QUESTION #1: I reside within the US. When the sovereign debt explodes, and I’ll “personal nothing “, does that imply that any automobile, home or property that has a mortgage on it’s going to change into the property of the financial institution and or authorities? Does it imply property that’s paid off and I maintain the title or deed will likely be taken from me and I should pay “lease” to carry on to it? Please reply by my e-mail or on certainly one of your blogs.
Thanks for all you do.
MH
QUESTION #2: Would you ever think about operating for politics? Your expertise towers over everybody on the market.
BB
ANSWER: No, I’m not fascinated about stepping into politics. I’ve at all times most well-liked to be standing backstage. If I ever stepped in entrance, they’d shortly determine a approach I may commit suicide with a distant rifle 100 yards away and you’ll wager the media will say completely!
Now insofar because the sovereign debt default, we’re governments collapsing which can take down banks that should retain reserves in authorities bonds. Klaud Schwab is a tutorial. He has ZERO real-world expertise. His concepts will collapse identical to Marx for the one factor each ignore is human nature. It price over 200 million lives for Marx to get his principle in place. Communism collapsed as a result of with out curiosity and freedom to discover, discuss, and suppose, all development of society involves an finish.
Schwab’s thought will fail as a result of the setup is totally different this time. Marxism succeeded as a result of in Russia serfdom ended solely through the 1860s. Subsequently, the frequent folks DID NOT personal something and it made sense to raid the wealthy. This time, folks personal homes and vehicles, they usually save with pensions and to assist their kids. This time the frequent folks must give up all their property so Schwab’s Marxist theories may be carried out.
It’s a entire totally different board sport this time round. Our laptop has NEVER been overwhelmed by anybody, even me. It sees the longer term as a result of it’s monitoring every thing. So whereas folks argue over what they “suppose” will occur, Socrates simply plugs away and lacks that human emotion that interferes with objectivity.
The put up Answering Questions first appeared on Armstrong Economics.
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