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I see some UN "economic experts" are predicting a global economic reset.
Posted on 4/5/20 at 6:36 pm
Posted on 4/5/20 at 6:36 pm
Honestly, I never considered the UN having much notoriety or credibility as economic experts. So I'm watching Fox News before Trump takes the mike and on the crawl there's a report that says the UN is claiming debt is unsustainable (I'm guessing they're referring to global debt) and there is a real possibility of a global economic reset. I guess a global economic reset is possible if the US and other major economies stay at 50% of their previous output for another 3-4 months but I think Trump's not going that route. I believe Trump is going to ramp up the economy in the next 4-6 weeks. What say you?
16
Posted on 4/5/20 at 6:37 pm to Bass Tiger
What does that even mean?
Posted on 4/5/20 at 6:38 pm to Bass Tiger
I think Trump is in favor of an economic reset.
Posted on 4/5/20 at 6:38 pm to Bass Tiger
China back to grass huts?
Posted on 4/5/20 at 6:41 pm to Tiguar
quote:
What does that even mean?
I'm not sure myself.....maybe they think a new normal where all assets and major currencies are revalued? I wonder if they're thinking the global economic output that is being lost from the COVID19 virus can't be compensated for by printing money? IDK.....these UN people are experts.
Posted on 4/5/20 at 6:45 pm to Bass Tiger
That’s a meaningless phrase.
No major government has the balls to go back to a gold standard, or have a currency backed by an asset, or better yet a crypto.
That is only one way to escape this fiat debt cycle,
And again; it’ll never happen.
No major government has the balls to go back to a gold standard, or have a currency backed by an asset, or better yet a crypto.
That is only one way to escape this fiat debt cycle,
And again; it’ll never happen.
Posted on 4/5/20 at 6:46 pm to Bass Tiger
(no message)
This post was edited on 2/2/21 at 7:08 am
Posted on 4/5/20 at 6:47 pm to TeLeFaWx
quote:
That’s a meaningless phrase. No major government has the balls to go back to a gold standard, or have a currency backed by an asset, or better yet a crypto. That is only one way to escape this fiat debt cycle, And again; it’ll never happen.
Yeah, I don't know if these UN economic experts are calling for a gold standard.
Posted on 4/5/20 at 6:52 pm to Bulldogblitz
I LMFAO!
Posted on 4/5/20 at 7:26 pm to Bass Tiger
keep us posted on when you've read and dissected their report, OP 
Posted on 4/5/20 at 7:28 pm to Bulldogblitz
quote:
China back to grass huts?
I'm pretty sure a lot of them never left.
Posted on 4/5/20 at 7:37 pm to BuckyCheese
The EU is in for some SERIOUS stuff....
countries leaving EU are going into high gear and then they will create their own central banks.
The reaction in the US is going to create an overwhelming push to bring back manufacturing from China.
Now, this might end up in Mexico, maybe S.America, Maybe some in US.
But, it will be fleeing China more than the last two years.
CCP is going to collapse from within, only matter of time . There will be fallout from that aswell.
countries leaving EU are going into high gear and then they will create their own central banks.
The reaction in the US is going to create an overwhelming push to bring back manufacturing from China.
Now, this might end up in Mexico, maybe S.America, Maybe some in US.
But, it will be fleeing China more than the last two years.
CCP is going to collapse from within, only matter of time . There will be fallout from that aswell.
Posted on 4/5/20 at 7:40 pm to Bass Tiger
Yea, a lot of economies could reset if the UN would shut its doors ! Trump and his real estate son-in-law could buy the building and make an hotel out of it !!!!
Posted on 4/5/20 at 7:46 pm to Bass Tiger
Weird. It’s like they almost knew what was coming.
Posted on 4/5/20 at 7:47 pm to Bass Tiger
quote:
Yeah, I don't know if these UN economic experts are calling for a gold standard.
No, they want a global currency. Which will be followed by the Mark of the Beast.
Posted on 4/5/20 at 7:47 pm to Bass Tiger
The US economy, in its own right, is extremely stable and is in little to no risk of imploding from the inside. The only concern is what happens if the Italys, Spains, and Portugals of the world all go bust at the same time, it’ll knock a huge chunk of demand out of American markets and really hit us hard. Hopefully not enough for a “complete reset”, but certainly enough to cause pain.
Posted on 4/5/20 at 7:49 pm to Bass Tiger
I'm assuming it means they'll argue for different countries to "forgive" debt to others, basically debt owned buying out debt owed.
Posted on 4/5/20 at 7:53 pm to Bulldogblitz
quote:
China back to grass huts?
Well, they are much sturdier than their concrete buildings.
Posted on 4/5/20 at 7:56 pm to Bass Tiger
does this mean our China debt is erased? cuz it should
Posted on 4/5/20 at 8:01 pm to Choctaw
quote:
does this mean our China debt is erased? cuz it should
I think this has been the game plan all along. It's obvious Trump is attempting to throw as much blame towards China as possible, and especially if the larger multinational types come out against them.
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