This special report delves into the most significant crisis we are currently confronting—the collapse of central banks. Back in 2014, Europe adopted negative interest rates, and despite their efforts, they have been unable to increase rates, leading to approximately $12 trillion in negative bonds. Now, with the Federal Reserve moving towards zero rates, they too are undermining the global economy. The Keynesian Model, rooted in the Quantity Theory of Money, has been the foundation of central bank policies, as well as the theories of the goldbugs who consistently predict the demise of the dollar. Bridgewater, led by its founder Ray Dalio, has been a prominent advocate of this perspective, as evidenced by his recent statement at the January World Economic Forum that “cash was trash.” However, many people are fixated on gold without acknowledging the brewing crisis worldwide.
The first step necessitates a crash and a burn, which will inadvertently drive the value of the dollar higher. By reducing rates to zero, the Federal Reserve risks revealing its inability to avert economic decline. When individuals recognize that the Fed is also incapable of effectively managing the economy, that is when the crisis truly begins. Welcome to the Central Bank Crisis—an event that marks the beginning of a monumental shift and will overshadow all other concerns, as we are witnessing the twilight of Keynesian Economics.
More courses from this author: Martin Armstrong
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Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
