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/biz/ - Business & Finance

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16419158 No.16419158 [Reply] [Original]

Great and insightful discussion about the reckless monetary policy of the Reserve Bank of Australia (RBA)

https://www.youtube.com/watch?v=xgPwhNeFn-o

How fucked are we ausbros? It boggles my mind that this shit isn't being more widely talked about. People have no idea how much they are getting fucked in the ass by the modern banking system

>> No.16419171
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16419171

Good thing I'm all in link.

>> No.16419185

>>16419158
>How fucked are we ausbros?
All depends on China. If things go bad in China then Australia is Japan 1980's fucked. There will be no recovery

>> No.16419224

>>16419158
John Adams literally called silver the money of the Massiah on facebook a few days ago and owns a silver / bullion business. He's a permabear. I'm not saying a recession isn't about to happen but please take what he says with a grain of salt or enough salt to fill the dead sea. Also RBA lowering the interest rate below that which would be neutral, found by the free market is privately funded QE (change my mind), so they've already unleashed QE. Stock up on fucking CASH and don't buy anything, every little bit we can do to rock consumer confidence and make the market fall so we can get into realestate is worth it.

>> No.16419228

>>16419158
PS we literally had a thread on how bad Keynesian economics fucks people over like a few days ago, everyone knows.

>> No.16419234

>>16419185
All depends on china, all depends on deutsche bank, all depends on repo market, all depends on christmas consumer confidence... this isn't how people talk about a safe economy, not that I'm assuming a recession will happen but I'm almost all in on cash atm so I guess it would be my guess.

>> No.16419253

>>16419234
>all depends on deutsche bank
why is deutsche bank so significant?

>>16419224
>>16419234
>Stock up on fucking CASH
> I'm almost all in on cash

How can you guys be so bullish on cash when 0% rates and QE is potentially right around the corner? Aren't you just asking for your wealth to be inflated away?

>> No.16419254

>>16419224
>massive AUD devaluation incoming
>stock up on cash
Explain your reasoning in more detail?

>> No.16419261

>>16419228
bizlets do, but the majority of normies don't have a clue. especially people under the age of 40

>> No.16419291

>>16419254
>>16419253
Don't get me wrong I have enough shiny rocks if inflation is that bad but believe that further QE and interest rate cuts won't work and we'll see a swift cash-grab (spiking cash value) as people exit markets next year, probably after the next interest rate cut fails to do anything (see RBAs comments on previous interest rates, see house prices already falling, consumer confidence etc).

>> No.16419298

>>16419291
I think it is smart to get yourself some shiny rocks but also check the news multiple times a day because you don't want to be stuck holding fucking rocks in a market crash.

>> No.16419310

>>16419253
>Why is deutsche bank...
Seriously read about Ludwig Von Mises's take on the depression being a global phenomenon I think its around chapter 32 of human action. If there is a huge cash spike and plummeting realestate prices in *somewhere else* where does that position global investors and their Australian investments hmm?

>> No.16419326

>>16419158
I used to follow this boomer's channel all the time. It got too depressing though, Australia is a complete shit hole with no hope of ever recovering. Like >>16419171 I'm all in on LINK and when we make it I'm probably leaving this dump. Everywhere you look there are Africans and chinks now, it is just absurd.

>> No.16419374

Australia is finally starting to see the light and joins the rest of the so called West to embrace Sharia law, where interest is haram, therefore forbidden.

>> No.16420044

Australia is populated by some of the most brain dead people in the western world. really are totally fucking clueless. they deserve the suffering that will come. thank god i left that shithole

>> No.16420429

>>16420044
>thank god i left that shithole
And you went where? US? Britain? Canada? I'm lmaoing @ you if you think Australia is any worse than any other western country. If anything, it's on the better side of that spectrum.

>> No.16420500

Slowly adding to BTC/LINK

>> No.16420544

>>16420500
Based, link will moon right as property bottoms