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14/05/22

15:00

Post #: 61408676
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Originally posted by Dentie: ↑

They are in the corner - and they did it all by themselves (they can't even blame Putin). The Fed have printed so much currency which is not backed by productivity (ie - ultra inflation) and the resulting price increases were fully expected.

The level of debt is so high now it is shameful (IMO) and the asset bubbles (Stocks, Real Estate, Bonds and Bitcoin) were all blown by the ones closest to the new cash. They cannot afford to raise the rates to what they should raise them to in order to kill the "real" CPI rate - so they will talk tough and raise them a little bit but then I think some other black swan event will happen and they will gleefully reverse course and no doubt start printing $$$ again.

I don't think it is going to make any difference in the finish...the world seems set to endure one hell of a shit show (in all respects) and, as always, the innocent people are the ones who will pay....big time. Yes, I think those who have not taken steps to prepare themselves for what's coming are going to wonder what the hell is happening. I just hope at the end of it all, when the dust has settled, the "people" remember who caused all this and then act decisively to make sure those responsible never be allowed to control the financial system again!

Unfortunately, in order to correct the situation, I think what lays ahead for us all needs to happen. The debt will never be able to be paid off conventionally and so it will be paid off using massively inflated currency (with no purchasing power attached). Who knows, maybe all or part of the sovereign debt will be "forgiven" in some way - but I bet the poor buggers owing mortgage debt will not be allowed to share the same level of theft!!

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Here's the goldbug philosophy.....

According to them they've got it right - gold should be in the tens of thousands, but it isn't so they're poor.

They shouldn't be poor, they should be rich apparently, and the reason they're not rich isn't their fault, it's someone else's fault, namely the banksters, riggers, corrupt politicians, and last but not least the Federal Reserve, which, incidentally, doesn't own any gold and hasn't the slightest interest in gold bars.

I'd love a dollar for every time I've read..."they're backed into a corner".
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