Deutsche Bank’s chief economist wants EU to Rescue European Banks Again

Deutsche Bank’s chief economist wants EU to Rescue European Banks Again

The following article could make for compelling read; I am providing you with an excerpt of the article. Should you wish to read the full article, please click the link and new window will open up.  and so I thought I would highlight an excerpt of this article before getting to the story at hand:  (Click the link at the end to access the full article.)

” We live in a world where the main driving force behind this illusory economic recovery is hot money and fraudulent data manipulation.  According to Government stats, inflation is nonexistent, but anyone with a grain fo grey matter understands that this is not the real case.  Rents, education and medical costs are soaring, and salaries are dropping when inflation is factored in.

In simple words, you are working more and more for less and less. This is not the American dream, but it is more in line with one of the worst scenes from a very scary movie.  The primary driver, however, is hot money; cut this supply and the economic recovery comes to an end.  Central bankers are aware of this, and that is why they are embracing negative rates as it’s the only way to maintain this illusion. But, the million dollar question is for how long? ”  Why everyone should own some Gold & Silver Bullion


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Negative Interest Rates Help Foster Economic Recovery Illusions (18 Jun)

High-Interest Rates not necessarily Good for Banks (17 Jun)

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