Friday, December 13, 2024

Tag: The Era of All-Powerful Central Banks Is Over

The Era of All-Powerful Central Banks Is Over

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by Charles Hugh Smith, Of Two Minds:

Central bank gaming of Finance is the source of instability.

The era of all-powerful central banks is over for a simple reason: they failed: they failed their citizens, their nations, and they failed the world. Their policies have pushed wealth and income inequality to extremes that have destabilized the planet’s social, political, economic and environmental spheres.