This Global Coordinated Central Bank Action Beats the Lehman Crisis
Today there was a coordinated intervention of 6 major central banks to provide unlimited funds to European Banks. Stockmarkets were happy about this move, but is there really a reason to rejoice?
Again, more money is being released into circulation while job growth and a general recovery seem too become goals far out of reach.
When will the global system become so debt ridden that even massive intervention from central banks will be useless?
Well, I can tell you when.
When you cannot use low interest loan facilities in whatever form anymore, when gas prices and food prices increase more and more, when money is losing its value, that is when. Read my new book about the exit startegy!
Again, more money is being released into circulation while job growth and a general recovery seem too become goals far out of reach.
When will the global system become so debt ridden that even massive intervention from central banks will be useless?
Well, I can tell you when.
When you cannot use low interest loan facilities in whatever form anymore, when gas prices and food prices increase more and more, when money is losing its value, that is when. Read my new book about the exit startegy!
Comments