Critical Mass-Definition #1. An amount of material (such as plutonium) that is large enough to allow a nuclear reaction to occur.
Definition #2: The size, number, or amount of something that is needed to cause a particular result.
The media has used the term 'Lehman Event' when discussing the concept. Lehman event is far from descriptive and thus falls short for what will be so vitally important in the years to come. The term systemic is also used, and while this more accurately describes a self-perpetuating default it is usually used to describe general risk rather than a single event.
Most of my readers already fully understand this concept, but for more information read the full post here.
Manipulative policy makers and economists were successful in changing the term inflation to mean price increases instead of increases in the money supply. They replaced the more descriptive term panic, that would result from credit expansion, booms, and busts, with recession and depression. They change definitions and use perplexing terms and phrases to confuse the public. When a default sets off a chain reaction that reverberates throughout the economy, bringing it to its knees, the phrase used to describe it needs to be crystal clear. Critical mass default fits the bill perfectly.
Venezuela, Deutsche Bank, and the shale oil drilling industry as a whole are currently good candidates for a critical mass default.
Noted July 2015 !! That's the problem. Theory is correct. "When" is unknown. Answer, GOLD /SILVER
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the system is government cant afford to spend more than 2% of its budget on interest payments, so limit bonds to only recieve 2% of gov budget not some interest rate, get 0% asset backed loans for big projects where it will pay you back overtime in a toll or some tax and as it pays you back you pay back the loan and destroy the money and lastly to fund any short falls, borrowing tax credits, if banks can lend ten times what they own, why cant we lend the government ten times what we are going to pay them in tax this year and get a tax discount for the period we let the gov borrow our future earnings, i.e. 10 year loan 50% of you earnings for 10 years you loose 50% of your income, but that all gets given back with a tax deduction after the term, leaving you less tax and the government with cheaper finance.
ReplyDeleteRepliche orologi italia ha sempre fornito il perfetto equilibrio tra complessità e spirito marino. Nella nuova serie, alcune delle funzionalità più popolari vengono migliorate o abilmente trasformate per rendere repliche omega orologi repliche cartier orologi . Sono state apportate anche modifiche interne.
ReplyDeleteAlthough, mainstreaming a financial press has failed to properly inform and educate the public but this critical review can be brought great change in it. We should be hopeful that people realize its importance after getting proper awareness about it. Therefore, we should not stop here to educate people. dissertation proposal writing service
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