Growth Comes From Jobs Not Debt
Nothing in this content should be treated as tax, legal, investment or financial advice. Full details here: https://www.retirementplanb.com/disclaimers
Tweet @SimonDixonTwitt or register at www.SimonDixon.org for more updates
An analyst says the European Union's economic and monetary system is entirely based on debt and it does not create jobs or promote growth, Press TV reports.
"Almost all money in the current environment is created as debt and not only is it created as debt but all debt seems to make its way into speculation, into banking bailouts, into increasing property prices, into consumer debt but it's not making its way into businesses which can take that debt and actually create jobs and create actual real growth from it and what the economy needs is not debt, it is growth, it is actual jobs," Simon Dixon said in an interview with Press TV on Thursday.
He further argued that, the economic crisis could take ten years to run its course as there are several root causes of the issues which have not been addressed.
"What we need to do is address the major issues which the government's just simply looking at right now and they are trying to solve it with austerity measures; they are trying to increase debt and those are two solutions which are not going to help right now," Dixon added.
The analyst noted that more jobs and businesses need to be created in order to make it possible to achieve economic growth.
"We need to crave more jobs for people or more businesses to employ those people and until we start addressing that we need to get money...," he explained.
"We need real growth. We need real job and as the World Bank correctly points out it does not look like we are going to be able to achieve any of those targets. In fact we will not be able to achieve any of those targets with the existing policies that we are implementing right now," Dixon concluded.
Tweet @SimonDixonTwitt
-
1:00
Simon Dixon
1 year agoIs Bitcoin Halal? Does Bitcoin Make Islamic Finance Possible?
153 -
34:54
Tate Speech by Andrew Tate
3 hours agoEMERGENCY MEETING EPISODE 66 - SLANDEROUS LIES
287K553 -
1:52:13
Fresh and Fit
3 hours agoGym IRL Stream
36.5K8 -
58:25
barstoolsports
6 hours ago$12,000 Relay Race - Camp Barstool Finale Presented By Mountain Dew
15.2K -
19:54
Standpoint with Gabe Groisman
4 hours agoEp. 43. Don't Hide Behind Your Mask! Bruce Blakeman, Nassau County Executive
21.7K5 -
1:19:29
The Quartering
5 hours agoKamala Krashing, Huge Trump Shooter Update, Woke Game Journo Suing Youtubers & Acolyte DELETED
58.7K35 -
1:01:20
TheMonicaCrowleyPodcast
4 hours agoThe Monica Crowley Podcast: The DNC Star Wars Cantina
21.9K5 -
1:07:16
Russell Brand
7 hours agoEXPOSING THE DNC: Fact-Checking EVERY LIE from Kamala, Clinton, Oprah, Biden and more! - SF 436
152K338 -
1:55:02
vivafrei
6 hours agoLive with Darren Beattie! Jan. 6 Pipe Bombs and Trump Failed Assassination BREAKING NEWS! Viva Frei
79.8K60 -
1:09:08
The New American
3 hours agoNew American Daily | Kamalanomics: Horrible New Jobs Numbers Will Hurt Kamala
27.2K2