How the economic machine works in 30 minutes. The economy works like a simple machine, but many people don't understand it or they don't agree on how it works. And this has led to a lot of needless economic suffering.I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and to sidestep the global financial crisis and it has worked well for me for over 30 years. Let's begin.Though the economy might seem complex, it ...

Economic Analysis - China's debt from funding innovation is considered vast and unsustainable [1] - Government support for new technologies may need to be reduced [1]

Societal Faith & Control - American institutions (media, medical, judicial) have lost public faith, potentially leading to instability [1] - The illusion of "The American Dream" (promise of wealth) is crucial for maintaining social order [1] - Endless debt creation ("money printer brrrrr") is used to control the population and defer problems [1][2] Economic & Social Stratification - Ambitious, high-energy individuals are controlled by the opportunity to become wealthy, preventing revolution [2] - Low-energy, non-ambitious individuals are considered unimportant and are left to struggle [2] - The current system relies on passing the debt burden to future generations [2] Economic System Analysis - "Growth" and "GDP" are based on debt [1] - The economic system distributes money to the most innovative individuals [1]

Senegalese lawmakers, economists and civil groups called for an audit to determine whether $7 billion in previously unreported debt should be canceled. https://t.co/QKa1FGYbOU ...

It's mindboggling that these Republicans are sitting back. If Bill Clinton or George W. Bush when I was there had said, "Hey, this is what we're going to do. We're going to sue law firms that we don't like and we're going to make them pay us a tribute. We're going to sue schools that we don't like and we're going to make them pay us a tribute." And and by the way, they're going to have to teach their students in classrooms what we want them to teach.And more importantly, the things that we find offensive, w ...

💥BREAKING:🇺🇸 U.S. TREASURY JUST BOUGHT BACK $4 BILLION OF ITS OWN DEBT, ONE OF THE LARGEST TREASURY BUYBACKS IN HISTORY 🤯 https://t.co/5DIRHDcPBr ...

Dispute Resolution - Singapore will launch an arbitration framework for restructuring, debt and insolvency disputes [1] - The framework offers businesses and creditors an alternative to traditional court processes [1]

Overview of Mezzanine Financing - Mezzanine financing is a hybrid of debt and equity [1] - It provides flexible terms [1] - It includes conversion rights in case of defaults [1] Applications of Mezzanine Financing - Used for growth projects [1] - Used for acquisitions [1]

Senegal's Economic Situation - Senegal faces a significant challenge with $7 billion in debt that went undetected for nearly five years [2] - Debt to GDP ratio has exceeded 100%, and the budget deficit has increased [3] - The IMF seeks guarantees that the financial irregularities will not recur [4] IMF Intervention and Conditions - The IMF has disbursed $700 million of a $18 billion program, with further disbursements contingent on conversations [6] - The IMF aims to reduce Senegal's debt to GDP ratio to 50% [5] - The IMF recommends eliminating subsidies, especially on fuel and power [10] Potential Solutions and Challenges - Senegal needs to raise $5 to $10 billion, which cannot be sourced domestically [7] - Without an IMF program, international partners are hesitant to provide financial assistance [8] - Senegal is considering renegotiating oil and gas contracts, import taxes, and taxes on SMEs [9] - Austerity measures and tax increases may face resistance from the population [9][10]

African governments must end corruption and illicit capital flows that cost the continent more than $580 billion annually if they’re to deal with a debt pile that’s approaching $2 trillion, according to the head of the African Development Bank https://t.co/goshERGOQ5 ...