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Why Printing Money Is A Fool's Paradise

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“For the first time in recorded history, every major central bank is devaluing their currency by printing an unlimited amount of money,”

To be fair no one knows what happens when you reach this point, as it's never happened before. There is a an argument that as long as everyone is doing it you'll get away with it.

Trouble is at some point someone will break ranks as they'll figure they can achieve better results by rebalancing first. It's an interesting poker game that will affect millions of people and it might be the worlds central bankers will become the biggest mass killers in history.

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To be fair no one knows what happens when you reach this point, as it's never happened before. There is a an argument that as long as everyone is doing it you'll get away with it.

Trouble is at some point someone will break ranks as they'll figure they can achieve better results by rebalancing first. It's an interesting poker game that will affect millions of people and it might be the worlds central bankers will become the biggest mass killers in history.

It hasn't mattered so far because the Chinese have spent the last five years holding the global economy together by running up their sovereign debt to 200% of GDP. The elastic limit of that game now appears to have been reached.

.

Edited by zugzwang

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"For the first time in recorded history, every major central bank is devaluing their currency by printing an unlimited amount of money," said Rogers after addressing the audience at the RBS Macro Conference in London. "It is a fools' paradise; they are living in Neverland."

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FIYTIO ("It's just begun")

:lol:

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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