to "re-set"?
If a Recession is held back, then do we not have a massive economic bubble growing?
Is US debt acquisition sustainable and what happens when it all implodes?
Are we all living a lie?
Let me respond with the wise words of MI. Tugan-Baranovsky (pdf), the teacher of N.Kondratieff: Capitalism can die no natural death, because it is a human-made system, i.e. it is highly capable of adaptation and learning. Only human thought and will can, therefore, end capitalism; this depends on the elaboration of a next generation economic system, which could better 'control' economic conjunctures.
Thanks for this comment.
I am interested in the 'Next-gen' economic system
Today capitalism generate more problems than solutions. But, next generation economic system is not yet ready.
Some days, Capitalism just looks like a huge Ponzi scheme to me- it depends on 'growth' [ new investors drawn by promises of riches] to feed the shareholders that previously invested.
Is it all just smoke and mirrors? A fool's paradise?
[Not that Socialism offers much more...]
Dear Friends and Colleagues of RG,
If the state did not launch anti-crisis programs of state intervention in the situation of the emerging largest global financial and economic crises, such as during the global financial crisis of 2008, the scale of negative economic and financial aspects of such crises would be much larger. Then it could lead to institutional, political and organizational crisis, lack of citizens' confidence in financial institutions and institutions, money would lose its economic functions, a deepened multifaceted crisis of developed economies would emerge and there would be a risk of collapse of the capitalist system.
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