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  • Most things in recent months are driven by debt.
    Goverments of developed countries and big corporations consume big amounts of money.
    And to be afloat you need new investors, existing ones must bring more and you also need very low yield on existing debt. Fear made by mass media are also good weapon.

    Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.

    While that helps governments issue more and more debt, the strategy could ultimately explode if the governments are unable to make the bond payments, leaving the banks with billions of toxic debt, says Citigroup strategist Hans Lorenzen.


  • 3 Replies sorted by
  • Making more money by just lending it to someone else is not a viable system any more. In a world with more and more machines producing values instead of people and limited natural resources like metals or energy, the whole system is going to come to a grinding halt. You can't exploit machines like workers have been exploited and you can't exploit natural resources forever without running against diminishing returns.

    The question is: will humanity find another way without massive killings?

  • @nomad

    That's the question. How fast and how violent.

  • @nomad

    Thing is that all this debts, despite being main driver are just indicator of the problems.

    Problems with resources, managment, knowledge, people, trade, globalization, wealth distribution and bunch of others.