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Kathleen McCroskey's avatar

Exactly, thank you! Most Central Banks just don't get it, they misunderstand monetary policy or are living in the deep past, or are vassals to the BIS (same thing) an facilitating the flow of the world's savings to the U.S. First of all, no economy can afford the burden of interest, esp with the lack of debt jubilees. The central banks have no concept of the difference between "fighting inflation" and re-flating an actually sinking economy. Yet they hold massive amounts of U.S. T-bills - debt instruments which they imagine as assets. Bonkers.

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