Straight to the point - do what the great John Maynard Keynes had done to uplift USA not just from a recession, but a depression, & what the Obama Administration had done after the great financial crisis in 2018, as what our famous Asian billionaire Mr. Lee Ka Shing, from Hong Kong had done when he bent to pick up a 5cts coin from the streets while coming out of his Rolls Royce opened by his chauffeur - CIRCULATION OF MONEY.
1. After a terrifying WW1, France & England were the victors, & impose strict restrictions upon the hardworking German People through the Versailles Treaty, & gave rise to the evil Hitler. It was never just about pride, but economics strangled. When the war ended, most were relieved, but shortages were Worldwide caused by the war, resulting in inflation, that hit even USA, a self sufficient nation. Many of the rich were foreigners from Europe with investments in USA & its resources. To make up for their losses in profits, thus price increases.
John Maynard Keynes was an American. He saw what inflation had done & its consequences - Humanity hoarded money, NOT SPENDING, due to inflation, & as a result, factories closed, many were out of jobs - far worse than saving money, even by mere workers whom thought they could save a few pennies but in the bigger picture, companies could not sustain themselves, their profits & job creation, when MILLIONS of workers whom are equally consumers do such. It is MACRO-ECONOMICS that leaders MUST look at, & not just pleasing those too big to fail companies.
JMK saw the zero sum game of the big picture of savings, & then proposed to leaders to spend instead, to CIRCULATE money. Once money is circulated, it will enrich all who had a mere touch of it through employment & profits, & grow the economy. It had to start with the govt first - infrastructure improvements, education, health care, etc, & the rest is history of USA success.
2. In the great financial crisis in 2018 that then Prez Obama inherited, it was another nightmare - Wall street was down, Banks in doubt by Americans. However, being the reserved dollar of the World, & highly trusted by Humanity, & backed up by its military might, self sufficiency in resources, democracy & the Rule of Law, most poured savings into the safe treasury bonds, which allowed the Obama Administration to obtain funds to CIRCULATE money not just into USA through its numerous projects, but to World. The rest is history.
3. HK billionaire Mr Lee Ka Shing was once noticed to be picking up a mere 5cts from the street. Many decried his miserliness, but he explained that the 5cts in the street would do no one good if left discarded. However, if it was combined with another few cents, it would buy a cup of coffee, bringing relief to the coffee drinker, to the coffee boy employed, to the coffee shop owner, to the landlord, to the coffee makers, to the ports shipping coffee enbulk, to the govts revenue in taxes. The point he made is about CIRCULATION of money, just as JMK did.
Humanity DO have the ACES on hand to win & overcome difficulties. In terms of climate change, the ace card is called ADAPTATION. In terms of inflation & starving off recession is ALTERNATIVE goods. Rather than to rely on long held dependency of importers or suppliers, the moment when price increases or there are shortages, biz entities & govts MUST be nimble enough to source for ALTERNATIVE suppliers. There are 194 other nations on Earth, that are fully capable of being suppliers if given the chance.
Example - Americans had been used to the cheap & often inferior products from China. As China is under sanctioned now, Americans need not fear, because what China produces, OTHER nations on Earth can do the same & may be even cheaper on the same standard of quality that they want - eg- Vietnam, Malaysia, Indonesia, & parts of Africa that sought for a chance to enter USA consumer markets.
With such ALTERNATIVES, they need not rely on often expensive & hi-quality products from Europe or be held ransomed by others, so spending/ CIRCULATION of money will flow. With it, supply chains will be bouyed with purchases, to continue biz, so as companies with strategic thinking, not just mere profits ideology, will survive, including even banks.
The keyword is CIRCULATION of money, ( to prevent inflation & later recession,) on worthwhile purchases & not throwing money away for useless products or services.
1. After a terrifying WW1, France & England were the victors, & impose strict restrictions upon the hardworking German People through the Versailles Treaty, & gave rise to the evil Hitler. It was never just about pride, but economics strangled. When the war ended, most were relieved, but shortages were Worldwide caused by the war, resulting in inflation, that hit even USA, a self sufficient nation. Many of the rich were foreigners from Europe with investments in USA & its resources. To make up for their losses in profits, thus price increases.
John Maynard Keynes was an American. He saw what inflation had done & its consequences - Humanity hoarded money, NOT SPENDING, due to inflation, & as a result, factories closed, many were out of jobs - far worse than saving money, even by mere workers whom thought they could save a few pennies but in the bigger picture, companies could not sustain themselves, their profits & job creation, when MILLIONS of workers whom are equally consumers do such. It is MACRO-ECONOMICS that leaders MUST look at, & not just pleasing those too big to fail companies.
JMK saw the zero sum game of the big picture of savings, & then proposed to leaders to spend instead, to CIRCULATE money. Once money is circulated, it will enrich all who had a mere touch of it through employment & profits, & grow the economy. It had to start with the govt first - infrastructure improvements, education, health care, etc, & the rest is history of USA success.
2. In the great financial crisis in 2018 that then Prez Obama inherited, it was another nightmare - Wall street was down, Banks in doubt by Americans. However, being the reserved dollar of the World, & highly trusted by Humanity, & backed up by its military might, self sufficiency in resources, democracy & the Rule of Law, most poured savings into the safe treasury bonds, which allowed the Obama Administration to obtain funds to CIRCULATE money not just into USA through its numerous projects, but to World. The rest is history.
3. HK billionaire Mr Lee Ka Shing was once noticed to be picking up a mere 5cts from the street. Many decried his miserliness, but he explained that the 5cts in the street would do no one good if left discarded. However, if it was combined with another few cents, it would buy a cup of coffee, bringing relief to the coffee drinker, to the coffee boy employed, to the coffee shop owner, to the landlord, to the coffee makers, to the ports shipping coffee enbulk, to the govts revenue in taxes. The point he made is about CIRCULATION of money, just as JMK did.
Humanity DO have the ACES on hand to win & overcome difficulties. In terms of climate change, the ace card is called ADAPTATION. In terms of inflation & starving off recession is ALTERNATIVE goods. Rather than to rely on long held dependency of importers or suppliers, the moment when price increases or there are shortages, biz entities & govts MUST be nimble enough to source for ALTERNATIVE suppliers. There are 194 other nations on Earth, that are fully capable of being suppliers if given the chance.
Example - Americans had been used to the cheap & often inferior products from China. As China is under sanctioned now, Americans need not fear, because what China produces, OTHER nations on Earth can do the same & may be even cheaper on the same standard of quality that they want - eg- Vietnam, Malaysia, Indonesia, & parts of Africa that sought for a chance to enter USA consumer markets.
With such ALTERNATIVES, they need not rely on often expensive & hi-quality products from Europe or be held ransomed by others, so spending/ CIRCULATION of money will flow. With it, supply chains will be bouyed with purchases, to continue biz, so as companies with strategic thinking, not just mere profits ideology, will survive, including even banks.
The keyword is CIRCULATION of money, ( to prevent inflation & later recession,) on worthwhile purchases & not throwing money away for useless products or services.
