Mike Gleason interviews Dr. Marc Faber* who says central banks have been manipulating just about everything .. “I believe that the Fed has not just intervened in bonds through Operation Twist, in interest rates through QE programs but occasionally they step into the stock market to stabilize the market and try to push it up. I think other central banks around the world … in Japan, they announce it, the central bank, the Bank of Japan, is buying shares through ETFs.” .. points out central banks are now going into negative interest rates .. already $7 Trillion dollars worth are trading at less than 0% .. “Negative interest rates will not help the world” .. on a cashless society: “If you have negative interest rates, you want to essentially prevent people from hoarding bank notes in their safes at no cost. So you want to deprive them of that privilege, of that freedom, so you introduce a cashless society.” .. on government & politics: “The government is not representing people anymore – this is what we discussed before about the good showing of Sanders and Trump – but the government is representing itself. It is eating at the economic cake and by eating too much of the economic cake, the remaining economy, the private sector, cannot grow fast enough to boost overall growth rates. Because the government doesn’t do anything to boost growth. It actually is growth-retarding with regulation and laws and all kinds of things. So basically, everybody – the media, the government and in the financial sector – detests and hates gold because it’s honest. The whole financial sector, they love money printing.”

LINK HERE to the article & podcast

Disclaimer: The views or opinions expressed in this blog post may or may not be representative of the views or opinions of the Financial Repression Authority.