Mike maloney event in Sydney or melbourne, Did anybody go?

If you are a property owner right now in cyprus, how will your tenant (individual or business) pay you the rent if they cannot get money out of the bank ?

 

He didn't say they attached a trailer to it

 

That's the first I can remember hearing about the IPA. Thanks for pointing them out.

 

exactly. The point the other guy made about real estate holding up however, apparently in zimbabwe when the callapse happened there real estate was priced in US dollars well before. Homes were $500,000 US dollars etc whether that was 20 trillion zimbabwe dollars or not, real estate wasnt priced in zim dollars and this happened long before the hyperinflation - people saw it coming. they werent selling for peanuts. They increased in value significantly.

We've just made a deal with china to allow direct exchange of our currencies AUD > RMB just yesterday or whatever, so whats to say our real estate couldnt continue being priced in AU$. The fact that so many countries are going off the dollar well before the dollar callapses could mean that other currencies may hold up. Mike maloney actually needs to now revise some of his work and explain what would happen in that scenario, as its different to whats described in his theories.

 

1) Australia hasn't done any deal yet regarding convertibility, they just started spinning the story.

2) Mike Maloney doesn't know more than anybody else what will happen. He can just tell you what has happened in the past and how to position yourself so you can react successfully to what will happen. And he's doing an ok job at it. Anybody's price prediction are useless.

Price deflation or inflation is not as clear cut as many people believe, in such a complex fractional system propped by OTC derivatives. With the amount of "capital" floating around and velocity at generational lows, the thing people should get ready for is VOLATILITY.

the banksters are running massive virtual simulations right now, they'll move when the window is open.

Royal Estate, as John Law realized a bit late when it was time to split the scene, is not a secure store of wealth in a Super-Crisis, unless the Gman works for you.

 

Did anyone else watch nine news tonight ( sydney ) with Ross Greenwood doing a story about Sydney's largest vault?

Maloney was on as well, he pulled a gold ounce out of his pocket

 

Yeah I was surprised to see him on the news, but it was welcome, for all of the 3 seconds they broadcast of him.