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Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives

  • Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives
    by , https://www.theautomaticearth.com/
    Rogoff, Orwell and Kafka 
    Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz Kafka, with a serving of ‘theater of the absurd’ on top. Rogoff wants to give central banks total control over your lives. They must decide what you do with your money. First and foremost, they must make it impossible for you to save your money from their disastrous policies, so they are free to create more mayhem.

    Prepare For Negative Interest Rates In The Next Recession Says Top Economist
    Negative interest rates will be needed in the next major recession or financial crisis, and central banks should do more to prepare the ground for such policies, according to leading economist Kenneth Rogoff. Quantitative easing is not as effective a tonic as cutting rates to below zero, he believes. Central banks around the world turned to money creation in the credit crunch to stimulate the economy when interest rates were already at rock bottom.

    Central banks create recessions and crises. Note people, and not economies. Central banks. The next recession, which is inevitable, that’s the one thing Rogoff has right, will come when the bubbles in housing, stocks, bonds, etc., created by central banks’ QE, ZIRP, NIRP, start to pop. And there’s nothing worse than giving central banks even more tools for creating crises. We should take away the tools they have now, not hand them more sledgehammers.


    read more.
http://www.wsj.com/articles/the-political-war-on-cash-1455754850

Click on image for article. Needs subscription.

http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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August 16, 2017 - Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , ,

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