Back in June, the world was speechless when Goldman's head of the ECB, Mario Draghi, stunned the world when he took Bernanke's ZIRP and raised him one better by announcing the ECB would send deposit rates into negative territory, in the process launching the Neutron bomb known as N(egative)IRP and pushing European monetary policy into the "twilight zone", forcing savers to pay (!) for the[...]
Tag: central planning
Even The BIS Is Shocked At How Broken Markets Have Become
Not a quarter passes without the Bank of International Settlements (BIS) aka central banks' central bank (also the locus of some of the most aggressive manipulation of gold and FX in human history) reiterating a dire warning about the fire and brimstone that is about to be unleashed upon the global economy. It started in June of 2013, when Jaime Caruana, certainly the most prominent doom and[...]
Obamacare = A Death Panel For The U.S. Economy
By Michael Snyder, on November 16th, 2014 Did you know that some Americans are being hit with health insurance rate increases of more than 500 percent? Taking advantage of "the stupidity of the American voter", the Democrats succeeded in ramming through one of the worst pieces of legislation that has ever come before Congress. The full implementation of Obamacare has been repeatedly delayed, but [...]
The Shocking Way Central Planning Destroys Your Wealth
by Bill Bonner The economists who set out do to central planning, if they were in a small village, they could organize traffic by central planning. They could say, “Mr. Jones takes his car on this road at 4:00 in the afternoon, and then he’ll be over, finished, by 4:30. So then Mrs. Smith can go this way on this road, and she won’t hit him. And then the bus can pass here at 5:30,” and so [...]
Why We’re Poorer: Inflation And Deflation Are Now Globalized
by Charles Hugh-Smith of OfTwoMinds blog, We're being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure. As correspondent Mark G. observed in Globalization = Permanent Instability, it's impossible to understand inflation and deflation now except in a global context. Now that prices for commodities such as oil and[...]
Here Is The Most Frightening Prediction To End 2014 and Enter The Future
Today King World News interviewed a 60-year market veteran who made some absolutely frightening predictions as we head into the end of 2014. He discussed what to expect in the major markets, including stocks and gold, and he warned that despite the propaganda and recent stock market action, the West is literally “destroying” itself. Below is six-decade market veteran Ron Rosen’s remarkable[...]