Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Brazil is COLLAPSING and it's Spreading to the Rest of the World" video.

  1. And why not, when the banks are still not investing in the real economy? They're Debt-farming for speculation instead of productive investment,pretendinh everything's fine now despite passing on the burden onto taxpayers for their bailout, and impoverishing everyone but themselves? The global financial system was broken in 2008 because the banks and the securitisation industry were too greedy and too corrupt. And the whole global economy has been stagnating and more subject to crashes and volatility ever since, because speculation is quicker and easier, even though it does little for the real economy. And the pandemic just put the frosting on that cake. The only thing that has grown are asset bubbles. So the global economy is a basket case, because the financial sector is far too big, and too unstable to be effective, and it's producing wealth disparities that are undermining national economirs. A little history of finance would tell you how this ends. It doesn't end well. It never has. The irony is we are experiencing the same failures that contributed to the end of the Greek and Roman empires, and for the same reasons. And their financial systems were run in the same way as ours, the only difference being is technology allowed a global financial system to emerge to be rotten from the inside instead of regional ones.
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  2. The dollar keeps going up in price though. Explain that, genius bot.
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  3. Yeah, that doesn't make sense though does it? That's like saying a centimetre shrinks when compared to an inch. It doesn't. The inch is an inch and a centre metre is a centimetre. Markets are based on trust. Money is based on trust. But not all people are trustworthy. That's why, like it or not, the cleanest dirty shirt in the laundry basket is still better than the dirtier ones, even though all of them need a good scrub.
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  4. Jeff is already right, but the truth is not always gentle is it? I mean before 2008,nobody minded that the Eurodollar existed, because everybody liked cheap money, and the Eurodollar market provided cheaper USD financing. This is why ordinary people don't have a dog in this fight. The Dogs are just fighting over who should rule the scraps left after their prey has been mostly consumed. Nobody minded globalisation along as they could profit from it, and buy their gold toilets and super yachts. But as the Eurodollar system is broken, now the hyenas fight amongst themselves... Jeff is just telling everyone in these videos why economies no longer work for the workers. And why people are fighting over scraps. The real question is where and how will it end? Will there be another global capital market as efficient or effective as the Eurocurrency Markets? Or will the socially-motivated financial deception carry on? Or will it collapse? Who knows? Humans are pretty good at magical thinking. But history tells us nothing lasts for ever. And no-one is immune to that.
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  5. So but this is just AI generated filler. This is not business history. This is financial, economic and political history in the making. All throughout economic history, which is far better known than financial history, trade has need to be financed. Transporting commodities takes time effort, and money. So this crisis is about money, not business. Specifically about how global trade is financed. And international money has become more complex as trade has expanded with the assistance of technology to span the world. And that has not been a smooth or easy path, because the desire for wealth and power creates distrust, and money is trust-based. The Eurodollar system evolved to meet a financial need, but as history shows us, banks fail because of human failings both the bankers and their customers. And states often cannot prevent that happening. Folly is part of the human condition. And until an alternative can be found to replace the Eurocurrency markets, the world is stuck with them. And it doesn't matter which national currency is involved. John Maynard Keynes proposed the Bancor, a non-sovereign international currency after World War II as a means to prevent future currency-based rivalry. It's a shame that his scheme was never taken up. If it had been, perhaps there would have been no need for Eurocurrency, because nobody would control the Bancor. And perhaps the world would have been better off.
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