Tuesday, February 27, 2018

Central Banks: They Say It's All Going To Be OK

Since 2008 government debt around the world has doubled. Everybody has talked about austerity and how we're going to cut back spending and pay off the debt etcetera but the debt has doubled. 

The debt at the American central bank has gone up five or six times in just nine years. This has never happened before in recorded history. Never, ever have interest rates been this low and they say it's all going to be okay. You better call the Tooth Fairy.

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