Quote from: jaberwock on Today at 12:22:35 PM

Quote from: Fortify on December 02, 2021, 09:31:24 PM

I'd say it's a clear sign that governments all around the world have been buying assets and printing money like crazy. It has been going on for far too long now, pretty much since the 2008 recession and it kicked back into overdrive mode at the start of Covid. Sure, they might have averted an immediate recession but it just tends to push the problem down the road and now we're starting to see runaway inflation. It's going to hurt a lot of people when interest rate rises kick in - credit has been so cheap for so long that people won't be able to cope when their mortgages start to double or triple in cost in a few years time. It was reckless behavior by central banks and rather lazy, they tend to change their minds and adapt too slowly while claiming to be super experts.

Sometimes I do ask myself, is it that the government doesn’t know the consequences of the actions that they are taking? How can a government that is filled with lots of people who can sit down and discuss any issue, not know that there are going to be consequences to the actions that they are going to be taking? Seriously, I do think about this a lot, because I’m sure that before the government takes any action there are lots of people there who would have to sit down and discuss about the action that the governments are going to take and whether it is a good one or not, and how it is going to affect the economy of the country.

There are two things that happen which causes politicians to act the way they do, to begin with they believe they are above the rest of the population, so even if what they do ends up affecting people they do not believe they will be part of the ones that are affected, the other reason is they believe this time will be different and they will be able to control the inflation they are generating, but we know that every single government before has thought the same and they have failed, and many times they will not realize their mistake until heads are rolling on the street, sometimes literally, but by that time it is too late to do anything about it.