Nassim Taleb making case for deflation.

[nokia3210fuck]

You need to turn up the volume.

I can barely hear anything.

[edwardwills]

Trust me , I would love for a deinflationary Depression vs Inflationary Depression. That way I could own paper currency (US Dollar) and buy corporarte bonds.

[fntime]

@edwardwills That is not very well thought out. During deflation you would

get less paper currency. Corporate bonds would not be a good investment

during deflationary depression periods.

[pretorious700]

the government has zero ability to do anything proactive to increase employment. More government jobs are a drain on the economy, not a plus. only private capital can create real wealth.

[TheCameo86]

How would you keep the equity/cash in the economy? without creating hyperinflation.

[boogerie]

the money quote: "the us government debt is not a major part" (of overall debt).

this discussion is very general, there is no distinction between our trade deficits, corporate debt, consumer debt, housing debt. and public debt.

no wonder the interviewers are confused, first they reflexively think he's talking about government debt then one of them asks if it's just the housing market.

Finally if we're all interconnected, why is Canada, France, and Germany all coming out of recession?

[nokia3210fuck]

@boogerie

1/2

As for Germany I can tell you that because I live there.

Germany is the second largest export nation in the world.

We produce goods that are asked for in the international markets.

Cars, technology, machines.

The mp3 audio format for example is an invention of us.

We are actually producing goods.

And these goods are high technology goods which can't be produced in China so these goods ae produced in Germany and this creates jobs.

[nokia3210fuck]

@boogerie

Just look at countries who suffer the most.

Either their economy is based on banking like Great Britain or Ireland for example, or they don't produce much goods, or the goods they produce are bad so that nobody wants to buy them like American cars for example. America used to produce great cars. Now nobody wants them because they are not competitive anymore.

And America produces less and less.

More and more is produced China which creates jobs in China but not in the US.

[Scapone2001]

taleb is a genius

[sindbad4u]

hi

takel claims that even accademics and fed bankers do not understand monetary policy; hence the situation is much worse; the plane is flowns by pilots who cannot fly but pretend to do so...- get the point?

[herbs814]

in other words, the best thing for the monetary authorities to do is to reduce their grip on making centralized decisions... and to allow sovereign actors to make decentralized decisions for their own budgets. we are not all in one plane (unless government FORCES use all into one plane). we do not need one driver. the decentralization of power to numerous responsible adults reduces the risk of catastrophic error... not to mention preserves our inalienable rights to liberty and private property.

[MyImago]

Good Video:

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt. Henry Ford

[herbs814]

I believe that banking institutions are more dangerous than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and given to the people, to whom it properly belongs." Thomas Jefferson