Beware of the wolves inside the fences.
QUESTION: Hi Martin,
How long has the central banking era been going and will it come to an end? How many central banks create liquidity for governments by buying their bonds?
ANSWER: I understand that central banks have been demonized and the great conspiracy centers around their ability to create money. Creating money is not really the issue for the amount they have created is peanuts compared to the continued debt created by politicians. Congress just created $1 trillion plus in December 2015 and nobody noticed.
We need central banks as the clearing mechanism and to maintain reserves of member banks. The problem is that central banks are not all created the same. Jackson destroyed the Bank of the United States which did not engage in quantitative easing and had no such power to create elastic money…
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