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Goldnumber

12,690 Posts.

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03/02/22

09:27

Post #: 59319716
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Originally posted by bikemad: ↑

This has been the central banks path since 1998 when the RBA lobbied the Statistics Bureau to have property removed from the CPI calculation. The FED in the US did the same that year and I’m sure other central banks did the same. Their goal, capital expansion through the banks which has been massive and was always going to create high inflation, but it never shows up. Higher prices for everything equals higher taxes on those things and it’s the people that pay.
The RBA is a public institution and should be subject to a great deal more scrutiny by the media. The government won’t do anything because they are incompetent on both sides and it’s a false wealth effect and fills government coffers so these incompetents can squander it.
It’s getting ugly now and gold is the only thing that will retain wealth. Good luck.

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"It’s getting ugly now and gold is the only thing that will retain wealth. Good luck."
Yes $ome have good vision as yourself and some blah blah sheep, = its UGLY time & comPounding
P = as P RE Pare
2 Upvote

0 Great analysis

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