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TIME: Global Elites Are Losing Sleep

GeoLaureate8
Posts: 12,252
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1/31/2013 7:27:25 PM
Posted: 3 years ago
Why the Elites Are Losing Sleep
Time Magazine

We are now in historically uncharted territory in terms of how much central bankers are doing, in lieu of real political action, to try to boost the global economy. They are buying up trillions of dollars" worth of bonds and buoying world markets in the process. Apart from a few worried Germans, nobody was talking about this last year.

Now everyone is fretting about how the Fed, the European Central Bank (until recently), the Bank of Japan and even Chinese authorities have distorted the prices of assets from stocks to bonds to real estate, quite possibly laying the foundation for a market crash or, in the longer term, hyperinflation.

"Central bankers can buy time, but they can"t fix the world"s underlying economic problems," said UBS chairman and former Bundesbank head Axel Weber, who worries that easy money and low interest rates are covering up the fact that most rich countries still need to pay down debt and create a lot more jobs. "We"re buying short-term fixes at the expense of future generations."

http://business.time.com...

Time Magazine is now a conspiracy theory website. What did they do, get their information from Infowars? Alex Jones is a nut for telling Time Magazine to say that.
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
GeoLaureate8
Posts: 12,252
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1/31/2013 7:33:37 PM
Posted: 3 years ago
"Global Elites Are Losing Sleep Over These Three Issues"
Time Magazine

(That is wording of their news feed headlines, but it does not show up in the article.)

I thought Alex Jones was crazy for saying that global elites exist, now it's common knowledge.
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
-- Frederic Bastiat
Wnope
Posts: 6,924
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1/31/2013 7:44:59 PM
Posted: 3 years ago
At 1/31/2013 7:27:25 PM, GeoLaureate8 wrote:
Why the Elites Are Losing Sleep
Time Magazine

We are now in historically uncharted territory in terms of how much central bankers are doing, in lieu of real political action, to try to boost the global economy. They are buying up trillions of dollars" worth of bonds and buoying world markets in the process. Apart from a few worried Germans, nobody was talking about this last year.

Now everyone is fretting about how the Fed, the European Central Bank (until recently), the Bank of Japan and even Chinese authorities have distorted the prices of assets from stocks to bonds to real estate, quite possibly laying the foundation for a market crash or, in the longer term, hyperinflation.

"Central bankers can buy time, but they can"t fix the world"s underlying economic problems," said UBS chairman and former Bundesbank head Axel Weber, who worries that easy money and low interest rates are covering up the fact that most rich countries still need to pay down debt and create a lot more jobs. "We"re buying short-term fixes at the expense of future generations."

http://business.time.com...

Time Magazine is now a conspiracy theory website. What did they do, get their information from Infowars? Alex Jones is a nut for telling Time Magazine to say that.

I'm sorry, how is this news?

Perhaps the fact that "elites" are loudly having a sh!t-fit, it's not exactly been a secret that continued inflationary measures are just a band-aid approach to fixing economic problems. The question is when and how much to wind them down and how this could be done in a politically feasible manner.

The problem is that this ISN'T a conspiracy. If it was, the Feds of the world could come into a room and say "alright, if I raise my interest rates, do you guys promise not to undercut me to boost exports?"

Instead, we try to shove everyone into a room together, give it a name like G-whatever-the-f*ck, and hope that some back-alley deal can be made to temporarily fix things.