Is confidence finally being lost in central banks?
John Rubino, Founder of the Dollar Collapse website joins me to recap the major news events of the week. We start with the Fed statement but more importantly the market reaction. Then Trump’s tweet which swung some of the markets in the opposite direction. A lot to take in but overall central banks are leading us down a single road, let’s see where it all leads us…
Hello Tony……..central bank scum bags…….everyone is futzed (wrong word but you get the idea)
Hi…Jerry….So long as billions of people around the world keep their money in (robber banks ) the corupt banking system will exist , ME…the only money i keep in a bank is to pay bills , as there is no other way of paying them…….
Jerry , you know my old saying…”Dont let the bastards get to you “..& as you have said in the past ….dont feed the BEAST.
Ditto….on only keeping enough in to pay bills…..
From JSMINESET>>>>>>>>
Posted August 2nd, 2019 at 1:38 PM (CST) by Bill Holter & filed under Jim’s Mailbox.
Jim/Bill,
This period, the era of global interdependence under the guise of capitalism, will go down in books as the greatest heist in history! Allow me to explain.
Anybody who believes the actions of Central Banks are for the good of the people, needs their head examined.
This is all being done to support the banking community’s balance sheets and profitability.
Case in point……
With interest rates in the U. S. near zero and actually negative across the board in Europe, does anyone see mortgage rates dropping to around 1%? Or credit card interest dropping from the current 15-24% rate? Or home equity rates dropping from the current 6-7%?
Fat chance.
And to boot, now people have to PAY banks to store their money!
That tells you everything.
Friday humor / humour…..take the time to read the comments…
https://www.zerohedge.com/news/2019-08-02/friday-humor-new-outrage-essential-oil-helps-you-stay-constant-state-anger
I saw that………….funny……..everyone needs a little humor in the wacky world of make believe…. 🙂
Sick JOKER….of the week………….
Soros…..
https://www.zerohedge.com/news/2019-08-02/george-soros-expands-influence-over-us-politics
It’s taking a long time for that US dollar to collapse John, old boy.
Central banks will do just fine , so long as the IMF excists, Backed- up by the BIS…….
IMO…If confidence in central banks droped to zero, it would not make a blind bit of difference to their power & control of the worlds finances.
https://www.zerohedge.com/news/2019-08-01/ever-political-imf-meddlers-give-boris-johnson-unsolicited-advice