“Things Will Never Be The Same Again”, Central Banks Admit Defeat

Familienfoto mit Bundesfinanzminister Olaf Scholz (2.v.r. vorne), SPD, beim G7 Treffen der Finanzminister und Notenbankgouverneure in Whistler, Kanada. 01.06.2018, Copyright: Thomas Koehler/ photothek.net [Tel. +493028097440 - www.photothek.net - Jegliche Verwendung nur gegen Honorar und Beleg. Urheber-/Agenturvermerk wird nach Paragraph13 UrhG ausdruecklich verlangt! Es gelten ausschliesslich unsere AGB.]
Zero Hedge: Unlike prior years, there was a distinct sense of dread and powerless foreboding in this year’s Jackson Hole meeting, starting with Jerome Powell’s “boring” speech in which he blamed Trump’s trade war for the Fed’s inability to stimulate the economy, and culminating with Mark Carney unprecedented capitulation, effectively admitting that the fiat system has failed and the dollar can no longer be the world’s reserve currency (instead punting that obligation to ‘global central banker’ Mark Zuckerberg

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