We Have Been In A Depression And Nobody Is Talking About It
Since the Great Financial Crisis, we have been operating under depressionary economics. This is something that is not talked about because NBER and central bankers talk a different game. However, when we look at the monetary -non-equilibrium along with the spread into banking, we can see how this is the case.
In this video I discuss things that are no usually talked about because few look at the system at this level. Even Ben Bernanke, the Great Depression scholar knew this although Bernanke the bureaucrat ignored it completely.
▶️ 3Speak
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I've been calling it a depression for a year now! Only thing that has kept the world economy running is the Ukraine war and the debt they are racking up...
The loans by the international banking cartel. The loss of 10% of the world's economy has been a big blow after cutting out Russia.
Few days ago i have been ranting about my depression and how the pressure was about getting the best of my then I remember that there was a time I had absolutely nothing not even hive to rant my mind and thoughts then I found a new strength 💪 to keep pushing
I am also nearly in depression. But not because of financial reasons. I intentionally not talk about it. Most people would not understand it. I am in this emotional state since I lost my male barbary falcon in Spain. I try to enjoy the life (currently in Hungary), but I do not have true happiness since then.
Hi, I don't like the depressed economy, nice video, take my like.👍👍👍
I was reading something the other day and it says, there will be no great depression again because we will always be in one and it will be a new normal.
Well, that's exactly what it is, and much worse is coming!
Summary:
In this video, the speaker delves into the concept of depressionary economic conditions and asserts that the global economy has been in a depression for the past 15 years. The discussion revolves around Milton Freeman's interest rate fallacy, where low interest rates are viewed as a shortage of money rather than indicating easy money. The speaker explains how interest rates are tied to the anticipated return from the economy and discusses the impact of depressionary economics on borrowing, investments, and banking. Additionally, there is a critical analysis of the actions taken by central banks, particularly focusing on Ben Bernanke's perspectives and the handling of the financial crisis in 2008.
Detailed Article:
The video begins with the speaker introducing the topic of depressionary economic conditions that the global economy has been experiencing for the past 15 years. He references Milton Freeman's interest rate fallacy, which challenges the conventional belief that low interest rates signify easy money. According to Freeman and Ben Bernanke, low interest rates during depressionary periods indicate a shortage of money rather than an abundance.
The discussion delves into the relationship between interest rates, borrowing behavior, and the overall health of the economy. In prosperous times, businesses are willing to borrow at higher rates due to the anticipation of significant returns on investments. However, in depressionary economics where returns are uncertain, borrowing becomes less appealing, leading to a shift towards safe and liquid assets.
The speaker emphasizes the importance of understanding the role of central banks, particularly highlighting Ben Bernanke's stance on monetary equilibrium and the banking system's interplay with the monetary situation. The video provides historical context by examining the 1930s Great Depression and the 2008 financial crisis to illustrate the impact of monetary non-equilibrium on banking stability.
Furthermore, there is a critique of the actions taken by central banks post-2008, with a focus on the Federal Reserve's monetary policy and quantitative easing measures. The speaker highlights discrepancies between official narratives of economic recovery and the underlying monetary challenges that persist, leading to a prolonged period of deflationary money.
The video concludes with a call to the audience to explore Milton Freeman's interest rate fallacy and Ben Bernanke's research to gain a deeper understanding of the complexities within the global economic system. The speaker challenges the notion that central bank interventions have fully resolved the underlying structural issues and suggests that a more critical analysis of economic policies is necessary.
Throughout the video, the speaker articulately navigates complex economic theories and historical precedents to shed light on the ongoing challenges within the global economy. By examining the nuances of interest rates, borrowing patterns, and central bank actions, the speaker provides a thought-provoking analysis of depressionary economic conditions and the implications for future economic stability.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.