I think you are making a lot of very large assumptions.Can you...

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nosirommit

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25/01/21

11:06

Post #: 50420789
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Originally posted by Crom Valen: ↑

My question is that with the extraordinary central bank actions taken since the GFC - unquestioningly gone along with by a greedy / complacent / ignorant populace - are the consequences going to be such that they threaten the current capitalistic / private ownership system we currently live under?

In other words, you won the battle: you made a big capital gain on your property.
But....
You lost the war because you'll eventually live out your days under a psuedo-communistic system where the state owns everything.

I say this because the stellar gains of those benefiting from central bank actions to create the so-called 'wealth effect', these gains are only coming at the cost of enormous debt - both personal and national - and a general trashing of our monetary system. Is this negative effect eventually going to be so great that it causes a widespread collapse in the system?

Is there anyone here who would swap some of their greedy gains for ensuring stability in our system & an assurance of continued private property ownership?

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I think you are making a lot of very large assumptions.
Can you outline why you think Australia is going to end up as a "psuedo-communistic system where the state owns everything" ??

hahaha, just writing that made me LOL

As for:
"Is there anyone here who would swap some of their greedy gains for ensuring stability in our system & an assurance of continued private property ownership?"

A) Why do you consider people that invest wisely to be greedy?

B) If such a decision could even be made, and one of the outcomes truely resulted in Australian citizens no longer being able to own property.Then Yes. Of course. Everyone would. What's the point in having any gain if the state is going to take it off you. But I refer to my question above for you to detail why you think such an event is going to occur.
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