Inflation/Deflation, Major Systemic Problems, Loss Of Confidence And The Crack-Up Boom…”Guinea Pigs in Monetary Experiments”

Thursday, November 19, 2015
By Paul Martin

KingWorldNews.com
Nov. 19, 2015

Today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world, and also recognized as some of the most unique work in the gold market. Below is the latest exclusive KWN piece by Ronald-Peter Stoeferle of Incrementum AG out of Liechtenstein.

By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein

November 19 (King World News) – Guinea Pigs in Monetary Experiments

It seems strange to us that after seven years of unconventional central bank policy, there is no debate as to whether these measures have any effect at all, respectively whether the situation wouldn’t actually be better without QE. The narrative of rising asset prices and a relatively painless way to supposedly sustainable growth is barely questioned.

Unconventional monetary policy is justified by an emergency situation and is only temporary. Or is it not? How simple is the often-promised return to “monetary normality” really? In this context, Japan is an example that proponents of monetary policy experiments would rather not look at too closely. The country is a “model student” of highly aggressive monetary policy.1 Zero interest rate policy has been de facto in place there for almost 18 years. Every attempt to hike rates came to grief within a few quarters and had to be rescinded again in embarrassment.

The Rest…HERE

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