Not a mention of gold in this post yet You get away with it!
Got me stuffed?
Must be lipstick or something you use
OTE="Skol, post: 36757275, member: 25269"]
Originally posted by AndyIgo
Hi Skol and all,
I've noted your prediction for hyperinflation, and a 2019 recession, but I don't like your chances. The Federal Reserve seems to have a firm grip on the situation and is currently un-printing money,
If I look a little closer to home Australia and the RBA will hold interest rates at 1.5% and it will now have done so for twenty-eight consecutive months. If that does not look like an emergency measure, then I have not seen one. The RBA appears terrified to move on rates for fear of causing the current housing bubble to bust rather than slowly deflate as it is doing.
This may look like the RBA acting in the best interests of some sections of society; however, pensioners, savers, none sophisticated investors and those on fixed incomes holding out their hands for food in the future will have a cost in my opinion.
During my business life I have seen interest rates as high as 20% and now down to today’s price of 1.5%. One would think that the educated young people would use their bright minds and ideas to open up new businesses particularly at such low borrowing rates. I don’t see lots of new small businesses opening and thriving, what I do see is plenty of old established High Street business names closing shop and going out of business!
I listen to these degree educated millennials as they are busy personal training each other and making fancy coffee’s the main complaint being the high cost of a first property and their whinges about educational loans to be repaid.
They don’t seem to appreciate the many positives in their lives such as: Rent free accommodation at Mum and Dad’s, food and laundry services provided by Mum, car and fuel costs help from Dad and the many other benefits available to a generation yet to learn how to stand on their own two feet!
If people wish to learn more about the origins of the FED, I suggest they read the book:
The Creature from Jekyll Island, by author G. Edward Griffin.
I have read the book and thought it interesting; however, it must be said the author is something of conspirator theorist type!
Cheers and very best regards: Andy
Hi Andy,
There's nothing wrong with reading fictional books and conspiracy theories......the problems begin when the proletariat start believing them.
G. Edward Griffin (born November 7, 1931) is an American author and filmmaker. Griffin's writings promote a number of false views and conspiracy theories regarding various of his political, defense and health care interests. In his book World Without Cancer, he argues that cancer is a nutritional deficiency that can be cured by consuming amygdalin, a view regarded as quackery by the medical community. He is the author of The Creature from Jekyll Island (1994), which promotes false theories about the motives behind the creation of the Federal Reserve System. He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports a specific John F. Kennedy assassination conspiracy theory. He also believes that the biblical Noah's Ark is located at the Durupınar site in Turkey.