Sunday, September 18, 2016

QE & Negative Interest Rates
Are A Ponzi Scheme
Saxo Bank CEO says central banks around the world are running nothing short of a "Ponzi scheme" by printing infinite amounts of cash and cutting interest rates to record lows in order to stimulate growth .. "There is no real wish to do the reforms, it is much needed to see growth .. It goes to Europe and to some extent to the U.S. as well. The real issue here is that there is no growth. The Danish Central Bank has been lowering their forecast for three times in a row, the latest out on Wednesday. You pretty much don't see a vibrant economy .. Negative rates are a problem everywhere and it is punishing people with cash which is not a good incentive structure."
LINK HERE to the article

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