The G6 central banks are out of conventional tools to solve this financial crisis. With interest rates at zero, and the thought of further stimulus rendered politically unpalatable for the time being, we cannot see any positive solutions to this problem other than debt repudiation.
Similar Articles You Might Enjoy: (links posted at the bottom of the article)
- Eric Sprott: "When Fundamentals No Longer Apply, Review the Fundamentals"
- Eric Sprott: The Real Banking Crisis, Part II
- Eric Sprott: "The Financial System Is A Farce"
- Eric Sprott On Unintended Consequences
- Eric Sprott On The Real Banking Crisis: Global Depositor Bank Runs And Why Gold Is Going Much Higher As A Result
Similar Articles You Might Enjoy: (links posted at the bottom of the article)
- Eric Sprott: "When Fundamentals No Longer Apply, Review the Fundamentals"
- Eric Sprott: The Real Banking Crisis, Part II
- Eric Sprott: "The Financial System Is A Farce"
- Eric Sprott On Unintended Consequences
- Eric Sprott On The Real Banking Crisis: Global Depositor Bank Runs And Why Gold Is Going Much Higher As A Result
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