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15/05/16
14:19
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Originally posted by Skol
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Where I live it's the biggest boom in my lifetime and I'm not a young man. There's jobs to Africa, it's full employment, 50% of employers are having trouble recruiting staff.
Low interest rates aren't a bad thing, try 25% mortgage rates like in 1986. Even negative interest rates won't implode the financial system they're working quite well and have been for several years in some countries, one economist says they're here to stay. The real money in the last few years has been in bonds, property and stocks, not gold.
There's no indication the system will collapse or even look like it, that kind of hysteria is promoted by Bo Polny and Peter Schiff to make money, otherwise if they knew what was going to happen they'd already be cruising the Riviera.
Ben Bernanke said recently that negative interest rates...
"appear to have both modest benefits and manageable costs"
and...
"that market anxiety over below-zero borrowing costs seems to me to be over-rated".
And Bernanke's 100X smarter than Bo Polny or Peter Schiff.
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Really? Bernanke is your hero? LOL
Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is..
http://www.theonion.com/article/drunken-ben-bernanke-tells-everyone-at-neighborhoo-21059
http://www.imdb.com/title/tt2752724/