Thanks Ron, at some point we going to have to cash in the chips and re-shuffle the cards of this Ponzi scheme; in peace
Something major is happening with nation states, and the finance ministers that make monetary policy.
Indeed we have discussed currency & trade wars in the past; the sanctions against Russia, along with the wars in Ukraine, Syria, Libya, Yemen, and elsewhere are symptoms.
The previous international monetary consensus is dust, and the U.S. Dollar as the major balancing mechanism is now a failure.
Trillions of Bank bonds (debt) are held by institutional investors and negative interest rates makes the problem worse.
How Exposed are Sovereign Wealth Funds (SWF) and other institutional investors to Negative Interest Rate Policy (Japanese Government Bonds)?
The evidence is very revealing, and bank officials appear to be in a panic.
Brazil (the largest country in South America in Land, Population, and Economy) and Canada reports to be in a recession.
The Bank of Japan last month (Jan. 2016) joined a growing number of central banks…
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