It's ALL Secret

'Large' as in 'owes a lot of money' property and real estate companies are collapsing everywhere across the world right now - in Sydney a huge one run by Jean Nassif just hit the wall, and in Europe the really gigantic Signa went broke. 

Signa 'owns' flagship London City real estate like Selfridges Department Store among a constellation of large irresponsible holdings.

We're going conservative -
no more talk of ET Aliens...

All of this is on the 'basis' - so the general media outlets say - that because they had borrowed when money was free, now that the interest rates are a minuscule 5/6 % they naturally have to go broke!

Money is never free.

If you thought that funding capital with 'free' borrowed money would permit you to just spend and spend and spend on ever more outrageous and commercially stoopid projects, then it would seem that two other essential aspects to business were eluding your mind all along:

1. the projects should (must!) generate a net positive cash-flow;

2. you have to pay back the money that you borrowed and what was the thinking on that? That money was always going to be 'free' and that selling capital assets would be able to fund/re-fund all initial liquid funds proportions of capital - which was borrowed in the first place?

Which insane banker lent to this kind of lunatic nonsense?

Well - all of them did!

Now you've got two other problems...

Firstly of course, you have the corporate collapses.

And secondly you have what must be technically insolvent banks.

The real problem to the claptrap being spouted in all of the corporate media everywhere right now is that this is the 'end of the interest rate tightening cycle' (there is no such thing as an 'interest rate cycle'), and that inflation is coming down and so interest rates must be - will be - cut by central banks.

Okay I changed my mind.
...What you don't know - but
you now do 'cuz I just told you:
there are these private parties around the
place, where all the rich
men and women
dress in expensive
Fendi modernized Star Trek
gear.
This pic above is the absolute
latest Fendi fashion, and to even
buy it you have to be on a 
'special customer list.'

The idea that because corporate holders of real estate all went broke necessarily therefore the real estate prices themselves must fall is sheer nonsense - banks cannot afford to write back the values of the assets they just stole from the collapsed enterprises or they too will also go broke.

After all they never had any real money to lend in the first place; they took it from those central banks who got it from you the taxpayer and the insane lunatic legal codes and weirdo fake 'democracy' constitutions and whatever else has allowed them to even exist.

Here, right here in this place we do buy silver and some gold.

And why do we do that?

Or, better question - how can we do that?

Well because we have a net positive cash flow that's how come we can.

It's modest but it is not meaninglessly so, and it certainly is sufficient to permit me or Bill Smith to go down the Terrace a few blocks and head into the Perth Mint and buy things there with our registered account/s.

The amount of economy-wide risk in the world right now is absolutely stupendously huge - and there is no way that an expression of that risk equates to 5% benchmark government bond rates in major Western economies.

If you had a lot of money to invest for gain, then in the words of Elon, at 5%: 'Go * *.'

So.

Okay. You're a central bank and my god you are so important. You want to offer to the market of serious professional investors some of your rubbish debt at 5%.

And seriously, you have convinced the whole GD world that real estate is a great investment, and money was able to be lent/borrowed over the last twenty-odd years for nothing, and it can all go into real estate development, and that this is the 'end of the tightening cycle' and everything is fine and everything will be great moving forward.

Yeah yeah no problem.

Fifty million listen to the Fed and all of the TV-land commentators every day, every month, every year.

No one, practically-speaking, comes here and listens.

Every day on
the Golden Road...

And that is why the Golden Road starts here and it even ends here as well.

This is the Golden Road and you are on it.

Jesus did not quite come back already yesterday.

...But the Wise Maidens sure as heck are here.

And they have the oil for their lamps.

Am I right?

No one else has any oil for their lamps - and things have never been darker.

I know some of you look at the recent jumps in commodity gold, and say 'Gee if only.' And Calvin said not to.

Calvin s-a-i-d stay here.

Here, we don't self-indulge in two per cent 'leaps' or get emotional about fragile rises, or seeming rises.

We get upwards of twenty per cent annually and take massive multiples in capital gains and if we can, we avoid taxes too!

I mean we're not supposed to, right. I get that. You can get fined and even jailed if you do that intentionally or you do it on some grand scale.

And we would never do that.

At least not intentionally so that we could be found out.

It's all secret - all - the Golden Road, the ET Aliens, the private parties, the way out...

You just happened to find your way here. What will happen next?