Anonymous ID: 8fa3f5 May 12, 2022, 6:14 p.m. No.16264042   🗄️.is 🔗kun

>>16263901

hmmm, was just doing some reading on austerity and this is a part of it.

I was specifically looking at the movement in germany.

I've been leaning towards this as being crept in under the guise of minimalism. Will smith's kids are in a clothing ad, maybe levi's, maybe cotton…tthe add it about buying quality over quantity/trends.

 

Austerity measures are typically pursued if there is a threat that a government cannot honour its debt obligations. This may occur when a government has borrowed in currencies that it has no right to issue, for example a South American country that borrows in US Dollars. It may also occur if a country uses the currency of an independent central bank that is legally restricted from buying government debt, for example in the Eurozone.

 

In such a situation, banks and investors may lose confidence in a government's ability or willingness to pay, and either refuse to roll over existing debts, or demand extremely high interest rates. International financial institutions such as the International Monetary Fund (IMF) may demand austerity measures as part of Structural Adjustment Programmes when acting as lender of last resort.