As I explained yesterday, in the first edition of this series, one year ago, I asked the smartest people I know a simple question: why can’t central bankers just buy all the debt?
Falling government bond prices, which triggered a bank crisis in the US, have put that question back on the agenda. Indeed, central banks have reversed their reversal of quantitative easing since the bank debacle began.
Today, I’d like to show you how Jim Rickards and Jan Nieuwenhuijs responded.
For those of you who don’t know, Jim’s CV is an astonishing read featuring many of the world’s most important economic and financial moments. He negotiated the bailout of Long-Term Capital Management, played a key role in the Pentagon’s economic war games and has written a series of books about geopolitical events we’ve seen before they happened, including Currency Wars.
So, let’s take a look at how Jim answered my question…
Jan Nieuwenhuijs is the editor of The Gold Observer newsletter. He has a history of exposing monetary madness of governments and central banks, because gold is the antidote investment to that madness.
So, let’s see how Jan answered…
Editor, Fortune & Freedom
PS Note from the publisher: I’m sure you’ve heard about central bank digital currencies (CBDCs). But do you understand what they are capable of… or why the government seems so keen to introduce them? We’ve produced a special video briefing to get you informed about this new form of “financial surveillance”. If you’re wary of the government having this sort of reach into your private affairs – get informed here.