08/08/2019 - Yra Harris: The Great Concern is that Central Banks are Losing Control and Credibility
“The great concern is that central banks are losing control and therefore their credibility. In a FIAT CURRENCY-based world this is the ultimate calamity. The precipitous drop in yields, especially in Europe, is a recognition that the ECB has corrupted the financial system and there is no way out. European banks are struggling to profit in a negative interest rate environment with no ostensible EXIT strategy.”
The Financial Repression Authority (FRA) educates investors, funds and retirees on the adverse risks resulting from good-intentioned macroprudential central bank policies, government fiscal policies and financial regulations focused on controlling excessive government debt, attempting to stimulate economic growth, and minimizing the potential for financial and economic crises. FRA provides consulting services, lead generation services and retirement solutions.
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