322 - The Ring of Inflation

So number one was obviously we told you guys roughly, was it five years ago to buy Bitcoin at 20 grand? And now it's at $120,000 Australian dollars.

We predicted last year that interest rates were going to go back up this year, even though all the mainstream media was saying it wasn't going to.

We predicted, and hold on, this looks a little bit on the piss.

Let me fix this up.

There we go.

We predicted, obviously, all the COVID stuff aside, but that's not really economics wise.

We predicted the last few months that obviously interest rate rises were coming and that things were getting worse.

And we also predicted late last year that anyone who took up that 5% deposit guarantee to buy a home from the government was going to end up in negative equity this year.

And

We also predicted what the interest rate was going to be.

It's not there yet.

But it's on its way.

But we're on our way.

Yeah, yeah.

So, look, if you

do want to hear things first, we seem to be a pretty good place to listen.

And I just want to, for new listeners, the previous, our usuals know this, but we have seemed to be able to develop a very good algorithm for decision-making.

Yeah.

And... having this show has been able to hold us accountable to those things on a weekly basis.

So things that we get wrong, we can talk about getting it wrong.

but also things that we get right, we can talk about getting it right.

And there's a lot of right.

Yeah, and I know that that opening statement sort of sounds really wanky, but I think it's just important to remind people that on some of these really critical things where if you were listening and if you took action at the time we said these things, you would actually be better off, whether it's health-wise, finance-wise, those sorts of things.

And it's not because we are smarter than anyone or anything like that.

It doesn't come down to that.

So number one was obviously we told you guys roughly, was it five years ago to buy Bitcoin at 20 grand? And now it's at $120,000 Australian dollars.

We predicted last year that interest rates were going to go back up this year, even though all the mainstream media was saying it wasn't going to.

We predicted, and hold on, this looks a little bit on the piss.

Let me fix this up.

There we go.

We predicted, obviously, all the COVID stuff aside, but that's not really economics wise.

We predicted the last few months that obviously interest rate rises were coming and that things were getting worse.

And we also predicted late last year that anyone who took up that 5% deposit guarantee to buy a home from the government was going to end up in negative equity this year.

And

We also predicted what the interest rate was going to be.

It's not there yet.

But it's on its way.

But we're on our way.

Yeah, yeah.

So, look, if you

do want to hear things first, we seem to be a pretty good place to listen.

And I just want to, for new listeners, the previous, our usuals know this, but we have seemed to be able to develop a very good algorithm for decision-making.

Yeah.

And... having this show has been able to hold us accountable to those things on a weekly basis.

So things that we get wrong, we can talk about getting it wrong.

but also things that we get right, we can talk about getting it right.

And there's a lot of right.

Yeah, and I know that that opening statement sort of sounds really wanky, but I think it's just important to remind people that on some of these really critical things where if you were listening and if you took action at the time we said these things, you would actually be better off, whether it's health-wise, finance-wise, those sorts of things.

And it's not because we are smarter than anyone or anything like that.

It doesn't come down to that.