Not exact matches
The survey results will not have
gone unnoticed by the European
Central Bank (ECB), which continues to pump
money into the euro zone economy via its quantitative easing program.
Going back to the lesson he learned from his mentor Speros Derlles, Stan Druckenmiller notes that probably 80 % of the «bib, big
money» he's made has been on an investment somehow related to
central bank policy.
But some
central bankers have said that issuing their own currencies on some sort of blockchain could make it easier for citizens to use the
money without
going through intermediaries like
banks and credit card companies.
The stock market has
gone up since 2008 in America, Europe and all over the world because
central banks have flooded the economy with new
money.
This
goes back to what I have read about hard
money,
Central Banks, etc..
In addition to near zero interest rates,
central banks created excessive amounts of
money by issuing trillions of dollars of bonds, e.g. QE1, QE2, QE3, QE4, etc. pushing unprecedented amounts of newly created
money into global markets to contain the growing deflationary threat; and, while it failed to contain deflation, the excessive liquidity is now circulating in markets with no place to
go, akin to moribund monetary edema.
The author isn't arguing that
central banks are
going away anytime soon, or that cryptocurrency will replace fiat
money.
Also, if our country's
money supply were to
go up — either via our
central bank, the Federal Reserve, or due to rising wages — it could also boost inflation.
One might even
go so far as to think of «real»
money (
central bank notes and deposit balances) as a crucial «raw material» from which
money substitutes (various sorts of
bank deposits) are made.
To the extent that the first chart above (SPX futures) reflects a combination of
Central Bank money printing and investors
going «all - in» on stocks (record low cash levels), IF the
Central Banks simply stop printing
money and do not shrink their balance sheets, who will be left to buy stocks when the selling begins?
Everyone has a different interest, but the reality is if the big picture way of looking at things is hey there's too much debt then
central banks are
going to be forced to devalue their currency to finance that that you're probably
going to want your
money in something of tangible value as opposed to something based on that currency which is
going to be devaluing.
So if we started to get inflation that's
going to create a real problem for the
central banks because they won't be able to emit in the quantities of currency they've been emitting because that will fuel inflation and inflation of course destroys capital, it destroys the savings, it destroys the purchasing power of wages and people actually have less
money to spend, less purchasing power.
The whole discussion that we should have on here is on de-dollarization, but the conflict that's
going on right now and part of the answer out of that is what's
going to happen to cryptocurrencies because it's a way of getting around the controls that the
central banks really have on the creation of
money, the value of that
money and the debasements of those currencies.
He said government pays its expenses and salaries from its own revenue without
going to the
Central Bank for
money.
«He told EFCC's interrogators that he
went to the
bank on that fateful day with Imasuen and a former House of Representatives member representing Edo -
Central, Tony Azeigbemi (who has yet to be arrested by the EFCC) and the
money was handed over to them by an official of the
bank.
But in a statement from the Nigerian Wailers signed by its Deputy National Publicity Secretary, Mr Fasipe Oluyemi, the group has called on the good people of Nigeria to come out en mass for a protest (#OccupyCBN) to stop this impunity of the Fraudulent Forex Trading, Round Tripping and racketeering
going on in the
Central Bank of Nigeria aided by its Governor, Mr. Godwin Emefiele and bring to an end the Manipulation of Forex, illegally funding Federal Government budget, short - changing the
Money Deposit
Bank's reserve ratio at the expense of the Masses as the abuse of internal process.
Is the Chinese miracle
going to continue or was it due to a
central banking money bubble?
i) Like politicians have discovered with entitlements,
central banks will also realize how incredibly difficult it is to reverse course, their promises & most of all the flow of
money, or ii) they
go ahead and withdraw the monetary, and even fiscal -LRB-?!)
The author isn't arguing that
central banks are
going away anytime soon, or that cryptocurrency will replace fiat
money.