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“I have posited that recent decades have been unique in economic history. For the first time on a global basis, there were no constraints on either the quantity or quality of Credit. History has shown Credit’s proclivity for instability. I have argued that the transformation to market-based Credit – first in the U.S. and then globally – ensured acute instability. We’ve now seen global monetary managers go to incredible extremes – zero rates, massive ongoing monetization and previously unthinkable market intervention and manipulation – desperate to keep this financial scheme from imploding.”
https://creditbubblebulletin.blogspot.ca/2015/02/store-of-value.html
Frederick Soddy on Endogenous Money & Debt-Deflation
https://monetaryrealism.com/frederick-soddy-on-endogenous-money-debt-deflation/
“Unsustainable Credit and asset Bubbles provide the existential threat. So-called “deflation” risk is a consequence of precarious “money,” Credit, securities, asset, economic and speculative Bubbles. At this point having resorted to rank monetary inflation (and with global growth dynamics alarmingly weak), Central banks have no solution. Trying to gauge how much time is left is the pressing issue for market participants.”
“The real question is why over the past thirty+ years, did the Fed have to constantly lower interest rates to ever-lower levels with each successive recession?”
The following link is to a blog post which has a chart on it which tracks (the United States) effective federal funds rate versus its total credit market debt to real gdp ratio over the last 40 years.
Please be advised the blog post contains some foul language.
https://ponziworld.blogspot.ca/2014/04/globalization-game-over-man.html
“The real question is why over the past thirty+ years, did the Fed have to constantly lower interest rates to ever-lower levels with each successive recession?”
The following link is to a blog post which has a chart on it which tracks (the United States) effective federal funds rate versus its total credit market debt to real gdp ratio over the last 40 years.
Please be advised the blog post contains some foul language.
[url]https://ponziworld.blogspot.ca/2014/04/globalization-game-over-man.html[/url]
