The US economy is the best of a bad bunch.
The Eurozone economy is the worst.
Why is it so bad~?….
Because we seem to be moving into a era of government controlled economies (and the Eurozone doesn’t have a government).
Audio -
13:41 min.
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When you think you have been very good,
you think you should be rewarded.
You think you should get what you want,
because you deserve it.
Life does not always work out how you want it to be~!
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Baby boomers have trillions of money put by for their retirement.
That money is invested in `the future`, because that is what investment is.
When you `invest`, your money is spent, gone, invested in some project or other.
To pay you back, that project has to generate the required amount of new money.
Now, we have a problem…..the boomers are wanting their money and the projects are not generating the required amount of new money.
Now, we have a problem….Good, solid, long-term cash-flow rich projects have become harder and harder to find………so projects have been getting shorter and shorter-term. The Western economies are not constituted in a way that will generate the extra money needed to pay back the boomers` savings.
I don’t think the boomers know it yet….but the chances of them seeing their savings ever again is evaporating fast.
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15:56 min.
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Central banks get their charters (license to print) from governments.
This is a pact between devils, the banks and the government, who both get what they want – They both get a sugar daddy.
The banks pay by having to submit to governmental regulation.
The government pays with the promise of tax-payer money if things get way out of control.
Audio –
19:15 min.
Expensive peak, House price crash~? Tariffs, House/Bank/Sovereign, Greeks, UK CPI, How much food.
[audio:http://overthepeak.com/wordpress/wp-content/uploads/2011/05/Wed18May.mp3|titles=Wed18May]
Links – 1. 2. 3. 4. 5. 6. 7.
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Russel Napier Link – 1.
This was `the old system` – Deflate and may the best man win……but that was in the times of manufacturing. Now the `best men` are all invested in the FIRE economy, so would all lose……(and that would not do~!)
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