The effect of the easing of Quantitive Easing will be felt on Wall Street - Pr. Steve Keen

[pele23]

This Austrialian professor is a genius in modern economics. He is opposed to the Keynesian economics, and has his own theory and predictions about the economy and capitalism.

He predicted the 2008 melt-down in 2005! So his opinions shouldn't be taken lightly.
The presentations he does are a real eyeopener, and have helped me a lot, the last few years.

This is his view on Quantitative Easing, or as some would say "Money Printing", and the effect of the easing of QE.

Watch this and be informed,

Sincerely,

Comments

[pele23]

@originalworks

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[watertoncafe]

thanks for posting this @pele23. history tends to repeat itself and we seem to be slow learners.

There is no 'nice' scenario resolution to this. The Global debt has passed the point of no viable solution. History tells us that governments will inflate the money supply which deflates the currency's value in part to make the debt easier and cheaper to repay.

Gold and silver have traditionally be the safe havens during this disruptive part of the money cycle.

good question @stevejhuggett - There is no historical precedence (yet) to predict how digital currencies will fair.

[pele23]

Indeed gold and silver will be the safe and crypto too, I think...
But if history repeats itself, gold and silver will be confiscated... let’s hope not!

[watertoncafe]

Ah yes @pele23, the real possibility of gold and silver being confiscated > here's a segment from a very thorough study of this issue >

in December, 1973 that the ODGSO issued a famous memo that every collector of gold coins issued prior to 1960 should remember even today:

The GOLD COIN STATEMENT was specific in stating that "All foreign gold coins minted 1934 through 1959, if genuine and of legal issue, are now considered to be of such recognized special value to collectors of rare and unusual coins as to warrant the issuance of a general license for their importation into the United States under section 54.20(e) of the gold regulations for numismatic purposes."

That was a wrap, for it meant that importation of coins made prior to 1960 were "rare and unusual" and thus exempt under the 1933 and 1934 Executive Orders.

A small safe harbor for those who are looking to buy and hold gold coins?!?

source > http://www.usagold.com/gildedopinion/gold-confiscation-ganz.html

[dumitriu]

This print of money will colapse economy. Because money from QE go to the banks and speculative fonds and will never return in real economy.Just 10% from printing money return in real economy.
We will see later 2018-2010 if this help economy.

[pele23]

That's in a nutshell what Steve is telling! ;-)

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This post received a 73% upvote from @morwhale team thanks to @pele23! For more information, click here! . this is @originalworks . steem @steemprice BTC

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[hdmed]

Nice to see your post and its been great getting to know you @pele23 :)

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[tanvirsadatripon]

thanks for the nice information

upvote me @tanvirsadatripon

[stevejhuggett]

Well, judging by his graphs and the fact the stock market is reaching all time highs could it be a bust in 2019.

Question is what will happen to the crypto market safe haven or worse?

Upvoted & Following :)

[pfunk]

Downvoted for supporting spammer and account thief @lovelygirl

[pele23]

@pfunk, can you please remove your downvote, I am myself a victim here.
I see "she" resteemed my post, but the upvote she promised, I didn't get. So this cost me some SBD + your downvote... I will try to warn people for this in my next post. I got scammed by @treeplanter too, this has to stop!

[pfunk]

I've removed the downvote.

[pele23]

Excuse me? I am myself the victim of the scams of @lovelygirl! I sent 2 SBD to upvote me, and have had nothing in return. I am sorry if that is already reason to downvote somebody...

[pele23]

By the way, now I know this is a scam, what can I do?

[randowhale0]

This post received a 5.17% upvote from @randowhale thanks to @pele23! To learn more, check out @randowhale 101 - Everything You Need to Know!