Klemen Otonicar

[Klemen Otonicar @KOtonicar]

The G7 must accept that it cannot run the world https://t.co/Z5fnJbKpon

[Klemen Otonicar @KOtonicar]

Interest on the debt on track to exceed military expenditures – Richard Mills – Ahead of the Herd. https://t.co/MwxfvHqaSf

[Klemen Otonicar @KOtonicar]

https://t.co/t7IKlWb4Fs

[Klemen Otonicar @KOtonicar]

Which emits more carbon dioxide: volcanoes or human activities? https://t.co/m0tW7JyzDo

[Klemen Otonicar @KOtonicar]

The Fed is losing its fight with inflation. That’s why it’s going to try harder. But it’s going to be ineffective. If they couldn’t beat inflation with 5%, they’re not going to beat it with 5.25%.”

[Klemen Otonicar @KOtonicar]

The global tower of debt was $210 trillion in 2010. It is $300 trillion now and projected to be $400 trillion by the end of the decade.

[Klemen Otonicar @KOtonicar]

“We should be very careful. It’s very hard to see how you recover once you let the genie out of the bottle and people lose faith in the currency.” – Warren Buffett

[Klemen Otonicar @KOtonicar]

“US banking crises are rooted in a system that rewards excessive risk-taking and short-term gains over wider system stability.”

[Klemen Otonicar @KOtonicar]

Waves of money printing have turned banks into ‘drug addicts’ reliant on cheap cash to stay afloat.

Raghuram Rajan

[Klemen Otonicar @KOtonicar]

“I don’t think other countries can destroy the dollar, but we can do it ourselves. We are our own worst enemy.”

James Rickards

[Klemen Otonicar @KOtonicar]

Hank Paulson: ‘We can never abolish financial crises. They will always happen.’

[Klemen Otonicar @KOtonicar]

The Crossroads - Broken (Official Video) https://t.co/Tm0rj6023I via @YouTube

[Klemen Otonicar @KOtonicar]

I think the only thing that you could argue was new – is the fact that the FED now sees a ‘mild recession’

[Klemen Otonicar @KOtonicar]

“Credit collapse, although terrible, is not as terrible as hyperinflation in terms of destruction wrought upon societies.” – Paul Singer, Elliott Management

[Klemen Otonicar @KOtonicar]

“Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe……”

[Klemen Otonicar @KOtonicar]

“[T]he time had come, as in all periods of speculation, when men sought not to be persuaded by the reality of things but to find excuses for escaping into the new world of fantasy.”

John Kenneth Galbraith
The Great Crash of 1929

[Klemen Otonicar @KOtonicar]

government intervention eases the pain of crises but over time lowers productivity, economic growth and living standards.

[Klemen Otonicar @KOtonicar]

Every premature success magnifies the wounds of later failure - William James Durant

[Klemen Otonicar @KOtonicar]

"hurts a wise Man no more than a change of the Moon."

[Klemen Otonicar @KOtonicar]

If we observe the empires of the world that have existed over the millennia, we see a consistent history of collapse without renewal.