Central Banks Declare Outright War on Currency Value
The Repercussions and Hence Risks to Focus Upon
Ongoing Global Monetary Debasement Event
By David Mitchell
The monetarist school greater inflation hypothesis has claimed victory already, quick to suggest that a V-shaped recovery in asset prices implies a V-shaped recovery in the real economy as well. This argument I am afraid does not stack up against the hard mathematics of the greater debt crisis, our global policy leaders from the Fed, OECD, BIS and the IIF do not believe a word of it either, so let us focus on their next moves ……
Outright War Is Declared on Currency ‘Purchasing Power’ Value
Over the last week new policy framework has been publicly stated for the record from the globes central banking governors on their annual symposium get together traditionally held in Jackson Hole, Wyoming.
The USA Federal Reserve governor Powell announced their new framework on the 27th August 2020, that will target higher inflation and lower unemployment.
Editor: Why the FED believes they can control employment numbers is personally quite beyond me, but I digress.
The main pillars of the new policy framework can be broken down into 3 areas….- Maximum employment, the FOMC emphasized that maximum employment is a broad-based and inclusive goal and reports that its policy decision will be informed by its "assessments of the shortfalls of employment from its maximum level."
What does this mean in plain English exactly ?
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