Tuesday, August 09, 2016

Dr. Marc Faber*: 
Central Banks Are Leading Us 
Into Global Socialism
"The central banks aren’t interested in what works, they’re interested in their own prestige. And they are so deep into it already and it didn’t work. They will increase the medicine .. Eventually, they’ll buy all the government bonds; they’ll buy all the corporate bonds, all the shares outstanding. Afterwards the housing market goes down, they’ll buy all the homes and then the government will own everything .. That’s the road to socialism .. I could see a situation where at the end the government owns all the corporations and all the government bonds and then we are back into socialism, into a planning economy .. The governments in my view, with their agents the Federal Reserve and other central banks and with the treasury department, they will do anything not to let asset prices go down .. If the stock markets go down, I’m convinced all the central banks will buy stocks. All of them."
link here to the reference

1 comment:

Anonymous said...

If central banks are going to play god with markets and money THEN at least do something good with it.... and pay these tabs.

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