I love how they say "uncomfortable" when people are going to be homeless.

1.Real estate is to expensive. 2.Banks are not responsible after they SELL you a loan, the Fed has facilitated this bubble. 3. Sell you house now while you still have equity. 4. This is 25ish yr Ponzi scheme, facilitated by governments, who have brought forward growth by expanding debt. If inflation goes back to 2% it does not mean interest rates will fall they will stay at the current % Deflation is the only way out of this mess.

@NormanFinkelstein9863

Жыл бұрын

How does Deflation work in economic system (run by people who are) Addicted to Growth?

Because it is empty words it helps no one at the moment.

Should Australia go along with the soft imperialism of the U.S or be more neutral, diplomatic and restrained? Globalisation is the replication of western industries and technologies abroad, globalisation is frontrun by western corporations and elites, if your from a non western country would this be something that should be acceptable? We need to stop the demonization of countries for the sake of globalisation, we need to work with countries and not against them, we have to learn to take compomises and realize we dont have the right to invade and pillage countries for our own benefit. Globalisation the way its been pushed is wrong on many levels, we can do better. We can try different approaches to such an idea, instead of being bullies and literal psychos. Most people dont even know whats happening.

@tonywilson4713

Жыл бұрын

Your opening question is actually a really valid question and one not likely to be asked too soon on Qanda. I'm Australian but went to college in America so I have slightly more nuanced take on the whole American thing than most Australians having lived there. There is no doubt that Australia's alliance with America has brought many significant benefits, *BUT* it has also meant acting at times like a 51st state. There was a really interesting moment about a year into Trumps presidency when DFAT had to accept 2 facts. 1) Australia could not simply us the standard foreign policy of _"What does America want now?"_ which had been in place for almost 50 years because Trump was all over the place. 2) DFAT had no experience and nobody with any experience in writing foreign policy without American involvement because it hadn't bee done for over 50 years. So at the Diplomatic level Australia, thanks (🤷‍♀🤷‍♂) to Donald Trump, has gained some separation and independence from the US State Department. The problem is that Biden (and the people yanking his strings) want all that control back under their control.

@tonywilson4713

Жыл бұрын

On the demonization of other countries for the sake of globalization, I think you have that a little flipped around. I don't think they are demonising countries FOR globalization but to deconstruct globalization. America (again thanks to Trump 🤷‍♀🤷‍♂) is trying to de-globalize and that's the one policy of Trumps that Biden is running with. In fact it possible to claim, if you consider the computer chips, that Biden is even more hawkish than Trump on that subject. On China there 's a couple of interesting things that are starting to come out. Peter Zeihan talks about their demographics and its a disaster that's slowly eating the Chinese economic model. The 1 child policy was way more successful than anyone realised and it was kept in place for way to long. Those factories full of cheap labor have a problem. As the older workers retire there's not enough younger people to replace them. Its created a labor shortage and that's caused wages to rise making China less competitive. If you then add in what Biden has done on the microchip front and Chinese industry has a problem. Its really quite simple after exporting jobs fore several decades America wants those jobs back in America. Because of Trump's hawkishness that's being pursued aggressively. AND it includes dragging jobs out of Europe. Sure the yanks will still buy 1,000s of Audis, BMers, Mercs and Porsches. They'll just be made & assembled in Louisiana, Michigan, Ohio, Texas,... There'll still be some bits made in Europe but most of it will be in America. Never forget in America nothing wins elections more effectively than jobs.