From SmartKnowledgeU via Zerohedge
''Furthermore, the Central Bank race to the bottom in their fiat currency devaluation war and their devolution into a permanent Zero Interest Rate Policy continues to chug along. Just this past week, the Reserve Bank of Australia cut its key interest rate by 25 bp. When is the last time you heard a Central Bank in any major global economy help protect the purchasing power of people’s savings and in particular, help the elderly in their country that depend upon the preservation of the purchasing power of their savings, by raising interest rates?''
read more
No comments:
Post a Comment