Tags » The Fed
By Tekoa de Silva – Re-Blogged From http://www.Gold-Eagle.com
Following a recent keynote presentation at the Sprott Natural Resource Symposium, James G. Rickards, best-selling author and advisor to the US Department of Defense and Intelligence Communities, was kind enough to share a few comments with the… 3,780 more words
August 27, 2016
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Negative rates should be integral part of central bank policy options … Central banks should make negative interest rates a fully integrated part of monetary policy in order to respond effectively to future recessions, according to an academic paper presented on Friday to some of the world’s top central bankers.
Here is a prime example of the kind of nonsense that passes for economic wisdom at the Jackson Hole meeting.
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In a lunch address by Princeton University economist Christopher Sims, policymakers were told that it may take a massive program, large enough even to shock taxpayers into a different, inflationary view of the future.
Source: GoldAndLiberty, by Claudio Grass
It has been almost eight years since former U.S. President George W. Bush warned the world that “ without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.” The government’s response to the crisis was a USD700 billion rescue package that would prevent U.S. 293 more words