Cornflake-economist does it again

The crisis and some stupid Baltic States might make interest rates go up in Sweden? No way… And a couple of mainstream cornflake-economists in Swedish are today saying that sometimes interest rate goes up! Wow… really?

I wonder how many of you chimps out there followed my advice and avoided taking a first or another loan in order to buy things you cannot afford? Since prices have gone up a lot on real-estate and the spending on everyday gods haven’t really gone down during the crisis, I’m guessing there is a lot of you now sitting with new huge mortgages and loans wondering where all the money went. And when the interest rates goes up - I’m not talking minuscule 1-2% no it will go way higher - how will you fools repay your debts? If you did as I have suggested since long before this crisis started and saved your money or put in something safe like in Gold you are still okay, but you haven’t, have you?

The inflationary house prices in Sweden together with all those loans, the governments increasing debt-policy and the continuation of the recession is a small disaster, ad to this the unemployment plus the still dropping trade numbers and my home country is in some serious dodo. When the depression hits the world with full force during the coming years Sweden will be among the biggest losers despite doing quite well at the moment. The inflexibility of the Swedish labor- and financial markets will make things even worse but the unwillingness of doing what is correct will lead straight to the abyss. Not even the center-“right” government is doing the proper thing; they are instead increasing debts, encouraging borrowing/spending in addition to not doing a damn thing about all those stupid laws that is hindering peoples freedom.

If you really were so stupid that you went out and borrowed a lot during todays fictive 0% interest rates and even more foolishly spent it on real-estate, you are an idiot and should pay the consequences of this, but the rest of the country will fall because of this. When all you chimps cannot afford to repay and the defaulting reaching certain levels during the worst crisis in human history, it will be horrifyingly bad. Families forced out in the cold, beggars everywhere, riots in the streets, alcoholism skyrocketing and so forth. You think I’m exaggeration don’t you? Yeah, keep scratching that belly of yours and ignore those that have been correct about everything so far and keep listen to the enemy class, let’s see who is right in the end.