Capitalists are conscious. They always try to get the outcomes they want…and they don’t mind cheating — when they can get away with it.
Learn how to defend your financial assets against the wealth destroying monetary policies of the RBNZ, the US Federal Reserve and the rest of the world’s central banks…and discover the best ways to make money in a high or low, interest rate environment.
When the Great Financial Crisis hit in 2008, the RBNZ dropped the OCR by 6%. If something happened today, they only have 1.5% to work with.
A jittery response just now from the RBNZ. I’m surprised. I thought we were further from the cliff; on more solid ground.
If you’re at the tail end of a credit-fuelled bubble…with an overpriced stock market…a trillion-dollar federal deficit…and $72 trillion of debt…What are you going to do?
Rates have been negative for nearly the last 10 years; federal debt more than doubled, while real growth rates fell.
It’s funny…for most people, money is just money. But I believe we’re standing on a precipice for this current system of money.
The key to the whole financialisation scam is what it costs to buy a ticket to ride this train — the DebtBall Express — that pulled out of the station back in 1971.
The tax cut didn’t really cut the cost of government. It simply shifted it to debt…and onto the public and into the future. And now the future is coming into view.
Over the last 10 years, for every stock bought — in net terms — by the public, the corporations themselves bought nearly 50 of them.
Word on the street yesterday was that stocks were going up to record highs ‘on earnings.’ The casual listener was invited to believe that corporate America was earning more money; … Read More
The Trump tax cut was no real cut at all. The average person will save less than 2% on his tax bill. But his real cost of government went up — 10 times as fast.
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
Both Republicans and Democrats now put their faith in stimulus. The Republicans aim to stimulate the economy with tax cuts. The Democrats look to bigger deficits.
GDP is falling, not rising…at a 6% annual rate. And if this keeps up, it will rival America’s Great Depression in severity.