Debt Rattle December 28 2014
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DPC Cuyahoga River, Lift Bridge and Superior Avenue viaduct, Cleveland, Ohio 1912 • Pope Francis Climate Change Encyclical To Anger Deniers, US Church
[See the full post at: Debt Rattle December 28 2014]The problem in Bangladesh is NOT rising sea level (ask yourself why sea level would only rise there, but not everywhere else). The problem is subsidence. Carbon dioxide is utterly and totally irrelevant, and the article is obviously a deliberate misrepresentation (i.e. a lie told in pursuit of an agenda).
https://wn.com/dhaka_subsidence
https://archive.thedailystar.net/newDesign/news-details.php?nid=158576
https://www.bpedia.org/S_0575.phpIf anthropogenic Global warming is indeed real, its cause is chemtrails, not carbon dioxide. You need to have figured this out already – – like a year or two ago.
Time is short. Get a clue.
David Stockman does not seem to understand how fiat money works. Thus, he is “astounded that the yield on the 10-year JGB dipped to an all-time low of 0.31% in recent trading”. Japan is just proving that a government doesn’t need to sell bonds to raise money in its own currency, something Stockman can’t seem to wrap his head around. Japan will never have trouble paying back its bonds, as it can and does create money out of thin air to do this. That’s why the bond rates are so low, as people know this.
Mr. Ilargi, I humbly suggest you go beyond Steve Keen, whom I like, to read some Randall Wray or others with regard to Modern Monetary Theory (MMT). I used to read Mish, before I found MMT which explained a lot of the stuff that I never understood reading Mish (and others like Stockman), such as why Japan’s interest rates are so low.
The BOJ can buy an unlimited amount of it’s own government bonds and so could the US.
Who else can? France? Zimbabwe? Lithuania? Ukraine? South Africa? Mexico? Brazil? None of them can. Well they could but their currency would not buy anything from beyond their borders. Why? Because we, the US and its partners the worlds banking giants (https://wallstreetexaminer.com/wp-content/uploads/2014/12/primarydealers1.png) say they can’t. See Russia now.
MMT is not a monetary theory in as much as such a theory should apply with some consistency globally. Instead it is an idea about how the powerful can act. Just wait and see if Greece tries to reissue the drachma.
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