So why don’t these nations just adopt sound money?
Well, it turns out that if you are a member of the IMF, you are specifically prohibited from doing that. Yes, you read that correctly.
Source, The St. Louis Fed
Source: The BoE
Source: The ECB
Source: The BoJ
Source: The People’s Bank of China
Source: Reserve Bank of India
So what does all of this mean?
It means that some tremendous imbalances are being built up in the global financial system. The central banks of the world must continue to inflate these bubbles with constantly increasing amounts of paper money and debt in order to keep the game going. If at some point the reckless money printing comes to a screeching halt it is going to unleash hell on global financial markets....PREPARE NOW WHILE THERE IS STILL SOME TIME!
It means that some tremendous imbalances are being built up in the global financial system. The central banks of the world must continue to inflate these bubbles with constantly increasing amounts of paper money and debt in order to keep the game going. If at some point the reckless money printing comes to a screeching halt it is going to unleash hell on global financial markets....PREPARE NOW WHILE THERE IS STILL SOME TIME!
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