Re: OT: The Elephant in the Room

On 1/01/2025 12:36 pm, Cursitor Doom wrote:

No one wants to talk about it, or even imagine it exists to any meaningful
extent. But it surely does. And it will inevitably prove our undoing. The
day of reckoning approaches...
 https://www.zerohedge.com/markets/ever-decreasing-circles-why-worldwide-banking-ponzi-scheme-must-be-reset

This is standard Cursitor Doom fatuous alarmism. Ponzi schemes depend on a steady stream of gullible suckers, and international banking doesn't offer that.
People borrow money to invest in profitable activities, and these activities have to be profitable enough to pay the interest on the borrowed money.
Lots of debt is just the mark of a busy and profitable economy.
Japan went through a period where it over-valued it's real estate, but that does seem to have finally got sorted out.
Zero Hedge is in the business of generating fatuously alarmist stories for gormless idiots like Cursitor Doom who get an emotional thrill from reading them. They are in the same business as Barbara Cartland was - generating "true romances" to let shallow twits wet their knickers.
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Bill Sloman, Sydney