Guest DissipatedYouthIsValuable Posted September 24, 2009 Share Posted September 24, 2009 Heres the thing - If interest rates rise, millions of people will be more or less instantly turfed out of their homes all at once - and that's not actually possible to do without a revolution or the system becoming a farce that no one pays any attention to, if the banks passs the rises on. The manpower isn't there, the political will isn't there and even if it was it simply wouldn't work. If interest rates don't rise, then the state can't sell it's insane debt levels. So I am betting they want to raise interest rates but the banks not to pass any rises along. Somehow - probably involving printed money to make up the shortfall. Japanese Zombie Branking? Quote Link to comment Share on other sites More sharing options...
Injin Posted September 24, 2009 Share Posted September 24, 2009 Japanese Zombie Branking? They can't do that either - we don't make anything and even if we did so does everyone with money left to burn - we'd need to find an export market on mars or some shit. Might try it though - after all making stuff and providing food is for the plebs to worry about, not important people like bankers. Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted September 24, 2009 Share Posted September 24, 2009 You need to put the price up.Gold has gone up £10/oz today Its due to asset hyperinflation, donchakno At that price even I might be tempted.... Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted September 24, 2009 Share Posted September 24, 2009 As far as the /DX is concerned, when I read about American housewives taking out loans to buy Australian bonds, then I'll start worrying.... Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted September 24, 2009 Share Posted September 24, 2009 i might stand outside Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 24, 2009 Share Posted September 24, 2009 So a bunch of clueless idiots are going to have a meeting about something they failed to predict. Should be interesting. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted September 24, 2009 Share Posted September 24, 2009 So a bunch of clueless idiots are going to have a meeting about something they failed to predict.Should be interesting. This is what you get when a group of over 50's get together. Senile old b4stards should all be shot or stuck in a home. Give it 20 years and this lot will have snuffed it, with a bit of luck. Quote Link to comment Share on other sites More sharing options...
Sybil13 Posted September 24, 2009 Share Posted September 24, 2009 This is what you get when a group of over 50's get together. Senile old b4stards should all be shot or stuck in a home.Give it 20 years and this lot will have snuffed it, with a bit of luck. Give them another 20 years and they will have just got to the new retirement age! So if you think people are "senile old b4stards" at 50, get ready for a country where everywhere you turn , banks /hairdressers/ cafes/ shops / travel agents / nurses/ etc etc are ALL run by people 20 years on from being "senile old b4stards". Quote Link to comment Share on other sites More sharing options...
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