X22Report: These Countries Are Trapped In A Debt Bubble Which Will Lead To A Collapse (Videos)
(N.Morgan) In this latest installment of the X22Report, today’s Guest: Alasdair Macleod about the current economic situation around the globe.
Greece could be heading towards another bailout and could possibly leave the Euro zone.
According to Mr. Macleod Greece is bust. Their economic situation is a complete collapse and the country is beyond financial hope.
The political ramifications also will effect Greece world standing.
According to Bloomberg: German Finance Minister Wolfgang Schaeuble raised the possibility that Greece may need a parallel currency alongside the euro if the country’s talks with creditors fail, people familiar with his views said.
In this next installmet of the X22Report Fabio Calvo is the special guest and the discussion revolves around the unsettled Real estate market.
The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance are answered differently by schools of economic thought.
The financial crisis of 2007–08 was related to the bursting of real estate bubbles around the world, which had begun during the 2000s.
Bubbles in housing markets are more critical than stock market bubbles. Historically, equity price busts occur on average every 13 years, lasts for 2.5 years, and result in about 4 percent loss in GDP.
Housing price busts are less frequent, but last nearly twice as long and lead to output losses that are twice as large (IMF World Economic Outlook, 2003).
A recent laboratory experimental study also shows that, compared to financial markets, real estate markets involve longer boom and bust periods.
This fianl video is presented by the SGTreport.com, with special guest Andy Hoffman to document the collapse for May, 2015.
They discuss the Fed’s fudged meeting minutes, the Big Banks latest crimes for which they’ve paid billions in fines yet no one goes to jail, the Bankster’s desire to ban cash and Mockingbird donations to the Bill and Hillary Clinton, and much more.
References:
http://en.wikipedia.org/wiki/Real_estate_bubble
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“The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time.” –Thomas Jefferson to James Madison, 1789. ME 7:457
“It is a wise rule and should be fundamental in a government disposed to cherish its credit and at the same time to restrain the use of it within the limits of its faculties, “never to borrow a dollar without laying a tax in the same instant for paying the interest annually and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith.” On such a pledge as this, sacredly observed, a government may always command, on a reasonable interest, all the lendable money of their citizens, while the necessity of an equivalent tax is a salutary warning to them and their constituents against oppressions, bankruptcy, and its inevitable consequence, revolution.” –Thomas Jefferson to John Wayles Eppes, 1813. ME 13:269
“There [is a measure] which if not taken we are undone…[It is] to cease borrowing money and to pay off the national debt. If this cannot be done without dismissing the army and putting the ships out of commission, haul them up high and dry and reduce the army to the lowest point at which it was ever established. There does not exist an engine so corruptive of the government and so demoralizing of the nation as a public debt. It will bring on us more ruin at home than all the enemies from abroad against whom this army and navy are to protect us.” –Thomas Jefferson to Nathaniel Macon, 1821. (*) FE 10:193
http://famguardian.org/Subjects/Politics/thomasjefferson/jeff1340.htm