In a “real” economy, whether capitalist or socialist, the role of a central bank is to stabilize national banks and reign them in. But under financial capitalism, the role of central banks is to provide financial capitalists with free money so financial capitalists can continue with their speculation. Jack Rasmus argues that from the United States, to Europe to Japan as these practices continue, the result will be a financial recession by late 2018.
Read at Jack Rasmus
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