Quote Originally Posted by Kel View Post
Quote Originally Posted by Gandalf View Post
Been saying it for years. Raise the rates even a full percentage point and let's see what happens. The entire system is a fraud and the central banks are up to their eyes in debt now too. Who will bail them out? That's why they want to eliminate cash and implement a global currency as the only way to save the world from a crisis that was created by the elite to begin with. People will just blame foreigners and accept it as nobody ever wises up to the mess created by the financial elite. Greece is the experiment that they hope to take world wide eventually. Countries run by international finance without any means to defend themselves. You vote to resist in a referendum? The government will just find a way to turn it against you. Never let a crisis go to waste.
Central banks are not in debt, that's impossible as they create money from thin air.
The central banks have been taking on the bad debts of banks for the last decade. They have mountains of debt on their balance sheets and should be audited. It's like saying the banks have no debt because they too create money out of nothing, but they all failed and needed the government and central banks to rescue them. It's a scam. The same can happen to the central banks who like Walrus said do not have any ammunition. The question is how long can they keep it going, what will be used to bail out the central banks, and what will that mean for future of humanity. It's not looking good. They are making it up as they go along and they have got it all wrong. Don't forget central banks were invented to eradicate boom and bust cycles, yet here we are racing to the biggest crash yet at record low interest rates and a mountain of debts incurred by government, the public, and the central banks themselves.