The new president
The young Argentineans have realized this guy is right. If he wins the presidency and does a smidgen of what he preaches, Argentina will be an economic power house.
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Queensland Housing Crises
The Queensland government is introducing a higher level of price controls which will lead to more shortages, making the government driven crises worse.
Trevor Rawnsley from the Australian Resident Managers Association suggests a bureaucrat decides what private citizens can do with their property regarding short term accommodation, if he gets his hair brained idea into legislation, the crises will be even worse.
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Bank deposits insured. Purchasing power decimated
The Reserve Bank and the Fed can guarantee your deposits as far as the eye can see, but as Alan Greenspan once said, they cannot guarantee the purchasing power of the dollar. Get ready for high, if not hyper inflation.
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Deutsche Bank and Credit Suisse
Have a look at the share prices of these investment banks. The 2023 financial crises continues while every day Australians cruise along without a care in the world.
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Silicon Valley Fractional Reserve Bank
The Enron moment is upon us. Silicon Valley Fractional Reserve Bank is the start of the 2023 financial crises.
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Mareeba Airport 'Privatization'
The proposed privatization of the Mareeba Airport is not a proposed privatization. Its quasi communism...
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Defending the biker
My take on the former Hells Angles biker buying $27,000 worth of gold from the Perth Mint..
https://www.abc.net.au/news/2023-03-06/perth-mint-sells-gold-former-hells-angels-bikie-without-checks/102048620
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Repossessions soar
More debt ridden owners Can't Afford Their Car Payments Than During The Peak Of Financial Crisis
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Buying gold and silver
There are many pitfalls and risks with buying gold and silver. Today's video clarifies the process in Australia.
https://freedomonline.blog/2022/06/04/where-to-allocate-capital/
https://www.ainsliebullion.com.au/
https://www.abcbullion.com.au/
https://kms.kinesis.money/signup/KM13768178
Brendan Williams 0447 809 808
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Digital Scourge
Australian cryptocurrency exchange Digital Surge collapses into administration
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No bidding allowed on rental properties
The NSW Government wants to pass legislation to interfere in the market they interfered in that caused the situation in the first place.
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Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria - roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country's Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.
Articles by the Amateur Economist
https://freedomonline.blog/
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Bought the wrong company and made a killing.....
A message to my friend about Polymetals Australia versus Polymetal International PLC.
Warning - this is not financial advice. I am not a financial advisor.
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Where is the eighty trillion?
The Bank of international settlements have issued a report disclosing the current derivatives market is missing eighty trillion dollars?
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Patriarchal, misogynist, oppressor
If there's war between the sexes, there'll be no people left. Joe Jackson....
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Money
This one tells you what will happen to their CBDC'S. Listen out for when they introduced the second currency. https://anchor.fm/theamateureconomist/episodes/French-Double-Currency-Collapse-e1gq73s
Money has to have a store of value. Money is a commodity. Not a blip on a screen. The money the market chose as the best store of value is gold, silver and copper.
We did not always have central banks and governments issuing the currency, we had paper that had a claim on money (see attached).
The note is redeemable in money, it is not the money itself.
Regardless of where I have put my money, I know a man who has all of his wealth in silver 1kg's, 1 ounce coins, and one ounces of gold, just bullion as close to spot price as possible.
My super fund looks the same as my personal holdings, exactly the same companies. When I receive a settlement, I just allocate funds to companies I own shares in, and buy physical silver. I do not look to see what the dollar price of a share in a debt free, free cash flow, dividend paying company is on a particular day. I only care about how many shares I have in that company, because the dividend is paid per share, not on the amount of dollars the company is worth. Why, because the dollars are made up crap. The company's stock is a portion of the company you own. Buildings, production, vehicles, etc.
For a Reverse The Reserve Bank of Australia T shirt, go to https://theamateuraustrian.com/collections/all
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Asx down more
The ASX has been dropping in fits and bursts over the past year. Down another 1.7% today.
For cool Amateur Economist T shirts, hats and long sleeve T's, go to https://theamateuraustrian.com/collections/all
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The difference between a loan and a deposit
In Chris Leithner's book "The evil princes of Martin Place", chapter 3 explains the history of common law as it applies to loans and deposits, and draws the distinction between each. He enlightens us to the fact that today, the lines are blurred between deposits and loans, where they should not be. Mal practice is at play, if not outright fraud.
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September 30, 2022
The environmentalists want to stop the local wind farm going ahead. They want to save the wild animals and trees. I want the government to stop stealing from me and plunging us ( the taxpayer) into unpayable debt to give the owners of the wind farm , Epuron $500,000 a year for each turbine. Or forty seven million $ per year. Wouldn't it be nice if you could have the government steal from somebody else and subsidize your business?
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Capitulation
The English central bank has thrown in the towel and started quantitative easing after previously stating they were committed to fighting inflation. Watch the inflation soar. How long before the rest of the world's central planners do the same.
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The Reserve Bank of Australia's balance sheet
Comments on the Reserve Bank of Australia's deputy governor Michelle Bullshit's article explaining how the Reserve Bank can trade insolvent and print money to fix the money printing
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