Monday, August 29, 2016

Negative Rates & Cash Bans:
 The Chaos Continues At Jackson Hole
The Jackson Hole summit is attempting to find more creative ways of dealing with an economy which can not be bolstered with conventional monetary stimulus & even unconventional monetary stimulus .. "The assumption is that involved in the 'monetary debate' will come to a reasoned conclusion that society as a whole will be impelled to adopt. Those who do not wish to adopt such a solution – and who actively resist – may be prosecuted or jailed .. And so we observe Jackson Hole, which is presented to us as a conclave of elite thinking but which is actually nothing more than high-brow propaganda for a system that has already failed and – as compensation for its failings – now contemplates even more radical 'solutions' that will give rise to even worse problems .. The mechanism of central banking is purposeful ruin. The end-result of this ruin is global governance. In the short-term this goal is disguised by an academic patina. But the long-term goal, an increasingly apparent one, is a brutal restructuring of the lives of seven billion people to benefit a handful of elite controllers."
LINK HERE to the essay

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