One of the themes I have returned to again and again over the last eighteen months has been how the priestly caste of the world's central bankers, disproportionately drawn from the upper echelons of Goldman Sachs – a kind of mysterious, self-perpetuating, secretive elite which I (only half-jokingly) call the "Illuminati" – have taken control of global economic policy with almost no democratic accountability.
They have pursued a zero interest rate policy (ZIRP) and then a negative interest rate policy (NIRP) which ministries of finance (which are at least run by elected politicians) are powerless to undo. Despite the fact that NIRP has lowered rates of return – and therefore savings and investment – to record lows. They have engaged in the dark arts of monetary manipulation – quantitative easing or QE – which have pushed up asset prices for their friends, the elite class of globalist billionaires – and with very little public scrutiny.
Now they want to abolish cash. The next step after that will give them a stranglehold over the global economy. They are planning to launch parallel digital currencies, even competing with the conventional legal tender in circulation – using the same technology that powers Bitcoin. It is not only your cash that is under threat – but your freedom as well.
by Zak Mir | Trading| 1 mins. to read It would appear that market commentators and investors alike are almost in gloating mode given the very solid start for small caps and AIM so far this year. Companies like Solgold (LON:SOLG) have led the way.
by Evil Knievil | Evil Diaries| 1 mins. to read The press consistently gets Plus500 (LON:PLUS)'s rating wrong. Journos seem to think that the FCA hangs over PLUS ready quite whimsically to kill off this fraudulent concoction.
by Filipe R Costa | Economics | 6 mins. to read While an investor tries to maximise the expected returns of his portfolio, he always faces a formidable enemy – risk. In theory, if leverage has no limits, any level of expected return can be achieved.
by Zak Mir | Trading | 1 mins. to read Ironically, Hydrodec (LON:HYC) would typically be the type of stock I would avoid charting. But the present situation on the daily chart is rather hard to resist.
by Robert Stephens | Commodities | 5 mins. to read Low interest rates have incentivised borrowing in recent years. There has been little reason for companies to reduce their debt levels
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