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RE: We Are On Verge of The Greatest Depression In History - Jeff Berwick and Dustin Nemos

in #economy6 years ago

Great interview, thanks. In 5 years every individual will have to choose between Bitcoin-freedom or Governmentcoin-enslavement.
Some perspective from Japan where I live:
The bank of Japan publishes every month a list of all the Govmnt debt and equity they buy: http://www3.boj.or.jp/market/en/menu_etf.htm
The BOJ, a public traded company by the way, owns more than half of Japan's debt and also more than half of Japan's equity.
The BOJ stock price is around $300 with 1M stocks being issued, that means a MC of $300M. The BOJ's balance sheet is over 5 trillion USD, more than 15000 times its MC and about the same as Japan's yearly GDP.
By the way, please do not think that capitalism is an ideal system, no economic system is. Capitalism promotes the enslavement of the have-nots by the haves. In the future we should have a kind of voting system by smart contracts to protect the have-nots.