The central banks realized they are screwed. They can only bailout corrupt banks or buy government paper destined to default. Talk about doom and gloom. The collapse of the Euro and the Japanese yen leaves no appreciable alternative for central bank reserves. The USA cannot expand its debt fast enough to supply the entire world economy as the Euro Crisis continues and Japan melts-down. Hence, the central banks are diversifying into PRIVATE assets. They have ZERO alternatives.
Posted on: Thu, 04 Dec 2014 15:05:34 +0000
Trending Topics
Recently Viewed Topics
© 2015