I remember when the NRMA floated about 20 years ago and I was a "member" having - Basic Road Service - Minimum (2.5K) Comprehensive Car Insurance - Minimum Home Contents Insurance (25K) = 3 Policies,I could not believe it when I received about 3K (?) in NRMA shares when it floated (sold long ago) The funny thing about it was that my mother had many more assets than I but only had 2 NRMA policies receiving much less in shares than I did. Anyway - Helicopter Money. I have heard about more "Helicopter Money" a few time in the last couple (not helicopter ben) of days even today even referring to Australia when the interest money rate challenges 1% which could not be very far away. If money starts being thrown out of a Black Hawk trying to stimulate our (my) economy I will definitely be buying some P.M's with it,imagine potentially getting a "free tube of Silver" or more (adding to our foreign debt bill being over 100 Billion in interest per month alone) The good old days of the NRMA float all over again - happy days
Surely you jest! 100 billion in interest per month...Australian Government debt is at $400 billion...Even at 4%p.a. that is only around $1.5 billion interest per month. 1% Interest rates are quite probable over the next 12 months but with it comes with banks giving minus interest rates for savers. Don't wish for helicopter money for that may well be the end times for our financial house of cards. If they are going to throw money out of helicopters, I hope they money is all silver and gold coins. Regards Errol 43
I've been wondering recently about this. I could see the US doing it. They could raise rates and counter the resulting strengthening of the dollar by printing the strength away. Helicopter money comes in many forms, like tax cuts, minimum wage increases, increased welfare. We will have some or all soon enough. If the US can't keep peace in the streets they will give us peasants some extra cash to be happy about very soon.
I am pretty sure you have to many zeros on here mate. Are you sure it should not read "1 billion" a month interest? If you are sticking with your 100 billion can you give us the source please as that would mean Australia is probably the only country in the world paying 100%+ interest a year on any debt.
Our recently elected (more) Liberal government in Canada have more than doubled child benefits. You can find a calculator online but imagine getting the equivalent of an unskilled, full time salary, tax-free, when you have four or more kids. Of course, all this "free" money is paid for in debt and ends with the debasement of our currency. But that happens later and most people care about "now" more than "later." Starting this month (which is the first month of this new benefit structure), I will be receiving an additional $600 every month. Still have to convince the wife to transfer it straight into a tube of Maples. Looking for strategies to win her over, any ideas?
Yes you are right twice - I have 2 zero's more than the truth :/ The Government interest repayments are over - 1B per month - all is good then no worries You should know that you never let the truth stand in the way of a good story and I have more But saying that - Private Australian Debt = Over 2.5T - most debt per household in the whole wide world - that is a lot of Mcmansions with waist lines to match :lol: Sorry.
You know the value of something that gets thrown out of a helicopter don't you? I see it as a golden (pun intended) opportunity to exchange something of little value for something of high value.
I heard a talk today on Kerry Lutz's show by Richard Duncan. He is an economist who believes the US has plenty capacity to ramp up spending like Japan to 200% of GDP. This will take 20 years for the US to get to $40T in debt according to Duncan and he thinks that is just great. It will delay or prevent a collapse ? http://financialsurvivalnetwork.com...l-not-let-the-system-collapse-no-matter-what/ Well I have some news for Mr Duncan.Firstly I had access to a good statistician today who did an extrapolation of the basic US debt excluding Social Security Medicare and the military. This is currently at $19.34T. Below is the extrapolation which models the rate forward at the current rate of debt accumulation without an increase. We all know that it is going to ramp up but let us be super conservative and assume it will not. Here is the graph. Bad news Mr Duncan we reach $40T sometime before 2026 (8 years not 20). What are we imposing on the next generation ?? The X axis is the date and the Y axis is the US debt in T$. Good luck !!
I keep seeing 2026 as a pivotal year. Perhaps that's when the expected 'currency reset' occurs. Lead time would suggest a reasonable set-up time for the the various players.
"I've had a lot of worries in my life, most of which never happened." - Mark Twain. Hang in. There's a telegram from the Queen to look forward to and lamb cutlets on Friday!
$20 Trillion US debt pales into comparison compared to what the major banks play with in Derivatives.. When one bank cannot play their debt, then it is all over. Deutsche Bank has at least $70 trillion in Derivatives and only $95 billion in capital. 10 years? IMO 10 months at the most will be closer to the mark! You might see it yet OC. Regards Errol 43
In 2026 I will be 87, and the 3rd oldest man in my family tree! The other 2 were shot by jealous husbands at the age of 93. OC
My apologies. I haven't had my morning coffee and I was reading it wrong. I thought you were making some kind of statement about gay marriage.
An old favourite from Roger McGough: Let me die a youngman's death not a clean and inbetween the sheets holywater death not a famous-last-words peaceful out of breath death When I'm 73 and in constant good tumour may I be mown down at dawn by a bright red sports car on my way home from an allnight party Or when I'm 91 with silver hair and sitting in a barber's chair may rival gangsters with hamfisted tommyguns burst in and give me a short back and insides Or when I'm 104 and banned from the Cavern may my mistress catching me in bed with her daughter and fearing for her son cut me up into little pieces and throw away every piece but one Let me die a youngman's death not a free from sin tiptoe in candle wax and waning death not a curtains drawn by angels borne 'what a nice way to go' death
I am a bit of a sook when it comes to pain, so just as long as I have a BIG box of pain killing pills i will be OK. It took me a few years to come to terms with my mortality, but I am at peace with the idea now. Do not care about a glorious death as above, but a peaceful one would be nice. I have seen people die, one VERY close and i shall never forget it, he was the bravest person i have ever met, at all of the age of 31. He fought it for 12 years and will be my great example. ...though my death at 93 via jealous husband would be OK! OC
