Central Bank Interventions and the Looming Catastrophe

Beyond Money

In this recent interview below, Dr. Paul Craig Roberts describes the “house of cards” that is today’s global regime of money, banking and finance. Since the financial crisis of 2008, the major central banks around the world—the Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan—have all been active in the securities markets, buying huge amounts of government and corporate bonds and shares of private companies, a process that is euphemistically called “quantitative easing.”

As Roberts points out, these actions are being taken to support the big banks. I agree, but it goes much deeper than that. The underlying objective is to preserve the global interest-based debt-money system which requires continual expansion if debt, an inherent systemic flaw which I call the “debt growth imperative.” The result of these market manipulations, of course, has been the inflation of market bubbles in bonds, stocks, and real…

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1 thought on “Central Bank Interventions and the Looming Catastrophe

  1. I suppose the oligarchs are doing us a favor in away sucking all the money out of the global economy. This will enable the people – collectively – to set up a genuine economy based on genuine productions rather than money.

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