Australia Surprises With Rate Hike; Currency Jumps

Australia’s central bank surprised markets by raising its key cash rate to a two-year high of 4.75 percent on Tuesday, saying a modest tightening was needed as a pre-emptive strike against inflation.

As we have been talking about inflation coming many months ago, why would you be so surprised.  Commodities are skyrocketing, metals are too, and they are leaving the hallmarks of the beginning of inflation that will be here soon. In the grand scheme of things the lies are slowly unraveling so it will be interesting to see what happens at the elections and see if our forecasts from AUGUST Here proves true.

We feel that it is a constant barrage of the good verses evil out there. Many people are slowly waking up to what has been going on all these years, the creating of debt, deflation, stock manipulation, but these are just a sign of the times. Greed, lies, cheating and living a life of sin can be quite fun and enjoyable….but as the saying goes. All good things must come to an end. That is why it quite obvious to see many changes coming to many of the strong super power economies around the globe. There is a shift of equilibrium, and it even surprises us at how fast and strong this is coming forth.

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Remove Card and Take Bullion; Gold ATM . Yes you heard it right. Take a quick peek at the picture below.

Remove Card and Take Bullion; Gold ATM Debuts

Thats right! Forget line ups at the ATM do the smart thing and use your card to receive real gold, in the form of a bullion bar.

Amid fears over the strength of nearly every major currency, Abu Dhabi’s top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there the chance to withdraw gold from the world first ever gold dispenser.

With gold prices at record highs amid fears that the EU’s rescue package will drive inflation higher, the ATM monitors the daily price of gold and offers small gold bars that weigh up to 10 grams with customized designs.

This could be just what those who stay in one of the world’s most expensive hotels will need as they watch the euro, yen and dollar jump around in volatile trade.

Read the full article Remove Card and Take Bullion; Gold ATM Debuts Here

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what will happen in 2012 ???… well I must say that it is a question on every bodies lips.

It is not just a matter of asking what will happen in 2012 and guessing…..it is a matter of finding out what has been going on even hundreds of years ago, and using this information to give us a glimpse of what is possible or work out what will happen in 2012.

So just what do you think what will happen in 2012?

Click the “play button” below to find out some of our projections.

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Australia’s central bank today raised its benchmark interest rate by a quarter percentage point for an unprecedented third straight month.

The actual thing that was running through my mind was that this isn’t going to help people have a good Christmas. As more money now will be going into their home loans and less money on presents.

Once again this is confirming our views that the first signs of inflation are on the way. Even for a smaller economy and smaller country like Australia. I am the first to admit we have our fair share of problems and our government at times is more like watching a circus de sole act. But there are many countries watching what happened here here today.

Mortgage Repayments

This year’s interest-rate increases add about A$150 to monthly repayments on an average A$300,000 home loan, and may prompt consumers to trim spending that surged in the first half of the year after Prime Minister Kevin Rudd’s government distributed more than A$20 billion in cash handouts to households.

Mr. Kevin ‘fuddy duddy’ Rudd cleverly put us Aussies into debt overnight by copying Obama and spreading money all over the place when it clearly wasnt needed. Funny how when I ask around the stimulus money was bascially spent on Beer, wine, gambling and then maybe some gas to fill the car. So did it go back into the real economy, my thoughts would be NO.

It will be interesting to see what happens in the next few months especially with this fresh Dubai news that has hit the markets also.

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The $7 Dollar Hamburger

Well, I hope you had an interesting weekend as I. I must tell you a story, that is simply amazing.

I was at the beach and a bit peckish. So I go up over the dunes to a surf snack shack. I use to frequent the same shop with a different greasy owner when I was a youngster. I remember I use to pay about $2 for gigantic whopping burger, that even as a young man in my 20’s was hard to scoff down. They were delicious, ANYWAY… I got to the counter and see the menu very different and burgers have gone up to $7. I thought to myself INFLATION IS A B&^TCH!

I had $10 in my pocket and thought what the heck, its going to be a whopping burger, so I gave this old greasy lady my ten, and by the state of her weathered greasy hands I was afraid to receive my change.

OH HOW TIMES HAVE CHANGED!

When the burger was cooked she handed me this small pancake looking burger, wrapped up with grease dripping everywhere. I looked up at her with a weird expression and said “errrr, thanks!” She smiled at me, like she just spat in the burger and in her croaky voice said “Enjoy!” and then she cackled like a dirty old witch.

I wasn’t sure what to do, but I just paid $7 for this damn thing so I sat down and started eating. I must say, it looked like something out of a bad 70’s horror film but it didn’t taste to bad. But changing $7 for a meal fit for a raccoon, was a bit steep i thought.

I have never paid $7 for a hamburger in my life and probably never will again, as I felt completely robbed. But you live and you learn. I thought for $7 the lady behind the counter was going to shaprone me round, wash my car, and shout out nice compliments to me for 24 hours.

But things are tight at the moment, thought you would enjoy this and reminder to all that we gotta help each other out as time moves on. Was a good lesson of inflation for me. Things dont always stay the same price forever.

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If the thought of the US dollar crashing, or devaluing makes you laugh, or shake your head because its just a myth, think again!

I was listening to Ben Bernanke’s (Federal Reserve Chairman) Audio last week. Who in front of Congress  blatantly admitted to having no concern for the dollar. He stated his job was to stimulate the economy, (not to mention his own bank account!) Which means print off money and throw it around into the markets and other companies that don’t need it in the first place.

That is only part of the reason why the market has been heading north full steam ahead….

I must be the first one to say here, that if you go back hundreds of years, in any economy and see the consequences of such actions and its not rosey picture.

Let’s take for example South Africa, or what has happened in Zimbabwe recently. The consequences of such actions has already taken place there and many crazy pictures are showing up on the internet.  When you have a look at them (see below) It’s like some sort of bizarre scene out of a “Gods must be crazy” Film. But the only crazy people are the ones running this show. The governements and media.

In Zimbabwe things are drastic and their country has fully collapsed. Hyperinflation has riddled the country, destroying their currencies and the true gentle spirit nature of it’s people.

Check this picture out below. It’s is a picture of one of the locals racing off to the shops to errrr… buy a loaf of bread! Ah you forgot your wheelbarrow mate! “Oh you couldn’t afford one!…RIGHT!”

Jokes aside, this is a serious situation. It’s sad really!!!! I would not want to be living in a place like this, that’s for sure.

The scary thing is that the US and some other countries are about to undergo a massive currency correction, and valuation also. How much?, well….time will tell? But the effect will have dramatic consequences on many families, young and old, rich and poor!

THERE ARE BIG CHANGES COMING FOR MAJOR COUNTRIES AROUND THE WORLD. Zimbabwe is only one small portion, that has already felt these effects.

What will really matter is how this will affect people psychologically. I know that people are in trouble now financially but when people get DESPERATE, they can sometimes do DESPERATE things.

Anyway….Its kinda hard to explain what is going on without showing some charts. Here is one that will simply BLOW YOUR  MIND!.