Interesting article by Marc Faber http://wallstreetexaminer.com/2016/...-created-global-socialism-backs-donald-trump/ He is a perma-bear and doom monger. BUT i think he has a valid point. Central banks are buying up bonds at insane levels. And its doing very little to jolt the economy's production levels, wages are stagnant, inflation stagnant and there is a brewing class of people extremely p*ssed off with the world. Politics has taken a big lurch away from the center ground So what will the central banks do next? Well of course they will buy more assets, corporate bonds, then what are they left with? Buying outstanding shares, houses etc etc. Before long central banks will end up owning more and more of everything. And when that happens they start making decisions based politically and not a free market. Normally this would happen in one or two pockets of the world and people can move their assets to more stable areas, but when it happens globally how is one safe from governments eroding free markets and our assets? Or the government looking to tax our assets to pay for their mess (wealth taxes, bank bail ins, huge hikes in inheritance taxes, devaluation of currency etc) I know this sounds like a bit of a conspiracy theorist thread and maybe i am going a bit nuts (happy to hear a positive spin on things) but how can one protect themselves should this rise of central bank dominance continue. I guess precious metals as they can be stored out of the way of governments. Paying off your home as quickly as possible so even if you cant sell the thing you at least have security.
you need to take your meds ... your whole post has conspiracy theory written all over it ... what do you want central banks to do ? let the economy go to pieces ? why would you pay off your house as fast as possible when rates are so low ?
Did you read the article? I'm just saying it has some interesting points. And there is a big socialist movement globally. Happy to hear arguments why the article is wrong
Don't know that there is a safe haven anywhere. For decades, the world has been marching towards global socialism. The players have always hated that the USA was the "one light in the forest"... and for globalists' objectives to be realized, the US had to be destroyed as "the world's only safe place from their socialistic tentacles". Well, they're working on it and will eventually prevail. 100 years ago, this wasn't an issue... not even a thought for most Americans. Now, however, it's on our doorstep.
there is not much substance in the article except for 'global socialism is coming' ... as I live in Europe where a lot of governments are partly socialist I am not too impressed ... it's not the end of the world ...
As usual, I am very confused... These places he's referring to are democracies. If we, the electorate, don't want to end up with socialism, we need to change our respective governments, so that they, in turn, change central banks and their policies. If we, the electorate, want to end up with socialism or are too stupid to realize that it's where we're headed, we deserve no better. What's the problem? Isn't this precisely what democracy is all about?
I live in Europe too. You say "what are central banks suppose to do". Well we are 8 years post crisis and in Europe ECB is still cutting rates, still increasing amount of QE, debt still rising. If it isnt getting better now what good will expanding the state even more do?
what alternative do you propose ? you might also want to read this on Trump: http://www.forbes.com/sites/rohitar...st-president-for-small-business/#f14c2db1c0fb http://www.standard.co.uk/business/...ng-top-10-global-risks-says-eiu-a3205406.html