Comments by "" (@jmitterii2) on "A Bankrupt Germany Didn't Create the Nazis - Weimar's Golden Era | Between 2 Wars | 1928 Part 1 of 1" video.

  1. 11:03 sounds kind of the same ol' today in the US to France to Italy, etc. Retail apocalypse, housing shortages because what is being built isn't affordable just the land itself is outbid because investors have consolidated and usual 1/3 to stocks, bonds, and real-estate don't build new constructions, but just buy current ones bidding up prices as developers fear holding the bag if they build and attempt to sell, small businesses especially getting hammered and on shaky ground, all soaked in debt, stock market that siphons more and more to dividends, etc. Demand for commodities reveal there is no real underlying demand. With Brazil's now 6 year collapse in commodities from energy to agriculture to manufactured goods. Even China before the COVID19 pandemic was in a long 5 year decline. Overnight repo market all autumn long in the US was frozen banks stopped lending to each other, not enough cash for all the debt, so the Fed Reserve several times last fall 2019 had to step in and lend billions, at the same time they reversed their quantitative easing selling of "assets" loans, and started buying new "assets" loans from banks to provide banks with more cash the Fed then hopes those banks will start lending again to consumers, businesses, and between other banks in the "overnight" REPO market. It's an investor/debtor fueled bubble. Anything that stops the domino or juggling act, whatever metaphor you want to use, sets the crash in play... domino cascade or juggler has all the balls crash over his head. And notice the tone of politics around the world. And watch what nations do with businesses giving them all the backstops: tax credits, lower taxes, protecting market share, providing unbid contracts, etc. they don't want whatever businesses that are profitable now to have hard time otherwise that can set the domino of default chain going crashing the entire system. COVID19 and Saudi Arabia with Russia oil dump were the needle that popped the bubble. It sucks in many nations and localities because economics for the majority of people never was becoming better; cost of living from gentrification high rents, insufficient new construction to often no construction, jobs that paid lesser and lesser, in the US and even some other nations with insurance costing more, in Europe couple the race to the bottome wage front with their lunatic austerity measures, etc. There's a reason why the generations including much of generation X to the millennial generation to the new Z generation, prospects are worse than prior generations. As if we learned nothing. Things are different. We don't have a gold standard that frustrated monetary policy, instead we have 0% and even some places negative interest rates that do that for them. Interesting rhyming of history.
    1