did he forget to mention that government forces the pension funds to buy its negative-yield bonds? who could have thought...
Being forced (a crucial word, as negative interest rates are only superficially voluntary) to pay high fees to preserve your retirement savings & your children's tuition money may not be weird, but it is a noxious 3rd World recipe for decent into or remaining mired in poverty.https://twitter.com/M_C_Klein/status/1160696949395247104 …
-
-
-
Also forgot to mention that central banks are conjuring money out of thin air to buy them, and that to extend the policy the holding of cash has to be restricted. (Idiotic anecdotes about the supposed cost of drug dealers holding small bills in the tropics notwithstanding).
End of conversation
New conversation -
-
-
It's getting awkward that the phrase "Bitcoin doesn't ________" keeps becoming more and more relevant.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This is exactly why developing countries continue to be mired in debt, unable to develop a middle class, serve their populace, and develop sustainably. Thanks, IMF (controlled by US).
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.