''Chris Martenson on what Job Numbers, the Fed, and a Drop in Oil Prices are Hiding!''
From RT.com...........''Welcome to Capital Account. The ECB plans to use its unlimited bond
buying program, known as OMT, to buy sovereign bonds for one or two
months and then suspend purchases during an assessment period, according
to Reuters. Attempts to reflate the global credit supply have truly
reached new levels. The central bank has gone from traditional monetary
policy of setting interest rates, to buying US treasuries and government
agency debt, to then buying mortgage backed securities to bolster the
housing market. All this is done under the guise of the Fed's "dual
mandate" of promoting full employment and price stability. And yet, the
only thing central bankers have managed to achieve as they break the
laws of physics is to inverted time and space and suck whatever duration
is left out of the bond market. To help us contemplate life after the
death of interest rates and the credit system, we talk to Chris
Martenson, author of "The Crash Course." Among other things, we ask Dr.
Martenson how he thinks the issue of credit expansion is compounded by
global energy resource depletion and population growth.''
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