Central Banks Almost Always Print To Fuel The Boom And Ameliorate The Bust, But Today’s Challenges Go Beyond Keynes. In The Coming Economic Apocalypse, Most/All Paper Value Will Return To Its Intrinzic Value (Zero).
December 18th, 2012
Central Banks Almost Always Print To Fuel The Boom And Ameliorate The Bust
The Bank For International Settlements – Beware a Crash
….Unlike such ambitious promotions as global warming, economic affairs are more easily influenced, as the current economy is not just man-made but created in an unstable way.
The power elite have created a seamless network of something like 150 central banks around the world that pump outfiat money in excess of what economies need. When times are going well, central banks print to fuel the boom. When times are bad, central banks print to ameliorate the bust. But central banks almost always print.
By printing, central banks create terrible bubbles. And this is what has happened yet again. Stocks markets have inflated around the world and the US stock market has expanded a great deal as a result of what is euphemistically known as “easing.”
Easing is just more money printing and now the central bank supervising authority, the BIS, is calling attention to the bubble that its own facilities have created.