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Ian Booth's avatar

Nicely done, Mr Frisby. Always a pleasure.

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Nigel Carr's avatar

To put it another way, they need it to inflate the colossal debts away, so they have to let it run. There is no way out.

The average person is screwed. Cue the rise of trade unions (Maybe a new Arthur Scargill), and spiralling wage bills, fuelling even higher inflation.,

Gold, silver & hard assets are the only places to be. Bitcoin, could be the answer, but it doesn’t seem to want to decouple from big tech. Until it does, and is seen as a true store of value, and not a just a big tech ‘thing’ it will remain volatile.

It’s a future of spiralling costs, civil unrest and misery for most, until the mother of all crashes resets everything.

God help our kids.

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BigFactHunt's avatar

And yet I read headlines today saying banks are competing for low cost 5y mortgage rates as they see short/medium term rates going lower, not higher. Crazy.

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Natalie Moore's avatar

War programing Economical Reboot New Oder New currency End of bank notes maybe....

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Mike Garland's avatar

Is this all part of the great re-set planned by Klaus Schwab ?

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Jimbo's avatar

Nope. It began long before the name "Klaus Schwab" became a blight on peoples lives. Basically, you're looking at credit expansion that began in the mid-1970's, accelerated in the 1980's and 90's and then went batshit crazy in the early 2000's, leading to a blowoff top in the expansion that ushered in the GFC in 2008. Central Bank monetary policy response to 2008 - in the form of QE - to 'save' the system, has exacerbated the issues.

I'd recommend watching the following chat between Robert Breedlove and Raoul Pal to explore and better understand the issues. It's long, but well worth it:

https://youtu.be/i9TXVjYBM3U

I don't look on it as being any part of a dastardly master plan. It's more of a series of interconnected bad decisions that have snowballed into one another.

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