Lord Jacob ROTHSCHILD DUMPS The USD & BUYS GOLD – Warns World In Uncharted Waters
Investmentwatchblog.com
October 9th, 2016
Lord Jacob Rothschild has announced that he is actively buying up large quantities in gold, warning bankers that the world is now in “unchartered waters”.
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In his semi-annual address to investors at RIT Capital Partners, Chairman Lord Rothschild wrote that trouble is brewing for the global economy, adding cryptically that “the greatest experiment in monetary policy in the history of the world,” is currently being played out by central bankers.
“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world,” Jacob Rothschild, a British investment banker and a member of the prominent Rothschild banking family, underscores.
“We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale,” he stresses.
Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.
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