Australian (ASX) Stock Market Forum

The Great Reset

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Sean K said:
Keep fighting Winston!

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yes, but Winston not only had the support of his controlled media, but of people
My doom is education ..while 7y olds spend their time on ipads and still play phone apps games at 21 nowadays, I was reading science encyclopedia, litterature and getting high level sciences and maths degree later on.
I lived the disconnect between facts and narrative since the 1990s in France, and had 2 options fight or flee..
thanks God I fled here as the population or what's left of it is still dumb and dumber there, and now the same narrative is not only present here but swallowing the whole western world..
The reset is just the recipe behind, add covid and CC in the mix, just purposed made pretexts.
Sadly too much integrity to ride the wave, but now really back against the wall.
And even a flight out which i saw possible after 2y of country detention is not that feasible...
Was hoping for something more orderly than my arrival here 25y ago with a backpack...But seems like we will have to do a rush out
A down day today.So called university educated population who is unable to think whereas information..not knowledge ..is available on the tap mostly for free.
What's the point..
Thanks Sean!
 
I have a client who has a degree in behavioural science and is in marketing.

She points out that we are on being played on so many levels it's ridiculous... and have been for a very long time.

I believe even Plato had something to say on this.

The play of the day is a rehash of the fear narrative, just peruse any MSM site, and the over playing of everything. Every headline has Nightmare, Horrific, Terrifying, Enormous, Unprecedented, Scare, or some such embellishment.

the only thing really terrifying is the narrative in my opinion.
 
wayneL said:
I have a client who has a degree in behavioural science and is in marketing.

She points out that we are on being played on so many levels it's ridiculous... and have been for a very long time.

I believe even Plato had something to say on this.

The play of the day is a rehash of the fear narrative, just peruse any MSM site, and the over playing of everything. Every headline has Nightmare, Horrific, Terrifying, Enormous, Unprecedented, Scare, or some such embellishment.

the only thing really terrifying is the narrative in my opinion.
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people are so ignorate now days in the west. any one who questions where life is going is considered an extreme right wing extremist.
the groups like Antifa wore around in the Lenin and Bolshevik revolution along with weimar republic!
there is a reason why the German people turned!
 
wayneL said:
The supply chain problem is real, whether that Daily Mail article is totally accurate or not, things are going to get very interesting in this regard.
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Completely agree supply chains problems are real, but the Daily Mail's suggestion that COLLAPSE will happen next month...give me a break.
 
MovingAverage said:
Completely agree supply chains problems are real, but the Daily Mail's suggestion that COLLAPSE will happen next month...give me a break.
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It does seem incredulous.

But to quote not a few economists, things happen gradually and then all at once.

I think it pays to have a few roles of dunny paper in reserve ;)
 
wayneL said:
Fiat is destined to blow up, always. Always has, always will.

The question is whether by design/intention, or just by bad design, is the $64,000 question.
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I'm not convinced it'll actually blow up as such but I can't see any path that doesn't involve massive devaluation.

That is, I'm suggesting that the USD will still be a dominant currency 20 years from now but you'll need an awful lot of them in order to buy anything tangible. Same for other Western countries, how else is government going to deal with the amount of debt if not by means of inflating it away? :2twocents
 
wayneL said:
I think it pays to have a few roles of dunny paper in reserve
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Done that one.

Local supermarket was selling the stuff at a fire sale price recently, presumably due to excess stock now that everyone's got plenty from the great panic, so I decided to buy some.

As an investment well in % terms it's already beaten the ASX200, gold and most other things since the retail price has gone back up. :2twocents
 
Smurf1976 said:
I'm not convinced it'll actually blow up as such but I can't see any path that doesn't involve massive devaluation.

That is, I'm suggesting that the USD will still be a dominant currency 20 years from now but you'll need an awful lot of them in order to buy anything tangible. Same for other Western countries, how else is government going to deal with the amount of debt if not by means of inflating it away? :2twocents
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The reserve currency has always tended to change during hot wars... Which is how in fact the USD became the reserve currency, taking over from the British pound.

If the world can avoid a massive conflagration, then the USD or any such digital derivative thereof, has a chance of remaining the reserve.

If the current Sabre rattling turns into something a bit more fair dinkum then who knows what might happen in that regard.

There seems to be a narrative that the Chinese might be able to wop the American's @ss.... I'm not a military expert so I have no idea whether that is fair dinkum or not, but the issue over Taiwan might just be the decider over whether the USD or the Yuan is the reserve currency going forward.

Sheer speculation there, but who the hell knows.
 
wayneL said:
The reserve currency has always tended to change during hot wars... Which is how in fact the USD became the reserve currency, taking over from the British pound.

If the world can avoid a massive conflagration, then the USD or any such digital derivative thereof, has a chance of remaining the reserve.

If the current Sabre rattling turns into something a bit more fair dinkum then who knows what might happen in that regard.

There seems to be a narrative that the Chinese might be able to wop the American's @ss.... I'm not a military expert so I have no idea whether that is fair dinkum or not, but the issue over Taiwan might just be the decider over whether the USD or the Yuan is the reserve currency going forward.

Sheer speculation there, but who the hell knows.
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I have serious questions about the AUD
Lost 5% in the last 30d vs USD.
I am a natural pessimist so see no bright future to AUD
BUT our debt is very small compared to USD Euro or Yuan, and while we have no gold in RBA coffers, we have some still in the ground.
So it may be possible that the AUD remains at a fair level in a fiat crash. A minor but strong currency ,as Norway had , then backed by petrol 40y ago.
Pure speculation not based on any book or article i have read...
So far,as soon as the economy or markets sneeze,we go down vs USD
 
qldfrog said:
Lost 5% in the last 30d vs USD.
I am a natural pessimist so see no bright future to AUD
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I've got a few shekels in GBP ATM waiting to convert to AUD, so it's advantageous for me right now. While all the parties concerned have been procrastinating (Every pr¹ck seems to always be on leave over there), I've picked up 6 figures... So long as it doesn't reverse before we get this done.

But in the bigger picture... it doesn't seem good. it wouldn't surprise me to eventually see AUD down to around 50 cents again.

Watching bond prices for any clues there.
 
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