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Qwerty1992

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22/06/19

15:53

Post #: 39188477
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Originally posted by AverageJoe: ↑

I’m following a few people besides Schiff with similar mindset or arguments and without s direct comparison to the depth of the GFC, there seems to be some dire warnings about the monetary system.

Is the current economic conditions as bad as the Lehman's Moment? QE has basically failed as a tool to recover those debt fueled destructions as I suspect inflation was suppose to ‘reverse’ all that asset valuation that was lost at the time. The mechanics of QE was never intended for the ‘man on the street’ but the preserve of banking institution.

Chicken or the egg wrt demand (cheap credit/helicopter money) or supply (make more products)? Currently QE money pushed rates down, globalized supply chain manufacturing and deregulation combined, for credit to enrich financial sectors. Not much ended up in US manufacturers so to keep fattening the margins, industries shift to cheap labour destinations. The same in Oz. RC reveal the banking fraternity corrupt practices and worse is that Regulatirs and the state refuse to take the bitter medicine!

Property investment is a poor form of the use of cheap credit and the state actively encourage this activity. How can a booming housing economy possibly be beneficial to the state job creation and product exports?

BoJ,ECB, Boe have been QE-ing some forever with no reversal of fortune. Feds did embrace finally before market tailspin forced it to abandon QT.

It is under these circumstances that I realized in 2014 that long the equity markets was the only way to build wealth! Central banks globally will try to prop this market as a measure of their success in managing the economy. Even Trump use this measure.

I’m not sure if gold is speculated by Iran crisis, weaker USD policy, bank bail in worse case scenario or a combination Of all these factors?

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https://m.youtube.com/watch?v=qFfjMXBniCY she knows what’s shes talking about
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gold, page-51933

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