One of the biggest lies that has bizarrely persisted over the past century is that central banks are somehow working on behalf of “the people.” Nothing could be further from the truth, unless of course one’s definition of “people” are those high net worth individuals whose assets are in the mbillions.
And while we have repeatedly documented the often illegal sharing of inside information between the Fed and a handful of ultra-wealthy asset managers, today we get another confirmation that the ECB is no different.
