Another couple for “warnings” today from Swedish media about the central bank and commercial banks going to increase rates in the future. Apparently many people are living above their means, not taking into account that interest rates will go up. Hardly anyone saving or preparing.
Again I need to say: no shit Sherlock!
How can journalists, cornflake economists, politicians and the lenders and borrowers be so utterly clueless? How stupid are you people? I said this would happen even before the central bank lowered interest rates down to zero. People are not used to work for a living; they are not used to harsh times or thinking a couple of years into the future. It’s all about spending now, things will work out, and the central bank will never do anything hurtful. Idiots. And this is also what our enemies are counting on. Getting all you baboons to go out shopping in order to keep GDP up is their mad plan, and it has partially worked. Well, the government is also doing a lot of spending, covering up that the populace isn’t doing as they are being told. But all in all, the scam has sort of worked. The “green shoots” are being hurled around like signs from the heavens; pundits are urging us to go into already way over-priced equity markets, and mainstream cornflake economists say the recession is over. You are being fooled, but it seems most of you don’t care.
The Swedish central bank is well on the way to destroying the economy. We are in a recession (in reality a depression) but housing prices are still going up. Unemployment is very high, the financial market is shaky, several main trading partners are showing horrific numbers, but housing prices are still going up. The economy is mainly based on consumption and services i.e. low production, but people are still borrowing and spending.
What you need to realize is that we have just hit the iceberg, water is pouring in, but the band keeps playing. The captain says everything is fine; the crew encourages us to play more roulette, and we are chopping up the life-boats for firewood to light the promenade where all the shops are. Buy more, spend more, and borrow more. And you, the clueless morons, you drink, spend, gamble and borrow some more thinking someone will fix the leakage. And that slight change in elevation and the fact that people are starting drown further down in the boat doesn’t concern you. Oooops, there floats the machinist and the technician out to sea getting nibbled on by fish, but who cares... Let’s roll the dice once more.
Interest rates are not going to go up 2-3% as journalists write or the banksters are “warning” about now and again, they will go up much more. If we are not in the double-digits in 1,5 years from now I will be very surprised. So if you have been stupid enough to take a loan, especially if you have bought a house or real-estate, and if you haven’t fixed your mortgages, you’re in big trouble. But hey, so is the general economy, we are all fucked, so keep on doing what you are doing. In either case I will have a very fun time watching the whole ship go down. Hopefully most of you will still be at the poker tables and keep shopping until you go boubleboublegouble - now that would be entertaining.
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