central bank bubble?
derryb
Posts: 36,823 ✭✭✭✭✭
Nearly 40% of global GDP in the the hands of central banks and growing. This ain't gonna end well. Got insurance?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Knowledge is the enemy of fear
Wall St. hands gaining more control of your economic future.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
Don't be so naive.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
No matter what you believe, you are not an island.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Just a few years back over 60% of US GDP was in the hands of the US banks.
A few years back the a lot of bailout money was put into the hands of US banks.
A central bank's balance sheet is very much different than a private bank's balance sheet. And what happens to those assets (liabilities) is also very much different.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So much doom and gloom derryb. We should get together for a beer, or a whiskey. I'll cheer you right up. I'm serious. I'm in your area occasionally.
Knowledge is the enemy of fear
Australia is not an island. It's a continent.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Knowledge is the enemy of fear
Australia is considered a continent by geographers due to it's large size.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
if we only knew what hillbilly was talking about behind closed doors
what's the record for the tallest house of cards?
are we there yet?
Great metaphor. There are others, and also cute cartoons, that suggest the world is ending..
Luckily, it very seldom does
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
Stacking PMs has nothing to do with the end of the world - it has everything to do with the destruction of a fiat currency. Currencies are much more susceptible to death than are civilizations.
From an early conspiracy theorist whose warnings were ignored:
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." — Cicero, 55 BC
While Rome did not have a fiat currency it did continually debase it's gold and silver coinage by continually reducing the PM content of the coins. This is why the answer lies in Cicero's warning and not in a gold backed monetary system. Fiscal discipline is the modern solution but it will continue to elude us as long as personal gain remains available to those we depend on for such discipline.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
but we aren't there yet, imo.
also, those in control can change the rules.
the cards can have sandpaper placed on them.
there is the greek "solution" where certain holders of greek debt "agree" to take less, much less, on their returned principal.
there is more money printing, a lot more money printing.