Oh my God~!
The 2% inflation rate favoured by the central banks of the world, means
(at least) two things -
1. Banks will be paid back in `devalued` money.
2. Banks will be paid back.
This is the `must listen `EconTalk` (Hanke on hyperinflation) (first 40 mins).
You should be able to do better than just follow what they are talking about.
.
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Some things go for a time knowing what they are doing…they have drive and purpose…and then, for no visible reason, they lose it.
From then on in, unless something radical happens….it is all down-hill from there.
Israel is like that. It had its purpose (staying alive), but now it does not know what it is doing. It is just going through the motions.
Audio -
16:49 min.
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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.
Audio -
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.
It is still all about debt….
….and how it is not going to be paid back.
And who is preparing for the future….
….and who is just spinning round.
[audio:http://overthepeak.com/wordpress/wp-content/uploads/2011/09/Tue20Sept-11.mp3|titles=Tue20Sept '11]
16:10 min.
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