Don't save, just borror. Thats the RBA's motto.

leo25

leo25

Well-Known Member
Silver Stacker
Reserve Bank warns against households' 'reduced appetite for debt'
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 https://www.msn.com/en-au/money/personalfinance/reserve-bank-warns-against-households-reduced-appetite-for-debt/ar-AAH9OIf?li=AAgfOd8

Be a good slave and borrow more.
Maybe the public should be able to do fractional reserve banking too. For every $100 you save you can spend $1000. Then take that $1000 and put it onto a shadow bank, now you can spend $100,000. Next make a few highly leveraged derivative bets, now you have $100,000,000. Problem?


How times have changed.
 
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Shaddam IV said:
What could possibly go wrong?
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It's ok, when it all goes bellyup we can all get a bailout, it's a full proof plan. Well that's what a central banker once told me. :eek: Then we can all write books on how we became so successful.

This movie made a lasting impression on central bankers. How it perfectly reflects what they do :).
 
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Read this in SMH and had to laugh.

In 2018 the RBA was worried about the increasing household debt levels and just a year later, "don't worry...borrow more etc". Looks like that trip to Jackson's Hole for some CB re-education did the trick.

Anyhoo, if the Central Bank can't be the cheer leader for higher debt to support the FIAT currency scheme, who will. o_O
 
Zimdollars.jpg


Sorbent....the new sign of wealth in debased currency countries.

images
 
The RBA is getting a jump on the Fed before it lowers rates or it risks the AUD rising and hurting exports. On the other hand the FED is seeing cash pile up in the banks getting a return and must act to make this a less attractive option.
 
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