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<blockquote data-quote="DaveGrohl" data-source="post: 7004320" data-attributes="member: 3563"><p>I have to agree with Clive to a large extent. It's going to take a momumental shift in worldwide monetary thinking before we see any significant rise in interest rates. Every central bank in the world is copying the Fed's money printing philosophies. They are thigh deep in the destruction of money, it's the only tool they've got, more of the same sh1t that got us here in the first place. A proper rise in interest rates will simply blow the worldwide economy to kingdom come. That's the system we have now.</p><p></p><p>I remember getting a loan for under 10% and thinking we were really going places!! Obv that was back in the day when people felt some sort of responsibility for finance rather than the ah fekk it attitude of today.</p><p></p><p>Destruction of money equals asset price inflation, so land values will have some protection as a result.</p></blockquote><p></p>
[QUOTE="DaveGrohl, post: 7004320, member: 3563"] I have to agree with Clive to a large extent. It's going to take a momumental shift in worldwide monetary thinking before we see any significant rise in interest rates. Every central bank in the world is copying the Fed's money printing philosophies. They are thigh deep in the destruction of money, it's the only tool they've got, more of the same sh1t that got us here in the first place. A proper rise in interest rates will simply blow the worldwide economy to kingdom come. That's the system we have now. I remember getting a loan for under 10% and thinking we were really going places!! Obv that was back in the day when people felt some sort of responsibility for finance rather than the ah fekk it attitude of today. Destruction of money equals asset price inflation, so land values will have some protection as a result. [/QUOTE]
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