By Craig Wilson
In her latest interview Nomi Prins
dives deep into what is happening within the International Monetary Fund
(IMF) and central banks within what she defines as the Artisanal Money Era. In the discussion Prins’ gets to the heart of what all of this means for the everyday person just trying to stay afloat.
After
being asked about Central Banks and what ordinary people need to know
she responded, “The power that some of these central banks have had with
the Federal Reserve, ECB, The IMF… Has really increased tremendously in
terms of not just interest rates that were prevailing (which were
negative to zero) but also the way in which they are moving economic
growth, or stifling economic growth by instead fortifying financial
institutions and private banks.”
“They have taken a multiplied role
beyond what their stated purpose was in terms of politics, economics and
financial systems than they have in the past. They are not stopping. It
is a new era we are in. I call it an artisanal money era. They create
money. They move money. They have always done that but now it has more
power attached to it from a political and economic standpoint.”
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Source: The Daily Reckoning
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