Will You Get Your Money Out in Time?…”The “bank account tax” is coming.”
CaseyResearch.com
March 02, 2016
If you’ve been a Casey reader for long, you know the U.S. government has engaged in a long list of reckless acts since the 2008 financial crisis.
It has created trillions of dollars from thin air…it has borrowed trillions more…and it’s held interest rates at effectively zero for seven years.
Supposedly, these extreme actions were for our own good. Bureaucrats insisted that these policies would restore economic growth. Other world governments followed the U.S.’ lead, flooding the world with easy money.
These policies have been a miserable failure. The U.S. economy, the world’s largest, is growing at its slowest pace since World War II. China, the world’s second-largest economy, is growing at its slowest pace since 1990. Japan’s economy, the third-largest, hasn’t grown at all in 20 years.
Easy money policies did succeed at one thing. They sent asset prices soaring. Prices for stocks, bonds, commercial property, and fine art have all surged to record highs. Asset prices are now completely detached from the “real world” economy. We’re now in an “Alice in Wonderland” economy.
• Negative interest rates are the latest government scheme…
The Rest…HERE
