Black Thursday, Again

24/03/2024 16 min

Listen "Black Thursday, Again"

Episode Synopsis

Black Thursday Again!
This is a sad memory that unfortunally is back in our real economy. The colapse of the economical system, is near since after the crisis of 2008, the answer of the politicians, was just to use the Savings to make people Kind of happy. Trillions of USD and Euros just given to Banks, insurances, electrical companies, etc. They never used the money to promote a new order, where people can have credits to open their own Business, or to invest in the existent ones, with better developments and Technologies.Where the state reduces the taxes to their local Production, to make it competitive in their national and foreign economy. To request the companies to invest in the human resources, with capacitation courses organised by theirselves (Companies) giving the chance to Upgrade their current position. What they did is to think that China with their low prices, and all their Technologies, they can copy from the Occidental companies that are located and producing in their territory (China) will be a solution for the liberal market.  This was an innocent behaviour, as was to accept the Yuan, a currency without international regulations to directly exchance for Euros and USD. For Europe it will be a dark period. For the USA, that since last month can’t have Petrodollars, the printing of money, or how was working american economy since more that 40 years given credits to the people to just buy and buy will be an old memory.
@oscarbellina