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central banks: injection of capital, page-25

  1. 22,691 Posts.
    Well said. It is the big picture we need to look at.

    And because everything has formented to the nth degree-it takes at least 2 incomes nowadays to even look at buying a decent house- the odds are distinctly against the next generations if a big crash were to occur.

    And such a crash could be worse than 1929.

    It is a case of selecting the lightest of evils. The US House, Senate and Govts are corrupt and are too closely lined up with influential companies and votes.

    It is just as well that the balance of power is shifting to other blocks even accepting that not everything is ok either.

    Meanwhile, China, India, OPEC, the Emirates, Russia and Brazil are doing massive work projects and Australia can only benefit from it. They won't in a crash.

    I rather have a slow transfer of power to other blocks and hereby have the world's policeman's removed bit by bit rather than a big crash which will benefit nobody and will take away all the positives in place now because in such a crash, these will be lost.

    Keep an eye on the big picture!


    Gerry
 
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