buying up all these bonds really dominating market by printing money. that s to $64000.00 question how stable the system is because the transmission mechanism the processes do not really work with the banking system the banking system is weak we have politicized central banks all over the world i really cannot answer the question i am very doubtful about the future of the monetary policy system whereas having sat that so far it works but the jury s out whether it will survive or not in the end will present a god change your opinion on that not really she she will look into the strategy o c c e c b she announced it already she will look into whether one different policy mechanisms and instruments. will work and that will end in the end bring a positive result we ll look into inflation target and. and all these kind of things but as politicized form of politician she will probably not
but that s different. investing in the technology and believing in that technology is different from saying i want to buy bitcoin as an investment. now, it does work transactionally. not just an illicit transaction but some legitimate transactions you can do. some like zimbabwe, russia, or you want to get money out of the country you may use bitcoin as a transmission mechanism to get into dollars, euro, or yen. if you want to get money out of a country with capital controls. the technology, that s the benefit of the underlying technology. there are now so-called cryptocurrencies. it s difficult to assess if one is better than the other.
is incredibly unpopular both in many segments of germany society but also across europe. unfortunately the tragedy we re seeing play out on our screens in front of our eyes this evening is really going to feed into what s going to be a very ugly narrative across europe. so in other words, it s also the butterfly effect. it happened in the middle east, and we can keep going back to decide what the original spark was, but what we re seeing play out in places like syria is spreading to europe. merkel s about to leave the political scene. and with her will go all her leadership on this issue. and so you re seeing, you re predicting a kind of hardening of the natives versus the new immigrants in more than one nation in europe. i guess what i m saying, brian-s there s a very clear transmission mechanism between europe and the middle east. and during the arab spring it went the other way.
state of the global economy and think things are falling apart, but you have to deal with the fact that some major growth in china has slowed and that has implications to investors. let s talk about what investors are affecting in different regions of the world. are some countries more vulnerable to china s situation and devaluation? . absolutely, the the devaluation they did was very small. is it a mission of their economy going weak? is it the start of a devaluation campaign? i don t think it is, but the glory days of china s expansion are probably behind us. the transmission mechanism is commodity prices and that s causing significant issues in russia and brazil in the emerging markets, but canada and australia is suffering as well
the primarily transmission mechanism is commodity prices and chas causing significant issues in russia and brazil in the emerging markets but also canada and uaustralia are offering. taiwan and asian countries are tied into the chinese manufacturing sector are in a pinch. i think most of this has already played out, but we need to keep our expectations contained for what the global economy can deliver. china has reportedly misrepresented some of its numbers, so how tricky does it make it for people like you trying to figure out what damage the chinese economy could cause in the months ahead? well, for a long time,