tag:blogger.com,1999:blog-6213093208529982391.post6839423897566917705..comments2024-01-21T05:21:53.264-10:00Comments on The Cautionary Revelation of The Apocalypse: Another central bank idiotThe Cautionary Revelation of The Apocalypsehttp://www.blogger.com/profile/15821985631020193972noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6213093208529982391.post-30822947605731542232009-09-18T10:36:53.078-10:002009-09-18T10:36:53.078-10:00I did not say she was stupid; she might also be ve...I did not say she was stupid; she might also be very evil. It’s one or the other though. Then I think you missed the point completely, I never argued about what the banks does with the money, the idiotic thing is the money itself, not what they do with it. <br /><br />Japan has been “trying” for a very long time yes, sadly for the Japanese people losing their savings, sadly for the Japanese companies losing their competitive edge. And Japan does not have deflation; they have had and still have inflation. Not that high until recently, since the savings and high levels of exports have kept it down. <br /><br />And yes, it is very simple. Eliminate the central bank, stop with fiat money, and all the problems go away. That’s how simple it is. The second choice is to do the complete opposite what they have been doing. Interest rates needs to be a lot higher. When then dropped it to zero, they should have done the opposite, increased it. They should not have put all that money into the system, inflating housing and equities and “saving” banks that should go out of business. What that evil bitch and the rest of the idiots are doing is destroying the economy and moving wealth from normal people to banks and the already rich. <br /><br />Wouldn’t my suggestion make the economy worse? Yes, it would, temporarily, which those idiots doesn’t have the balls to do, or, worse, they do not want to do the right thing because their agenda is the opposite. However, a year or so later it would have been over and Sweden would have been the best economy in the world. <br /><br />Now, however, we are going down with the rest, probably even worse since our export dependent is so high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-46532658951120818742009-09-18T09:25:48.905-10:002009-09-18T09:25:48.905-10:00I´m sorry to tell you but Karolina Ekholm is not s...I´m sorry to tell you but Karolina Ekholm is not so stupid at all. She knows that quantitative easing does not have any effect if the banks puts the money in deposits in central banks. 70% of the extraordinary credits from ECB has for example been put into deposits at...ECB... You can also look at Japan as an example since 1989 they have been trying to fight, deflation interest rates have been hold close to zero today it is 0,1% and yes they to have been "printing money" but still they have not solved the problem with deflation. Things are not so simple as you pretend they are...Anonymousnoreply@blogger.com