No positive interest rates anymore means essentially borrowing money doesnt cost money therefore we can start borrowing limitless. Debts are increasing, but will not fly into endless debts due to interest. But when interest rates start to become positive again, suddenly all the debts are increasing by itself, without taking more loans. We may see collabs of economies when the central banks start using positive interest rates again. Nobody knows what this will mean, but in EU we already have more than 10 years of negative interests rates for short term debts. Now we see 10 year loans approaching zero interest rates as well. And more money flowing into the 'economy'... well, shares, governments, and rich peoples pockets.
And the light at the end of the tunnel is a train.
One that is approach us, not driving in the same direction as we are waling. Its gonna be a huge 'bang'.
I try to explain my view to people and most think I am crazy or a conspiracy theorist. It is interesting when economics is considered a conspiracy.
Many people I talk to, just dont want to believe. They dont understand that the 4th industrial revolution we are in, is gonna be life changing for humans, in relative short amount of time (decades). They say: Same they said about 1st, 2nd and 3rd industrial revolutions. General behaviour of people, dont want to think too much, and when they try, fall into the trap of taking the history to 'predict' the future. One statement they make regarding technology and automation: History shows that when we automate we take away jobs, but we also create jobs again, so no worries. They forget, in this industrial revolution we are at the start of, automation will take away jobs, whilst it will not create new jobs anymore, since AI will repair itself. But here is the problem: Many people don't understand what AI is. They don't understand what it means when we get Quantum Computing commercialy available and as small it can fit into our watch, or body. They don't understand what it means we do in bio-tech making advanced steps towards endless life (or at least extension of life with a fcator of 2 and more). Very interesting how this works. Recently, some of the people I talk with on all these topic already for as long as I know them, come back to me and say things like: "Recently watched a documentary, news items, and you are right edje, they said..."... slowely, very slowely I see people gettting similar information through other channels then my own mouth. I suppose, TV items have more value then the human word of a friend or family member :) But I'm happy the come to me with this information, since I can build on this further. Suddenly these people start believing my 'SyFy' stories, understanding my SyFy stories are more realistic then they expected before.
No positive interest rates anymore means essentially borrowing money doesnt cost money therefore we can start borrowing limitless. Debts are increasing, but will not fly into endless debts due to interest. But when interest rates start to become positive again, suddenly all the debts are increasing by itself, without taking more loans. We may see collabs of economies when the central banks start using positive interest rates again. Nobody knows what this will mean, but in EU we already have more than 10 years of negative interests rates for short term debts. Now we see 10 year loans approaching zero interest rates as well. And more money flowing into the 'economy'... well, shares, governments, and rich peoples pockets.
One that is approach us, not driving in the same direction as we are waling. Its gonna be a huge 'bang'.
Many people I talk to, just dont want to believe. They dont understand that the 4th industrial revolution we are in, is gonna be life changing for humans, in relative short amount of time (decades). They say: Same they said about 1st, 2nd and 3rd industrial revolutions. General behaviour of people, dont want to think too much, and when they try, fall into the trap of taking the history to 'predict' the future. One statement they make regarding technology and automation: History shows that when we automate we take away jobs, but we also create jobs again, so no worries. They forget, in this industrial revolution we are at the start of, automation will take away jobs, whilst it will not create new jobs anymore, since AI will repair itself. But here is the problem: Many people don't understand what AI is. They don't understand what it means when we get Quantum Computing commercialy available and as small it can fit into our watch, or body. They don't understand what it means we do in bio-tech making advanced steps towards endless life (or at least extension of life with a fcator of 2 and more). Very interesting how this works. Recently, some of the people I talk with on all these topic already for as long as I know them, come back to me and say things like: "Recently watched a documentary, news items, and you are right edje, they said..."... slowely, very slowely I see people gettting similar information through other channels then my own mouth. I suppose, TV items have more value then the human word of a friend or family member :) But I'm happy the come to me with this information, since I can build on this further. Suddenly these people start believing my 'SyFy' stories, understanding my SyFy stories are more realistic then they expected before.