Comments on the Australian and world economy from an Austrian economics viewpoint. Topics covered include real estate, precious metals, currencies, and market manipulation.
The Queensland government is introducing a higher level of price controls which will lead to more shortages, making the government driven crises worse. Trevor Rawnsley from the Australian Resident Managers Association suggests a bureaucrat decides what private citizens can do with their property regarding short term accommodation, if he gets his hair brained idea into legislation, the crises will be even worse.
The Reserve Bank and the Fed can guarantee your deposits as far as the eye can see, but as Alan Greenspan once said, they cannot guarantee the purchasing power of the dollar. Get ready for high, if not hyper inflation.
Have a look at the share prices of these investment banks. The 2023 financial crises continues while every day Australians cruise along without a care in the world.
The Enron moment is upon us. Silicon Valley Fractional Reserve Bank is the start of the 2023 financial crises.
The proposed privatization of the Mareeba Airport is not a proposed privatization. Its quasi communism...
My take on the former Hells Angles biker buying $27,000 worth of gold from the Perth Mint.. https://www.abc.net.au/news/2023-03-06/perth-mint-sells-gold-former-hells-angels-bikie-without-checks/102048620
The Asx is floating down, interrupted by the occasional up day or week. Down 3.21% today, up 1378% since 1998, similar to gold...
Retail outlets in Australia have become the corporate arm of the state, charging special customers less than those that won't hand over their details.
Australian buffoon political central planners dictate to the cafes on what energy to use. The only outcome is shortages and despair...
If there's war between the sexes, there'll be no people left. Joe Jackson....
Today I bought my groceries for the first time ever with a digital card, and for the first time ever, I spent nearly a gram of gold on the blockchain.
Speculators and gamblers want to know what the dollar price of their gamble is? Value investors truly don't care.
My thoughts on how the crypto free market separated the fools from their currency....
Normal people are talking about buying precious metals for wealth preservation
Helicopter Ben that did not see the sub prime mortgage market blow up coming, and then proceeded to create more currency in a couple of years than for the history of the Federal Reserve, causing today's inflation has been awarded the Nobel Prize for economics. The world is truly upside down.
This one tells you what will happen to their CBDC'S. Listen out for when they introduced the second currency. French double currency collapse Money has to have a store of value. Money is a commodity. Not a blip on a screen. The money the market chose as the best store of value is gold, silver and copper. We did not always have central banks and governments issuing the currency, we had paper that had a claim on money (see attached). The note is redeemable in money, it is not the money itself. Regardless of where I have put my money, I know a man who has all of his wealth in silver 1kg's, 1 ounce coins, and one ounces of gold, just bullion as close to spot price as possible. My super fund looks the same as my personal holdings, exactly the same companies. When I receive a settlement, I just allocate funds to companies I own shares in, and buy physical silver. I do not look to see what the dollar price of a share in a debt free, free cash flow, dividend paying company is on a particular day. I only care about how many shares I have in that company, because the dividend is paid per share, not on the amount of dollars the company is worth. Why, because the dollars are made up crap. The company's stock is a portion of the company you own. Buildings, production, vehicles, etc. For a Reverse The Reserve Bank of Australia T shirt, go to https://theamateuraustrian.com/collections/all
In Chris Leithner's book "The evil princes of Martin Place", chapter 3 explains the history of common law as it applies to loans and deposits, and draws the distinction between each. He enlightens us to the fact that today, the lines are blurred between deposits and loans, where they should not be. Mal practice is at play, if not outright fraud.
The environmentalists want to stop the local wind farm going ahead. They want to save the wild animals and trees. I want the government to stop stealing from me and plunging us ( the taxpayer) into unpayable debt to give the owners of the wind farm , Epuron $500,000 a year for each turbine. Or fourty seven million $ per year. Wouldn't it be nice if you could have the government steal from somebody else and subsidise your business?
The English central bank has thrown in the towell and started quantitative easing after previously stating they were committed to fighting inflation. Watch the inflation soar. How long before the rest of the world's central planners do the same.
Comments on the Reserve Bank of Australia's deputy governor Michelle Bullshit's article explaining how the Reserve Bank can trade insolvent and print money to fix the money printing problem.
The US Govt bond yield curve is seriously inverted. A bit of humour on the Japanese bond, and a bit of commentry on the state of play at present.
A woman with a sister dying of cancer holds up her own bank to withdraw her own currency.
There is much talk of the price of gold and silver dropping. That's an opportunity to acquire more ounces with worthless digital dollars.
Only the free market can deliver the best service at the lowest price.
More on the absolute energy mess created by politicians in Australia
New directorates have come down from the overlords to make landlords disappear and tenants desperate. https://freedomonline.blog/
With official inflation reported at 5.1%, banking corporations are offering negative 4.8%
The prime minister and the Reserve Bank governor tell us there is no recession in sight. They are right. It's a depression.
It started in China with Evergrande, and has spread across the world. The crash of our lifetime is under way.
Instant Karma. As soon as the price controls are put on, the supply drops.
The title says it all.
My friend Rob is worried about a one world government and central bank digital currencies. I say the digits in your bank account now are CBDC's. And that central planning always fails. I say the power supply and the internet will not be as readily available in the future, and that we will go back to barter until the market decides what money is....
The men are standing back. The men are misogynist oppressors. The men are sitting back watching the world others created go to shit.
A quick explanation of private property rights. The sovereignty of the individual and his possessions.
In this episode I analyse the parallels between the work place and the free market before rambling on about production
Mike Maloney and Winston Churchill - The farther you look into the past , the more you can see into the future
If you can't withdraw your cash is it really yours?
Here is what really happens when you open an account with KInesis.
Silver is a commodity trading in the market like any other good or service. Your silver is insurance. It's a long term store of value. To quote Warren Buffet. 'In the short run it is a voting machine, in the long run it is a weighing machine'. There has never not been a market for silver. The same for gold, apples and guitars. Whatever your shop will take, will be tradable for silver.
A private law society. Private security, private health, private justice.
There is no way in hell this pumped up debt fuelled bubble has got much longer before the defaults are cascading their way through every market, at every level, throughout the world. The creative destruction of the market will clear the mal investment while the central planners totally lose control. They may hit you with a social credit score on their central bank digital token. But you will ignore their worthless currency and trade another way. To open your account with Kinesis Money click on this link - Kinesis Money
1. Digital 2. Priced in dollars 3. No real yield 4. Can be easily tracked 5. Vendors convert crypto back into dollars 6. Terrible store of value 7. No physical units 8. Not backed by a commodity Kinesis and Lode For more of my articles, videos and pod casts, go to https://freedomonline.blog/
There are no cures, only alternatives. The central banks have two choices after painting themselves into a corner. Stop buying government bonds and let interest rates go up, or keep buying bonds and let inflation rip. History says they will do the latter.
In this episode I read out a recent email I sent to a prospective vendor describing the great loss in the Australian dollars' purchasing power since they bought their property in 2011, using the Toyota Land Cruiser to two bedroom unit ratio.
Today I go over Josh Chiat's article in Stockhead about the looming (if not already) container shortage and the implications to Australian exports.
The Reserve Bank of Australia has lost control. It appears they will abandon yield curve control and the market has priced it in.
What makes some workers essential and others not? My thoughts on the subject.
The average tax payer has Stockholm syndrome. They think their stolen wealth is providing roads and free hospital care. In reality they are involuntarily paying their captors to service the interest on state debt.
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