Monday, June 27, 2016

Central Banks Are In Trouble
"We believe under our faith-based fiat currency system, currencies will be faith tested by doubts over the solvency of the dollar system, political worries this November and geo-political concerns. In an environment of failed quantitative easing, Brexit and the latest rounds of negative rates, the economic consequences are clear. Central banks are at the limits of what they can achieve, particularly without the support from their respective governments from fiscal policy. Investors and savers are looking for alternative stores of value .. In the last 20 years we have seen steady debt accumulation, globalization and a shift of risk to debtors at the expense of savers. A new monetary order must emerge. Stores of values are needed and sooner or later everyone must deal with the consequences of the past. Central banks are part of the problem, not the solution. Gold will be a good thing to have."
- John Ing
LINK HERE to the article

1 comment:

Anonymous said...

The Supreme Court vacated the conviction of Bob McDonnell, making it harder to prosecute officials for corruption

https://twitter.com/nytimes/status/747442883284897792