The only "policies" central banks have is to issue more credit at negative interest rates,
i.e. doing more of what's failed spectacularly, until the entire rickety travesty of a mockery of a sham collapses.
The only "policies" central banks have is to issue more credit at negative interest rates,
i.e. doing more of what's failed spectacularly, until the entire rickety travesty of a mockery of a sham collapses.
This is not true. Von Mises instructed us a century ago that there are two ways out: 1. Hyperinflation 2. Credit collapse and default.
✏The Creature from Jekyll Island Book Summary : Traces the
history of the Federal Reserve, revealing how the American
government has used the Reserve as a way to deceive
taxpayers and control the global economy and explaining
how the Reserve influences the flow of money between citizens,
businesses, banks, and the government.
Money is the cheapest I’ve seen it in my lifetime.
30yr mortgages and refis are at 3.00%, no points.
If nothing else, lock that in NOW even if you take no equity out.
When the inevitable collapse comes nobody is going to pay back anything anyway.
Thanks for posting.
And Elizabeth Warren is there to pick up the pieces.
The Third Bank of the United States is doomed to follow the first two down the drain.