New Scheme To Inflate Credit?
Those sneaky central banks with goverments have a new play on undermining the value of fiat currencies. The German government should know better.
serf
https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606
Germany has come up with a huge new guarantee scheme to cover the effects of the energy crisis. This is the new normal. For the government, credit guarantees are like the magic money tree: the closest thing to free money. They don’t have to issue more government debt, they don’t need to raise taxes, they just issue credit guarantees to the commercial banks.
They’re impotent. This is a shift of power that cannot be underestimated. Our whole economic system of the past 40 years was built on the assumption that the growth of credit and therefore broad money in the economy was controlled through the level of interest rates – and that central banks controlled interest rates. But now, when governments take control of private credit creation through the banking system by guaranteeing loans, central banks are pushed out of their role.
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They should know better? Their goal is destruction. Are you saying they should use a more destructive means?
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Great article and the house of cards is following right along. Central banks will control everything. They control the stock market now by what they do. Add taking away money from the old... age.. folks dying off... and bingo they have total control . The following generations don't have a chance. This is so sad. It will take time .
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select-fire: 30429206527643/comments/30429203336987
Great article and the house of cards is following right along. Central banks will control everything. They control the stock market now by what they do. Add taking away money from the old... age.. folks dying off... and bingo they have total control . The following generations don't have a chance. This is so sad. It will take time .
Yep and the latest is UK Treasury To Bail-Out Bank Of England's £11 Billion QE Losses!
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Germany had their govt note sale yesterday..... no one showed up to bail them out. Europe is a mess.
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The sneaky banks you speak of along with big tech are running the county .
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Mr. Perfect: 30429206527643/comments/30429186188187
They should know better? Their goal is destruction. Are you saying they should use a more destructive means?
No I am saying The Wiemar Republic cause Adolf Hitler to come to power and Now after the world's fiat currency collapses we will probably get a new central control committee to do the same to the world's citizen under total equity control with a carbon finger print mechanism to control who's allowed to consume anything.
serf
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serf: 30429206527643/comments/30429220540827
https://forums.gunbroker.com/discussion/comment/11360391#Comment_11360391
No I am saying The Wiemar Republic cause Adolf Hitler to come to power and Now after the world's fiat currency collapses we will probably get a new central control committee to do the same to the world's citizen under total equity control with a carbon finger print mechanism to control who's allowed to consume anything.
serf
That is their hope.
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