The Catastrophic Addiction Central Banks Have To Print Enormous Amounts of Money
Why it’s going to be so hard to embrace abundance.
Why don’t we pay money to use the air we breathe?
If air is the most valuable thing on earth, why don’t you pay for it? Because it’s abundant.
We’re living in an era of abundance creation because of technology disruption. Meaning, innovation is taking prices cheaper, almost free.
Innovation is also taking our jobs, so we need fewer jobs because robots are doing it more efficiently and costly.
Abundance is taking place. However, for the abundant system to emerge, the old system will have to collapse.
What will be the consequences, and what is happening now that we can’t clearly see this massively colossal shift from the old system to the new system?
He who is quick to borrow is slow to pay.
Accordingly to one of the most respectful hedge fund managers, Ray Dalio, there are only four ways governments can escape debt crisis:
- Austerity- spending less
- Debt defaults/restructuring
- The central bank printing money or other…
