Market breaks 20,000

[Gandalf]

Kirkland you are talking to someone who who has more planned to vanish more than most. I have researched the art of disappearing over many years and there are methods and ways that wouldn't even cross your pampered little mind. You have no ability to speak other languages, grow food or blend into the real world as another shadow. All you have are your ill gotten gains from a rigged system. Slimeball. To vanish you must become nothing.

The crash has been delayed because of artificially and historically low interest rates. You can dress it up how you like but until rates are normalised and nothing happens you do not have the right to say I am wrong.

[brocktonblockbust]

Mikes you admitted you cannot even cook.

[Gandalf]

Not a good cook but I have researched how to grow food over the years. Relatives of mine are farmers. I have spent time on the land.

[Beanz]

Mikes you admitted you cannot even cook.

Well at least he can smell spell.

Anyway Raw food! probably Alex Jones new thing


(in loud shouty voice)


RAW FOOD! THAT'S WHAT THEY DON'T WANT YOU TO KNOW. RAW MEAT, RAW EGGS, RAW GRASS, RAW FOOD. INFOWARS RAW FOOD IS 100% NATURAL (may contain traces of bullshit, alien conspiracy dust, cia aids and barry obamas birth certificate) 100% NATURAL AND ONLY $999.99

[Gandalf]

This whole obsession with markets is insanity really. The notion that economic growth is the be all and end all is so bogus. What is more important is sustainability and equality of opportunity. I despair of the human race really and increasingly so.

Even the very notion of work is an absurd one when you get down to it. Just a bunch of ants scurrying around scared to quit being a cog in the system. We do it because we fear being homeless and hungry. Then we retire and are so worn out that we die. Life should be for pleasure, for learning, for it is finite and instead neo liberalism dictates the rules. It makes you want to squat in mansions and become Robin Hood.

[brocktonblockbust]

It looks like beans watches Alex Jones a lot more than I do. I didn't know he sold rough Foods. What is this world coming to?

[brocktonblockbust]

As for my spelling beans I thought God asked smelling and so I said to give me a big one. Hahaha I said the same thing about my cock too

[Kirkland Laing]

Kirkland you are talking to someone who who has more planned to vanish more than most. I have researched the art of disappearing over many years and there are methods and ways that wouldn't even cross your pampered little mind. You have no ability to speak other languages, grow food or blend into the real world as another shadow. All you have are your ill gotten gains from a rigged system. Slimeball. To vanish you must become nothing.

The crash has been delayed because of artificially and historically low interest rates. You can dress it up how you like but until rates are normalised and nothing happens you do not have the right to say I am wrong.

Grow food. I'm fucking Kirkland Laing mate. Grow fucking food. I might have to make do with tinned foie gras instead of fresh but other than that there'll be no no change to the Laing standard of living. I could always get my butler to keep a few ducks and geese and force feed the fuckers himself I suppose.


How are interest rates artificially low you clownshoe? Central banks keep rates at a level where they create low stable inflation. The standard target around the world in advanced economies is 2% mean trimmed PCE. They haven't managed to achieve 2% since before 2008 and large parts of the world's advanced economies keep threatening to tip into deflation*. So according to the markets and our financial system interest rates are too high. The markets and our system are telling us they should be lower than they are to achieve the 2% target. Idiot.



*Remenber hyperinflation? The worthless fiat currencies in our pockets were going to be shredded to bits by explosive hypperinflation as the debt mountain crushed the global economic system, remember? You've been confidently predicting this every year since 2009. What happened to the hyperinflation, hmmmm?





One hundred trillion Zimbabwe dollars, or 1p/c. It's going to be the same thing here any time now, just you wait! Buy gold now!

[Gandalf]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

[Kirkland Laing]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.

[walrus]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.

You don't know shit

[El Kabong]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.

You don't know shit

....and here come the charts and graphs

[vidgil]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

[Kirkland Laing]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.

Come on then Miles.

[Kirkland Laing]

Sovereign debt Miles.

If you owe a million dollars and your income is ten thousand dollars you have a problem. You're insolvent. You don't make enough money to be able to pay your debts.

If you owe a million dollars and your income is ten million dollars you don't have a problem. You can repay your debt in a year and still have enough left over to get the groceries in.

So looking at how much governments owe and saying ooooooh that's such a lot of money, it's only a matter of time till the government drowns in debt, the currency collapses, we get massive hyperinflation and so on is a bit silly. The amount they owe is irrelevant. It's the amount they owe in relation to their income that matters.

Let's say you want to buy a house. You're in your mid twenties and you and your husband have great jobs as interior decorators and wedding planners respectively. You both go and apply for a mortgage. The bank lending you your money will let you borrow easily three and maybe five times your joint income for a period of twenty five years. They do this knowing you'll also get extra loans during this period for cars, home improvements, having copies of world famous tiaras made and so on.

Governments don't have the same restrictions on borrowing that you do. They're never going to retire so they can borrow over an infinite period of time. They're never going to get sick and be unable to produce income. They're guaranteed to earn an increasing amount of income every year. Most advanced economies are currently running a debt level of around a hundred percent of their income. Less than 20% of the debt level a lot of their citizens are. So they're a much lower risk of defaulting. The people who buy government debt, who are mainly pension fund/fund managers and other financial professionals, are the most sophisticated investors in the world. They know more about debt, credit, returns on investment and earnings than even Korean English teachers, and this is reflected in the disparity between their respective earning capabilities. Currently these investors in the case of most advanced economies are lending buying government debt at a real rate of zero to one percent interest. This is eminently affordable by every government.

But what happens if interest rates go up? What would it mean has happened to economic growth if interest rates go up Miles?