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Post by Just me on Jan 10, 2022 3:41:55 GMT 8
Below is a link to an article posted on the ABC in the wee hours of the morning. It is all about how the RBA "might" have to slug the taxpayers to repay the commercial banks "if" interest rates rise too quickly. This "debt" has accrued because of all the grubbymint's money printing and quantitative easing during the scamdemic. The article suggests we have never been in that position before. But we have.
Those of you who read more than the headlines and can remember back further than yesterday will recall that one of the first things the newly elected Abbott Liberal grubbymint did back in 2013 was "repay" $11 + billion to the RBA. Not much explanation was provided, only that the grubbymint "owed" the bank the money, and was repaying it. Tough turkey taxpayers.
Well, now - according to the linked article - the "debt" is $320 billion - and rising - quantitative easing isn't due to end until May (election time?). You reckon whoever is in government following the May election will just be able to "repay" $320 billion out of general revenue like in 2013? Do you believe pink pigs can fly? The federal grubbymint is already well beyond bankrupt.
How coincidental that the Cash Restrictions Bill was passed in the HoR way back in 2019 and only needs a vote in the Senate to limit your ability to withdraw your money. Wouldn't want a run on the banks, would we? How coincidental that banking regulations were changed in 2017 and 2018, redefining savings bank depositors as "unsecured creditors" so they can simply be seized by the banks to cover any shortfalls. Wouldn't want the banks to miss out on their profits, would we?
And wouldn't it be a huge coincidence if there was a totally manufactured cybersecurity attack on the major banks in the middle of all of this? Why, the poor banks might have to declare a bank holiday and close their doors, and the stock markets might crash. You know, just like the world's central banks game-planned back in early December? But it's funny how these game plans have a habit of coincidentally just happening. Remember back in 2019 when the WEF ran a conference - sponsored by Bill Gates - that game-planned a response to a coronavirus pandemic? And lo and behold, by the sheerest of coincidences, a few months later we had a coronavirus pandemic - or so we are told.
I think life is about to get very interesting. It will be some joyride.
ABC article -
Planned cybersecurity attack -
Joyride
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Post by yyyguy on Jan 10, 2022 8:08:13 GMT 8
Hmm, a well-rehearsed, previously used, successful strategy. Can't say I agree with him on everything, particularly real estate, as the NWO has got that covered. Any thoughts on putting actual physical cash in a bank safety deposit box? Will post a bit later on property.
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Post by Just me on Jan 10, 2022 9:04:26 GMT 8
If the banks are closed (bank holiday) and then only opened (eventually)for limited access, just how exactly do you intend accessing your safety deposit box? The best place for cash is in your wallet, or tucked away somewhere safe around the house. And that's not even taking into account the Cash Restrictions Act.
As for property prices, affordability is very much a function of interest rates, not initial purchase cost. That's not a theory, it's a historically demonstrated fact. People buy homes on the basis of what they can afford to repay each month, not the actual purchase price. The stats show an awful lot of people have bought homes recently (last year or two) based on a near zero interest, and even so are right at the limit of their ability to repay. A rise of just a couple of percent will see them having to sell. And that means dropping prices, which will put even more people in strife.
We've already done done this - remember the "recession we had to have", and 18% home loan rates? 300,000 families lost their homes. And in another one of those sheer coincidences, accrued assets of the Big Four banks went from $32 billion to $280 billion.
The Zeroth Law of Thermodynamics - the more things change the more they stay the same.
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Post by Struth on Jan 10, 2022 9:57:00 GMT 8
It is true that the more things change the more they stay the same.
There's propaganda and force used in every war, and the same in this one.
Every war there are new weapons to be tested and used, changing the state or art of war.
The plane for example.
This war is a digital war.
Using old fashioned force to back it up, guns, but a digital war.
For example, money, or cash, will be history.
Replaced with digital points awarded for good behaviour not work per se, etc.
It is waged upon us because they are virtually assured of success because there is no escape.
For the first time in human history.
Satellites, heat seeking and all other technologies combined I'm almost surprised they waited so long.
But digital control, once the passport is implimentented, which it now has, or soon will be, means, ultimately , whatever you think is an asset, or you have cash in your hot little hand, none of it will be worth a squirt.
26 million Australians could march peacefully all at once around the nation and not a thing will change.
We know that.
This is why, right at the start, disobedience had to occur.
We all know what happened.
History has now been written.
That cash might buy you a couple of months in your own hand and not in the bank, and it may keep you alive for a few months more, but in the end, if this is not fought, nothing we do to try to defend our wealth will matter.
And a million dollars won't get you a loaf of bread.
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Post by Just me on Jan 10, 2022 16:50:05 GMT 8
Struth, Nobody is suggesting a lifetime's supply of cash. The suggestion was made in the context of a bogus cybersecurity attack that temporarily affects the supply of goods and services through eftpos. I keep eight weeks supply of food etc on hand for other reasons, but for this particular booga booga exercise, three weeks would be sufficient. I also have $500 cash in my wallet, and $1,000 safely stashed in the house. Coles are already applying limits, and my local Woolies is out of a whole range of perishables - potatoes, tomatoes, fruit etc. www.abc.net.au/news/2022-01-10/two-to-three-weeks-of-supermarket-supply-disruptions-ahead/100747880As for the overall, longer term, I'll repeat what I have already written several times now. Short of armed insurrection, the only alternative is to throw a spanner in the works. Come the election in May, number the sitting member last, if they are Liberal, Labor, or National. Promote the idea at these protest rallies you go to. |
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Post by Struth on Jan 11, 2022 5:35:54 GMT 8
Mr cynical......not that I am not as well, but do you really think the elections won't be rigged?
The system makes them openly rigged anyway, but knowing what is going on here and what openly happened with what was basically a coup, and the stealing of the capitol by the military in the US, are you really of the belief the elections can do anything?
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Post by Just me on Jan 11, 2022 6:28:25 GMT 8
Fair enough, Struth.
You carry on sitting in the corner, doing nothing, feeling miserable, and wailing to the moon that God and /or Trump haven't ridden in on a black stallion to save the day.
Some of us have work to do.
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Post by Struth on Jan 11, 2022 7:00:29 GMT 8
I'm just asking a question.....
Do you think you can rely on elections in what now is basically a communist country?
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