The Bank of Japan’s current path provides an ominous reminder of a similar era 80 years ago. These policies, which are also being followed by the other world central banks, will lead to disaster.
The age of sloganeers
The current social contract is mired
in the quicksand of global finance. It
is being kept alive by the corpulent
balance sheets of central banks, who
do their government’s bidding so
that the politicians do not have to
put unpleasant choices in front of
their electorates. This cowardly
behaviour gives rise to slogans and
sloganeers, who provide familiar but
false checklists of remedies. “Take
bank control”…”America
First”…”One Belt, One
Road”…”Ein Volk, ein Reich, ein
Fuhrer”…”One Man - One Kill”.
Central banks are currently
furnishing the excess credit that, in
the past, has been followed by an
orgy of blood.
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