Completely sustainable

Are most of those stocks and toxic mortgages ?

Worse than that, user. They're regular old investments without any weird scam shit. Not looking good.

That chart is pretty fucking interesting.

if you understand that gold is the only way to accurately measure price over time because it is the only substance that does not change with time you will never be poor

in about two years that will change to nano

Its hilarious how people who know nothing about economics think automatically gold is going to moon, as if during an economic meltdown everyone is going to have loads of money to buy functionless metal and drive up the price from already absurdly high levels.

>that does not change with time
but gold mining?

gold readjusts AFTER the meltdown
u gotta survive the meltdown
(don't tell anyone this is a secret)

all material degrades relative to gold so it is by definition the value datum and therefore the only thing that can accurately measure price over time

produces more of a substance that doesn't change with time?
gold is a good hold of value because it doesn't deteriorate and has universal high demand, which is buoyed in modern times by the need for the material with the best conductance as well.

The old "used in industry" meme.

Can you be more specific? You mean gold doesn't fall until after the market has finished crashing?

Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face to face with the stark reality that IF the ECB stops buying government bonds, there will be NO BID at these price levels. Interest rates will skyrocket dramatically. On the German 10-year bond, once we see a monthly closing above .79, we are looking at a DOUBLING of rates and that is in Germany. Once rates rise above 1.55, then expect it to rapidly DOUBLE again.

Consequently, Mario Draghi has been warned there is a serious problem. He told the Economic and Monetary Affairs Committee of the European Parliament that he would maintain a very loose monetary policy because it was necessary despite the upturn in the euro area. He said that INFLATION remains critically dependent on a strong push using monetary policy. Of course, you would assume that after 10 years of this policy and there is no sign of a major return of inflation, that you would start to question the entire Quantity of Money Theory.

Draghi said Monday that he will continue to include the billion-dollar bond purchase program and he will reinvest expiring bonds exactly OPPOSITE of the policy at the Federal Reserve. While the dollar-bears keep calling for the end of the Greenback, they are deaf, dumb and blind when it comes to international capital flows or monetary policy outside the USA.

Draghi realizes that he is subsidizing the European governments. He is not stimulating the economy, he simply has them on life-support. Stopping the bond program will lead to a major crisis when there is NO BID for government bonds. Not only will Draghi keep buying government debt, he will be repurchasing debt that has expired. He will not reduce the balance sheet as the Federal Reserve is doing.

Draghi has created the economic NIGHTMARE from which there is no escape.