Australia’s Economic Emperor Embraces Fanatical Extremism
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- เผยแพร่เมื่อ 29 พ.ย. 2024
- Economist John Adams and Analyst Martin North picks apart recent RBA monetary policy announcements. Lyons would have turned in his grave!
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"You will own nothimg, and you will be happy!" - World Economic Forum 2030 predictions.
The only good thing about the World Forum and the Covid-1984 bioweapon is that so many of us know what is happening. But I have not yet one New Zealander or Australian ready to go to the front line with the necessary weapons and risk. Listen to these men rattle on, and tell me what good they are doing.
The Emperor has no clothes...
And it ain't pretty.
The emperor has got plenty of clothes. All the shirts from our backs!!
I watched the video on TH-cam called the princes of the yen and it's happening again here before our eyes.
Correct.
thanks for the link, wow everyone needs to see this video!
@@zeej8801 The Spiders Web is also essential viewing. th-cam.com/video/-zT9pa5AOuE/w-d-xo.html
More by the professor on Twitter.
Quote of the day at 9:19 "If things were really that good we wouldn't be seeing the most radical policy package being announced by the RBA"
Thanks for another great conversation Martin and John. 👍
Thank you very much.
Regards,
Geoff. Reeks
Absolutely fabulous thank you as always for your outstanding work. God Bless to you both
Our pleasure!
just remember they are leading everyone down this road and should be held accountable for a life time!
Depression will happen. Inflationary or deflationary, take your pick.
Por que no dos?
With the debt increase coupled with the social dis-dunceing and future lock downs they will slowly draw away the funds of the people over the next 3-4 years. Then when everyone is in the shit they will offer the universal basic income that comes with the price of giving up your right to own property just for starters.
@@rosettaeagle1718 yep, did you know that the old testement was wright'n by negative E.T.s. the new testament was wright'n buy the positive E.T.s . That's why the old test- has terms like " the gods ' and " angry vengfull god ". and in the older bibles the term god with a little g was a reference to the negative E.T.s and with the Big G in reference to the all encompacing spirit or what ever. Real interesting stuff.
@@advdad1129 Cheers.
Are they keeping things afloat until Trump is out of the way then perform the great reset?
Trump said in his address to the World leaders at Davos that the World does not belong to Globalists & he will keep America free
That's why they hate him
Most other countries including mine (Australia) have already given over control 😡
Trump was all talk no action.
@@jackieboyle9002 trump said x does not make it true. hes just as much a part of this regime as the rest of them, if he was not then he would not be where he is its that simple.
@@freekoolaid5721 maybe ...
Time will tell 👍
It was in the stimulus bill that the fed will issue digital currenxy direct to the people early 2021. To me this means they will let the banka go bust, and replace your lost funds with the new digital currency.
we need a trump card to stop these crimmals, its on the way
Excellent chaps
They certainly don't need to add anymore stimulus to the Brisbane housing market. It's going mental at the moment.
Very Informative Discussion John and Martin.
All Australian should watch this vedio as it reveals the reality and does good to their future life.
Whats a vedio?
Good videos but you’re kidding yourself if you think you’re in the middle class, there’s us and them
So interesting.
Would there ever be enough private sector demand for government bonds? The government already taxes you half to death.
A strong currency is not a bad thing. For some reason, the RBA is obsessed with having a weak currency. This further erodes the buying power of the average Australian.
Supporting balance sheet? = supporing nothing as Asset = Equity + Liability. These asset on Asset side actually is liability!
16:40 Yield curve control is just another form of quantitative easing, rebranded.
Isn’t it amazing how many times the same old failed strategy can be resold to the public as something different while being inherently underpinned by exactly the same failed reasoning.
Exceptional
Just wait 'till Brazilian iron ore gets back online - fun times for AUD
Is it possible that the quantative easing debt is setting Australia up for the global financial reset?
At 23:00 I thought stagflation was caused by cost-push inflation. Can Martin please explain how central banks are causing stagflation since they seem to be reducing the overall cost of funds.
Excellent guys. 👍
Thank you! 👍
What about Australia's recent participation in RCEP meet ? Will it be good for Australia. ?
DO YOU KNOW EVERYTHING THE RBA DOES IN MONETARY POLICY IS EXACTLY WHAT THE FEDERAL RESERVE DOES
It’s a big CLUB. And YOU AIN’T IN IT. ( George Carlin)
Nothing that is going on in Australia is by chance.
Guys I truely love and value your videos.
Often times I find myself having to stop a video to google a yerm or phrase because I just dont know what you are talking about. So you have added to my self education in a huge way.
Some of thw jargon you use, you both understand, but I don't and frankly when I search it up I am pretty sure I am getting a "particular interpretation".
Have you considered doing an explanation of terms series? Or can you point me to a series like "idiots guide to..." (I enjoyed the step outs in the movie The Big Short. Easy for me to underatand the context)
Thanks - good suggestion....
Australia needs its own central bank.
Billy Strings - Watch It Fall (Official Video)
absolutely brilliant interview! 👍
imagine a world with honest media and facts!
i would love to hear Mr Adam's thoughts and projections on how to protect ones wealth moving into these turbulent next 10yrs...
He owns heaps of silver ! He’s done very well so far
Its not insanity because they do not expect a different outcome, they expect exactly what we all know is going to happen and we need to stop pretending otherwise.
In globalized society, peoples have become superfluous because the current methods of production of political power and wealth - technological and financial methods - on the one hand have focused on the control of a few large dynastic families - an oligarchy that decides behind closed doors on what it remains the institutions of national formal democracies - and on the other they do not need the masses of workers, consumers, fighters needed by industrial productive capitalism. As a result, citizens and workers have lost their ability to negotiate. This is the material reason why they are losing income, rights, security, the desire to have children: unhappy degrowth. But a race at increasing speed towards increasing imbalances is automatically a race towards an inevitable system failure.
I wonder where we will be in 5 years ?
Will the whole world be the Zimbabwe? We are not alone in this
A technocratic nightmare, unless many people grow a spine.
Cooking and eating the politicobanker traitors taking us down this failed path.
Battling in the thunderdome
@@AlienLivesMatter At least arresting some of them for treason.
Gold. It's the last safe haven.
The exit strategy outlined @33:00 is indeed the only ‘real’ solution. Atone our financial sins and return to fiscal monetary piety and discipline. Sadly I fear it will never happen.
7:35 This is awful. Commonwealth debt is bad enough, but to take on State Government debt as well...
Now that we have moved to a "borrower be aware model" what official safe guards are left to the little Aussie bleeder.
How much will income tax go up to repay this enormous debt? And will interest rates go up at the same time? Double trouble for any political party.
It will all come crashing down. Banks and all.
Why are they extending jobseeker ?
Except unlike an emperor, the RBA ultimately answers to the government. The problem is no government, Liberal, Labor, even One Nation will accept the consequences of a bursting bubble. So no one will hold the RBA to account.
I'm so glad this link wandered into my YT feed.
Is he the one who thought CEOs should be paid less that a million like him & be haaaaappppy.
Let’s talk about the Great Reset !
So the idea is to backstop all business so they don’t fail (RBA will do this, by buying Corp bonds) and ensure loans are not called. The govt will with all the money it takes from the banks via treasuries spend on roads, rail, gas and this will make jobs and get us all spending again. That money comes from the banks...ie. less money to loan to the people/business.
Still with no idea of how we going to earn money from overseas to pay back all the money we got from overseas.
We print money like America, but we ain’t got the reserve currency of the world, or Europe. You are right (this is a disaster)...Paul Keating...we don’t want to become a banana republic & this the recession we had to have (haunting words that are more real than ever)...but wait, scomo and rba will fix it....master oogway...one often meets his destiny on the path he takes to avoid it.
What should i do with my super?
kiss it goodbye, nah seriously though i withdrew mine into a smsf and bought gold and silver with it, everyones situation is different though best of luck.
Depends how it is currently invested
@@dekzzx same here and I have almost doubled my amount since doing so. Highly recommended
I don’t have enough in my super to qualify for SMSF. Is there an Australian physical gold allocated super fund?
These central bankers, APRA etc, are looking to bolster their cv for a job overseas. They have to be seen to make an ‘impact’ to secure these gigs. House prices will double from here if they keep this up.
RBA zero interest rate policy to support the present asset prices assumes the recent past will be like a steady state future. There is no RBA or govt fall back scenario for international shocks. This is not how to manage our country.
Steve Van Metre on youtube is showing US credit growth has been falling revealing a stalling US economy which is 25% of world economic consumption. The world economy is rolling over.
World Economic Forum holds all the cards as they take us into Klaus Schwab's
4th Industrial Revolution 😳
... you will own nothing, rent everything and..... you will be happy 😯
As Jeremy Lee advised in several related YT vids, all monetary policy and therefore ultimate control has been hijacked decades ago. It doesn't matter who the frontman is behind the podium; the people have no say whatsoever while the bus is purposely driven off the cliff. The United Nations and their World Bank cronies through all our central banks determine all policy. That anyone still has faith in any electoral system is astounding and I bet the chance is high it was pre planned in this manner. What a perfect way to ensure we are all driven towards a supposed one world Govt and monetary system. The US election and the over the top blatant planned fraudulence, setting off potential violence and loss of faith in the electoral system can be the key that sets off the new example of dictatorship that spreads across the world to fulfill the aims of Schwabe's Reset. Its organised alright, just not in a way that would appear rational and altruistic. In my lifetime I have not witnessed a single act of governance that has lead to future benefit to humanity as a whole. We all know the Law Of Averages. Anyone ever witnessed a large set of coin tosses where it ended up 100% heads? Anyone??
@@col2959
Welcome to 2030 😩
@Frans Kuiper not this time 🙃🥴
@@carl8568 God warned us this was coming
2020 tipped us head first into the Book of Revelation
Exciting times 🙏❣
For all intents and purposes, Job Seeker stimulus will end Jan 1. $715 a fortnight from Jan 1 is probably where it will stay. And to be honest, $715 is not particularity high.
Is the LIBOR transition on the 25th, January 2021 going to influence the situation?
Just keep an eye on what the USA does then we will just follow like Merino Sheep!
I personally am starting to think a digital dollar with built in decay / negative interest is really interesting.. so long as they don't try to ban stores of value of course. Kind of seems like a good idea to disincentive people saving up piles of fiat, maybe it would be better if we recognised it as a short term transfer of value and used it that way.
have you both thought about borrow money like no tomorrow with no intentions of ever paying it back ?
I was thinking about this , i can only hope the banks write it off .
Pure evil. Thank you for exposing it.
Thanks Mr. Martin and Mr. John..a great argument from Mr. John...but...as a rerun of 68-83 there will be devaluation across the 4 major asset classes in Australia...Property...investing....autos...rare collectables...this is certain!...Rampant deflation is already upon us.
Yep I am veering towards deflation....
you guys run a pod cast???
We are a balance sheet focussed country because we are cash flow illiterate.
Austerity is what made the great depression worse, advocacy for similar policy is insanity. Capitalism and unlimited destruction for profits is the problem.
How come Australian real estate has not crashed yet.. as per your previous forecasts?
LVR of 98% for Australia’s growth.
Any suggestion as to what this will do to the Aus - US $ exchange rate? Will the Aussie $ collapse below 0.5??
The American economists/traders are saying that USD will crash vs other currencies... who is right?
Exit Strategy? That's the name of the holiday home in Europe. Poor public servant that RBA Gov, with his salary of 10x the median income.
Once the CBDCs are released and all assets become tokenised, property prices will go on the next run.
Negative ultra low interest rates and quantitative easing can be reversed quiet easily. The reserve bank could increase interest rates back to 3% or 4% and existing Borrowers could be protected by not increasing the interest rate for existing household Borrowers above that rate which applied on the day the loan was first extended to them. As far as businesses go they can recoup the costs of higher interest rates by increasing the price of their goods and services which would push inflation back to the desirable range of 2 to 3% which is what is mandated for the RBA. The increase in interest payments on government debt would not be a problem. The government can fund the interest repayment increase by deficit spending that is the government simply prints more money which would have the beneficial implication of lifting inflation back into the 2 to 3% range which is what the RBA wants. The government could also raise taxes to cover it's increased interest repayments which would take money out of the economy lowering inflation. Increasing interest rates would also increase aggregate incomes throughout the whole economy generating increased tax receipts for the government. Increased aggregate incomes leads to increased aggregate spending and increased economic activity which would again generate more tax for the government. The government would have plenty of money to meet it's interest repayment obligations on it's debts.
2%-3% inflation is designed by the banksters to steal your money in a less obvious way. When it gets up to 10% or even 5% these days the public notices quickly that their life's work and saving are eroding quickly. Why do you believe we HAVE to have any inflation at all? When all countries were on a true gold standard there was zero inflation for many decades, banksters could not so easily steal from us peasants! You're either a banker yourself or just one of the millions of suckers that accept Rothschild & Co taking their cut from every bank transaction that happens throughout the planet!
@@philxray666 I expressed some ideas in what I wrote. Let's concentrate and discuss and comment on the ideas. And let's forget about the person expressing the ideas. In other words let's play the ball (the ideas) and not the man. Whether or not I was a banker or something else in my past life is irrelevant to the ideas expressed. And it is not helpful and doesn't achieve anything or contribute anything to the discussion to think of people in terms of presents and suckers. It is rather disrespectful in counterproductive.
We still have brokers saying its the best time to buy housing though. What are your thoughts on investment diversity (as well as gold and silver) in real estate now for someone just starting out. I want to clear out of the bank!
Why is he following the same play book? Coordinated approach by world reserve banks ?
Some say USA can stimulate market to 4600 -to even 100k SP500 - 100,000 ? Is there any limit ? Great reset ?
Hypothetically just asking for a friend who is holding cash outside of the system, would it be wiser to hold in metals and or crypto???
I have both. But if your friend is not tech-savvy, best stick with the simplicity of physical metal. Also spreading your savings is good. Hold cash, some shares, metal, crypto, even a small block of cheap fertile freehold land outside the major cities is a good idea if things get really freaky.
Please watch this, be patient it is an old and long video, the guy SAW IT COMING DECADES AGO: @
bunker or bunkum economics?
Austerity ain’t gonna happen. I mean how could aussies possibly cope if they couldn’t have two SUVs in the driveway and a yearly trip to Bali all on the hock.
They will do everything possible to preserve the property market.....think of band aids over a sieve.
Until one day......
QE IS credit curve control. When in doubt, pump.
Will banks lend, or just buy bonds.
Lads, you havent examined the debt - diff types, where it came from, who it belongs to.
RBA Digital currency coin coming soon.
More road projects, Yup, everything will be fine, Get back to your SHOWS sheople.
Martin, if there is a reset of currency values internationally do you expect it to be at par value or will legacy currencies carry forward the valuations they had pre-reset.
Also. In light of a reset would it not be better to be in real estate because share markets will devalue, but local property dynamics of supply and demand will still play out as the main driver rather than currency values.
Can the banks steal our savings
Yes technically. There is ambiguous bail in legislation. That these fine folk are fighting. 😊
Thanks for the reply
Yes. It's called bail in.
@@annikahansen7842 it’s no longer yours, the second the $ is transferred to the bank.
We'll know for sure by the end of November, when the senate votes on the Amendment put up by One Nation, (to specifically exempt retail deposits from bail in). If the amendment gets voted down, it will be pretty clear the banks can steal your savings.
But it's Friday Night Football and a round or two of Fortnite .. She'll be right mate !
IOTP👊
this is very interesting ,can you break it down for dummies
Can you do a video on the great reset im just a ordinary Australian with a family on a low income no crypto no gold no savings self employed with a mortgage what will happen because the government has just let the reset through even though pauline Hanson was against it
Check this out th-cam.com/video/pF_kXE-HXSQ/w-d-xo.html
So where do you put your money? Apart from gold and silver.
Do you keep it at home?
What’s gone wrong?
Where does it always go wrong?
“The Fate Of Empires and Search For Survival” Sir John Glubb
www.rexresearch.com/glubb/glubb-empire.pdf
The pivot point where the decline begins.
“There does not appear to be any doubt that money is the agent which causes the decline of this strong, brave and self-confident people. The decline in courage, enterprise and a sense of duty is, however, gradual.
...........
All these periods reveal the same characteristics. The immense wealth accumulated in the nation dazzles the onlookers. Enough of the ancient virtues of courage, energy and patriotism survive to enable the state successfully to defend its frontiers. But, beneath the surface, greed for money is gradually replacing duty and public service. Indeed the change might be summarised as being from service to selfishness.”
“But, beneath the surface, greed for money is gradually replacing duty and public service. Indeed the change might be summarised as being from service to selfishness.”
That sounds like the ideology we call “neoliberalism”.
When you equate making money with creating wealth, people try and make money in the easiest way possible, which doesn’t actually create any wealth.
In 1984, for the first time in American history, “unearned” income exceeded “earned” income.
The American have lost sight of what real wealth creation is, and are just focussed on making money.
You might as well do that in the easiest way possible.
It looks like a parasitic rentier capitalism because that is what it is.
Bankers make the most money when they are driving your economy into a financial crisis.
What they are doing is really an illusion; they are just pulling future spending power into today.
The 1920s roared at the expense of an impoverished 1930s.
Japan roared on the money creation of real estate lending in the 1980s, they spent the next 30 years repaying the debt they had built up in the 1980s and the economy flat-lined.
th-cam.com/video/8YTyJzmiHGk/w-d-xo.html
Bankers use bank credit to pump up asset prices, which doesn’t actually create any wealth.
The money creation of bank credit flows into the economy making it boom, but you are heading towards a financial crisis and claims on future prosperity are building up in the financial system.
www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf
Early success comes at the expense of an impoverished future.
Once you concentrate on creating wealth, rather than making money, things will soon pick up again.
We will wait forever if we wait for the economists to work it out.
I've done it.
We want economic success
Step one - Identify where wealth creation occurs in the economy.
Houston, we have a problem.
Economists do identify where real wealth creation in the economy occurs, but this is a most inconvenient truth as it reveals many at the top don’t actually create any wealth.
This is the problem.
Much of their money comes from wealth extraction rather than wealth creation, and they need to get everyone thoroughly confused so we don’t realise what they are really up to.
The Classical Economists had a quick look around and noticed the aristocracy were maintained in luxury and leisure by the hard work of everyone else.
They haven’t done anything economically productive for centuries, they couldn’t miss it.
The Classical economist, Adam Smith:
“The labour and time of the poor is in civilised countries sacrificed to the maintaining of the rich in ease and luxury. The Landlord is maintained in idleness and luxury by the labour of his tenants. The moneyed man is supported by his extractions from the industrious merchant and the needy who are obliged to support him in ease by a return for the use of his money.”
There was no benefits system in those days, and if those at the bottom didn’t work they died.
They had to earn money to live.
Ricardo was an expert on the small state, unregulated capitalism he observed in the world around him. He was part of the new capitalist class, and the old landowning class were a huge problem with their rents that had to be paid both directly and through wages.
“The interest of the landlords is always opposed to the interest of every other class in the community” Ricardo 1815 / Classical Economist.
They soon identified the constructive “earned” income and the parasitic “unearned” income.
This disappeared in neoclassical economics.
GDP was invented after they used neoclassical economics last time.
In the 1920s, the economy roared, the stock market soared and nearly everyone had been making lots of money.
In the 1930s, they were wondering what the hell had just happened as everything had appeared to be going so well in the 1920s and then it all just fell apart.
They needed a better measure to see what was really going on in the economy and came up with GDP.
In the 1930s, they pondered over where all that wealth had gone to in 1929 and realised inflating asset prices doesn’t create real wealth, they came up with the GDP measure to track real wealth creation in the economy.
The transfer of existing assets, like stocks and real estate, doesn’t create real wealth and therefore does not add to GDP. The real wealth creation in the economy is measured by GDP.
Real wealth creation involves real work producing new goods and services in the economy.
So all that transferring existing financial assets around doesn’t create wealth?
No it doesn’t, and now you are ready to start thinking about what is really going on there.
Bankers make the most money when they are driving your economy into a financial crisis.
Are you sure?
On a BBC documentary, comparing 1929 to 2008, it said the last time US bankers made as much money as they did before 2008 was in the 1920s.
Bankers make the most money when they are driving your economy into a financial crisis.
th-cam.com/video/vAStZJCKmbU/w-d-xo.html
At 18 mins.
The bankers loaded the US economy up with their debt products until they got financial crises in 1929 and 2008.
As you head towards the financial crisis, the economy booms due to the money creation of bank loans.
www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf
The financial crisis appears to come out of a clear blue sky when you use an economics that doesn’t consider debt, like neoclassical economics.
Your economy has been loaded up with claims on future spending power, which drags your economy down as the repayments are made.
Learning from Japan.
How can you achieve Japanification?
Copy Japan.
Japan led the way and everyone followed.
At 25.30 mins you can see the super imposed private debt-to-GDP ratios.
th-cam.com/video/vAStZJCKmbU/w-d-xo.html
What Japan does in the 1980s; the US, the UK and Euro-zone do leading up to 2008 and China has done more recently.
The PBoC saw the Minsky Moment coming unlike the BoJ, ECB, BoE and the FED.
How did Japan avoid a Great Depression?
They saved the banks
How did Japan kill growth and inflation for the next thirty years?
They left the debt in place and the repayments on that debt killed growth and inflation.
th-cam.com/video/8YTyJzmiHGk/w-d-xo.html
It’s not as bad as Japan as we didn’t let asset prices crash in the West, but it is this problem has made our economies so sluggish since 2008.
Then the coronavirus hit.
B
As the Australian economy is in the hands of overseas corporations accountable only to their major shareholders it is at the least wishful thinking to believe the RBA has the power you ascribe to it and its leader.
Buy Gold and Silver and Crypto and sleep well
Someone please just tell me when I can buy a bloody house, please?? I can’t keep up with it all 🤦♀️😞
All this cheap credit around and my bank keeps telling me I'm pre approved for a loan with an interest rate of 10-12%. I have a credit rating of over 700.
They don't make it worth it.
As Japan has been implementing these policies for over a decade, shouldn't we look to their experience? Is there stagflation in Japan? Is the Yen hyperinflating to nothing?
A little emperor in a big puppet theatre
C
last :p
1st
oh gawd yes please, I support anything to crash this system quicker
The politicobankers and their donors are crashing the economic ecosystem better than any terrorist could ever dream to enact themselves
Are you serious? You’d like to see it crashed deliberately by the same people that will offer the solutions they’ve wanted to put in place for over a hundred years - which will enslave you and your children’s children?! Wake up dude.
@@Lanterns_light Do you think we can reverse this? No matey, we are going to go through hell, and the only way out is through.
@@xavseq727 do you not understand that what is on the other side is the OBJECTIVE of this. Hegelian dialect;
Create a problem
Control the reaction
Institute the solution.