A elite government bonds trader discovered how money is created and grilled Janet Yellen with questions at dinner.
A week later he was fired.
A elite government bonds trader discovered how money is created and grilled Janet Yellen with questions at dinner.
A week later he was fired.
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
It took a few months, but the Fed’s mouth-to-mouth resuscitation brought gasping investment banks and hedge funds and giant corporations back to life. Wall Street rejoiced.
But the Fed’s academic models never addressed one basic question: What happens to everyone else?
The Next international monetary policy Collapse is a Opportunity to Break Free of Debt Slavery…
The deception, naivete, and the amount of acting from officials and executives is amazing to see!
The vanishing trust, the snowballing banking crisis, and escalation of wars are all a result of this betrayal of trust in a non-virtuous worldwide market called global development, or simply “Globalization”.
The latest deception came from Haruhiko Kuroda, governor of the central bank of Japan (BOJ).
The Federal Reserve held $2.45 trillion of Treasury debt at the end of September 2015, and isn’t expected to sell U.S. debt soon.
We have read about the Negative Interest Rates Policy in Europe, is it any surprise if it comes to the United States?
Don’t be one of the millions of people who gets their savings, retirement, and investments wiped out.
Emergency government policies and farewell to your savings:
You will be taxed effectively on money you do not spend.