How is it possible that only 15 k people have watched this one of the most brilliant minds today thank you Russel Napier for sharing your wisdom more people need to see this
Impending transfer of wealth from savers to debtors - democracies have always voted for it ! Thanks Russell Big Capex Cycle against a backdrop of Financial Repression!!!
The means of production belongs to everyone. The red army shall take all capital from the greedy middle and upper class so that the perfect society that exists with NO CLASSES NO R ACES NO GENDERS NO RACES NO HIERARCHY. We will abolish the patriarchal family. Children will be raised by society instead of the sexist family structure. All animal products will be banned. The police will be banned. Private and personal property will be abolished. And there shall be peace.
His observations and predictions sound more like the rapid death of capitalism, with the death of the euro as a minor side effect. The question then becomes, will the transformation be toward mere fascism or outright communism? And will safe, grey stagnation hold its appeal for those in its grip or will they eventually break out into freedom of action again? I hope that the incompetence and criminality of the Western ruling class incite the people to overthrow them decisively--the sooner the better, regardless of near term economic costs.
So, according to Russell, will there be a day when EU countries go back to their own currencies, or will they just introduce and keep capital controls?
Tony B 1 second ago The BOE announces yield-curve control: September 27th 2022 Money is dead And CBDcurrencies would enforce capital control. Another productive technology would be hydrogen fuel cells. They would require natural gas and rare earth metals like magnesium.
For those interested here is JT’s channel ; ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-U_A4wUXlVAM.html you will find lots of interesting videos on the Fed etc…cheers, best regards
I find Russell annoyingly correct. When this man speaks you better listen! The only criticism i would give is that sometimes he doesn't explain where he has some macro statements from. He doesn't go into the details of the data. This is a general criticism not of this video.
to give EVEN more power to Central Banks to direct deal with cronies. And prevent French CBDC euros from reaching Germany and vice versa. Keep the illusion of business as usual.
He seems to think money is 'created' either by central banks or governments. Er.... NO! Money is 'created' where people want to exchange. So anywhere there is growth (read innovation) you will find money 'created'. It's a total fallacy that central banks or governments actually control the money supply.
I am not an expert - but it is generally assumed as he says. I recently started watching an interview from a researcher, that said an important factor is ignored in this equation… do you have references for what you commented? I am interested in more information on what you wrote…
