No. They lost control in 2006, when Greenspan got rid of the Glass-Steagall act and put financial markets and governments ahead of the economy. The crux is that they can't hide it much longer.
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True, deregulation in 1994 & 1998 of interstate banking was a major cause of the 2008 crash.
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It also severed the connection between local banks and their community. That had two unintended consequences: local FEDs had less feel for the economy, and US economy became less resilient.
End of conversation
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It’s not a question. The answer is of course!
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Yes, 3 Major Global Banking & Trade issues that Central Bankers are not yet able to competently model are: 1. China joining the WTO on trade, 2. Petrodollar effect making US dollar defacto global currency and 3. EU Market Suppression by the VAT. Cc
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This is all part of President Trump’s weak dollar policy.
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