Hermann Lueer

Great Depression 2.0 Hermann Lueer

Government rescue programs for bad loans are designed to prevent a credit crunch. Worldwide debt is rising to many times the annual economic output. To stabilize the global financial system, central banks are buying government and corporate bonds on an ever-increasing scale. Negative interest rates are intended to revive the economy. "Helicopter Money" - the printing and distribution of money are being discussed as a solution. Is the capitalist financial system on the verge of collapse? Are we experiencing a new Great Depression? What exactly is a Great Depression? Why can too much wealth in the form of overcapacity become the cause of mass impoverishment?