1,088 karma · joined August 11, 2016
As I understand it, this is largely due to the Federal Reserve signalling their intent to act as a backstop to the bond market due to the impact of COVID-19.
It seems much more sane to benchmark against the life we have and know here.
COVID-19s impact wasn't nearly unpredictable or unprecedented enough to be defined as a Black Swan imo. I did know many people both in real life and online who were concerned about it before the impact, considerably different from e.g. 2008 financial crisis.
It seems fair to say that there were many early adopters of this type of propaganda.
As regards the EUR, I wouldn't say the UK leaving is sufficient to claim "the EU is already actually starting to break up." I don't think there's serious existential threat to the EUR long term, and there are plans to move away from the dollar.
Those factors don't matter much for CNY if China can exert sufficient political pressure on its economic dependents, which it will likely attempt given the long term geopolitical payoff.
I see those as the 2 main regionalizing forces, although as they wean their populations off the dollar, other smaller currencies may follow as it loses benefits of being global reserve.
As regards providing free healthcare to anyone regardless of country, that seems next to impossible without providing the infrastructure necessary within the country they live, which would indeed be very difficult to work out. It seems like a good goal to work towards - everyone regardless of nation having access to reasonable quality healthcare.
I think it's one of the appeals of his podcast to perspective guests, although as you mentioned for some people it falls flat.
I believe the original poster in that they could be much more productive than their coworkers. However, in my experience, that has only a loose correlation with wealth, and playing the game right / nepotism take precedence for real earning.