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Scott th Ratbag

58,061 Posts.

664

26/06/22

17:39

Post #: 62213137
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Originally posted by Lapdog: ↑

@Scott th Ratbag; inflationary pressures have been growing because reserve banks kept GFC crisis level interests rates too low and for too long - enabling the transfer of wealth from the savings of elderly people to the ever-so-$Greedy who more than doubled their wealth during the GFC and afterwards.

Covid exacerbated issues but the real catalyst for the recent inflationary spike were the widespread imposition of trade sanctions.

In Australia the Liberal Party's property speculation scheme has created unprecedented bubbles in our Ponzi property market at the same time real wages have been crushed.

Re the US and its supply of weapons into Ukraine, the only ones not poured in this far are American nukes! That's how the Ukrainians sank the pride of the Russian Navy!

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cheers Lappie.... my views are more moderate on these matters.

I'm not saying I'm right and you're wrong .... but I do disagree.
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