As we await the next move of central banks on the interest rate front, it’s worth noting that the current financial environment, characterized as it is by over 40 years of falling interest rates, is very different from the rising rate environment that lasted from 1947 to 1981. Protecting oneself from the fallout is not going to be as simple as some might think.
[Dollar debasement] encourages the growth of unsustainable models that will lead to bankruptcies when times change. This is a hard one for many investors to see. They think of themselves as smart enough to sell the stock. But the fact is someone owns it all the way down to zero. And some banks lend to these failing enterprises, and at the end of the day may realize pennies on the dollar. The Fed’s credit cycle destroys capital. Keynes and Lenin understood that it generally impoverishes everyone, though they knew that it “actually enriches some.” Even if you are one of the few who are enriched by trading this cycle, you should be aware that it’s destroying the civilization in which you live.
God and family uber alles.
Society voted for Justin Trudeau.
All resources are devoted to insulating family from society. Or in seasonal terms, protecting from pride.
And staying short treasury futures.
Peter Schiff has some great podcasts talking about the financial catastrophe that is knocking on the economy’s door. “Great” as in if you want a solid, sober, brutally honest take on just how bad it is all going to get.
Our problem is that our politicians are as dumb as stumps and won’t do anything helpful as they’re eggs are in one basket and they never admit a mistake.
When you admit a mistake in our current society, you get punished.
No forgiveness here…the slammer is coming for you…
So, they’ll make it as worse as possible and hoping a miracle intervenes.
Our politicians should have had their hands slapped many decades ago instead of imposing shit more and more to this point that we are currently in.
Changing one party for another should have eliminated the current laws.
Correct me if I am wrong. I was told somewhere, sometime, in the past that Inflation was Bad. The Banks said so. This was around the time of progressive hero Jimmy Carter. Inflation would do all these horrible things; between the lines, Inflation was bad for Banks.
I am now, happily, paid off and bunkered up. So, if the Banks are bringing the very evil that will destroy them down on their own heads, what can I do but enjoy. As for those of you less prepared, you have my empathy, and I do have a place for you to shelter in one of the buildings on the surface.
Our politicians changed governance into a business and they truly bought everything a scam and flim flam Mam could ever wish with borrowed funds that our banks want it’s citizens responsible for.
https://joannenova.com.au/2022/06/welcome-to-the-unreliables-town-sues-over-4m-geothermal-failure-that-never-delivered-a-single-watt/
That’s included the Queen of England who also is losing disastrous amounts of funding by crap that didn’t work as promised.
It’s interesting that you heard “Inflation was Bad”
I’m likely younger than you as I didn’t live through the Jimmy Carter era.
That said, whenever I mentioned to people my belief that inflation was bad, it was very rare anyone would agree with me.
The more “educated” the person the more certain they were that inflation was good and deflation was to be avoided.
“educated”=indoctrinated.