Oxymoron of the Day…

Don’t laugh, but I recently heard a prominent European official claim that they have “Well intentioned central bankers.”

It stopped me in my tracks and I thought, “Now that’s an oxymoron on steroids.”

Who do these people think they’re kidding?  Any intentions the central banks have are centered around them increasing their power over the “serfs” they allegedly serve.

Let’s look at the effects of their “good intentions.”

Since 2008 they have kept interest rates at or near Zero.  (Carefully disguised to allegedly restore the economy).  These actions have: (1) punished savers (especially seniors who depend on income from savings) (2) Encouraged massive immigration (How’s that working out so far?) (3) Allowed the banksters to offload their toxic mortgages so they won’t go bankrupt.  (And that’s only a brief list)

These “good intentions” have been more like financial terrorism.

They’ve killed off the American working middle class.  And, adding insult to injury, their 0% interest rate policies have put most American pensions in serious trouble.

Yet, these Titans of Finance are NEVER held accountable for their actions.  And when the markets collapse they say things like, “Who could have ever foreseen this happening?”

What a crock!

So, what do you do about it?

First, you take everything they (central bankers) say with a grain of salt.  Second, pay careful attention to the steady rise in interest rates (already started).  Third, remember that wars keep economies from collapsing (we wrote about that HERE).

So, when you hear of a “skirmish” or civil war breaking out in a country, prepare for a major breakdown of that economy.  And if you own stocks and/or bonds of that country (i.e. Emerging Markets) get out.

Don’t overlook these “central bank” warning signs.

And learn how to read the tea leaves (HERE).