Comments by "Nigel Johnson" (@nigeljohnson9820) on "Global economic growth is slowing quicker than expected" video.

  1. Good, globalisation is evil and only serves the interest of the super rich elite.
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  2. Investment is no longer required to generate wealth. The banks can now print money out of thin air. They can lend this for a profit. The world economy is now operating in a virtual world of illusionary wealth. The nasty middle process of producing things has been replaced by asset inflation as a means of creating money. Just as satire in Douglas Adams book the hitchhiker's guide to the galaxy. The world's unit ofcurrency is based on something as in as ephemeral as the deciduous tree leaf. Come the fall we will all have a surfeit of money, unfortunately it won't be worth anything.
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  3.  @toyotaprius79  i am concentrating on the causes of wealth inequality. I make no mention of the Jews as I am not racist. Globalisation is most definitely evil. It functions by exploiting the wealth differentials that exist across he world and the natural environment that is is quickly destroying. It is based on manufacturing in poor countries with poor environmental protection laws and sell what they make in rich decadent Western countries. The bulk of the profit is kept by the super rich who facilitate the trade, which they justify by the small profit the exploited country makes, though they fail to mention the huge environmental damage done in the process and that associated with the transport of the goods across the world. In addition to this destruction to the natural world, considerable social damage is done to the middle and lower classes of the western countries involved. This see the destruction of their industrial and manufacturing base, with the associated loss of employment. This creates a debt spiral from which many western countries are now suffering, as their workers cannot compete with products made in low wage economies that do not protect their environments. The winners and the international super rich, who have no national loyalty and the bankers who make money from the debt created. The proof is all around us. In the growing wealth gap between the super rich very few and the rest of society, and in the massive damage being done to the planet in the name of increased growth. The social damage is also clear, with fewer well paid jobs in western economies, particularly in manufacturing. The misguided quest for growth and profit is reflected in the slow erosion of the value of money. Where the banks create it out of thin air (QE) and then lend it to make a profit on he interest, with the tax payers picking up the tab when the debt goes wrong. What is shown in the thumbnail of this report is the collection of self interested thieves and rogues who allow this corrupt iniquity that passed for the world economy to continue. It is a system that is built on sand, exhausting the world's limited natural resources. Sooner or later the system must collapse.
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  4.  @toyotaprius79  Tell me again how did Ronald Reagan's and Margaret Thatcher's liberalisation improve their respective countries? The US now has a massive debt and lost a significant part of its industrial base. The same happened in the UK, where everything of value was sold to foreigners.
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