Important links

Financial Repression:

 

Inflationary forces:

Deflationary forces:

  • “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises (Austrian School of Economics).

Debt Trap

  • Nouriel Roubini  22/Sept/21

    • "(Bloomberg) -- Nouriel Roubini -- renowned for foreseeing the mortgage collapse that helped produce the 2008 financial crisis -- said the post-pandemic world seems to be heading toward a repeat.

    • My concern is that we are in a debt trap,” Roubini, chairman and chief executive officer of Roubini Macro Associates

  • We are in a debt super cycle,” he said. “And eventually, central banks are in a trap. People said they are going to normalize policy rates, but with these levels of private and public debt, if they were trying to do that, there will be a market crash, an economic crash, and therefore, I think the path of least resistance is going to be to wipe out the real value of nominal debt at fixed-interest rates with higher inflation.”  https://finance.yahoo.com/news/roubini-says-dr-realist-warning-141111449.html  

What the future holds.