Have you ordered

[DavidS]

But not that many people really want to buy EVs.
Can you see the prices drop and the infrastructure rise, both massively, in the next few years?

[garyboy]

I was browsing YouTube when I saw the date 1929, so i lookedat the video.
It's a cycle of boom and bust, led by the banks.
The economy starts off doing well. The banks let out loans. These are a debt. The banks print money to lend, but the money does not exist. Its down out of thin air assuming it will eventually be paid back.
The economy expands. Its a bubble that will burst, as the investments based on lending are dubious. They are based on debt.
The banks increase interest rates to slow down the economy, and cost of living goes up.
Bubble bursts, economy dives, banks lower interest rates to boost ec. But too late, businesses go bankrupt, people's assets etc are seized, as no money to pay back loans.

2024? ... repeat?

[garyboy]

So.. the banks profited from when economy rising.. using thin air to receive payments for so called loans, selling bundles of leveraged stock, then profited from incoming properties etc when people couldn't pay for the 'loans' when the economy crashed.

[garyboy]

I actually believed gorden when he said the days of boom and bust were gone.
It left me with 6000 of debt on my credit card. Remember
Interest rates going up to 25% ?
Youngsters laughed when I told them that mortgage interest rates wouldn't stay so very low.
Now they're struggling.
Perhaps banks wait a generation so people will forget. Great scam though.

Ktm, water companies, etc take out loans just before they go bust .. public finances pay.

Banks etc, too big to fail .. public finance them .. 2008.

Some are making a killing out of enforce d poverty.

[Richard Simpson Mark II]

Stock markets are driven by fear and greed.

fear > greed = deflation + recession

greed > fear = inflation + boom

A good chancellor aims to make sure greed is equal to or only just exceeds greed. Which is why the Bank of England is set a target of very mild inflation.

[Richard Simpson Mark II]

I actually believed gorden when he said the days of boom and bust were gone.
It left me with 6000 of debt on my credit card. Remember
Interest rates going up to 25% ?
Youngsters laughed when I told them that mortgage interest rates wouldn't stay so very low.
Now they're struggling.
Perhaps banks wait a generation so people will forget. Great scam though.

Ktm, water companies, etc take out loans just before they go bust .. public finances pay.

Banks etc, too big to fail .. public finance them .. 2008.

Some are making a killing out of enforce d poverty.

this film

https://www.theguardian.com/film/2021/m ... l-edelstyn

Pay to view, DVD or buy the book

explains how debt is used to create money, and what happens as a consequence

[garyboy]

Jesse James tried to buck the unjust system .. but the system used Greed to get him assassinated.
Like or loath, social media does highlight injustices.
Some countries want to ban social media for the young. God forbid these young develop an opinion.

Musk/trump ? .. control of finances, and social media?

Future looks interesting

[DavidS]

The trouble is, that opinion is based on the opinions of people who use social media.
Which is a reason why so many people wouldn’t touch it with a bargepole.

[garyboy]

What age group ,?

[DavidS]

I’m 70, which makes me a cynical old bu**er who believes no-one.