Central bankers around the globe have cut interest rates almost 700 times since Lehman Brothersâ?? collapse. Thatâ??s not a typo. Outside of some impressive stock market returns between 2009 and 2014 (if you actually bought and sold during that period), the world has little to show for it. The global economy continues to slow. You can almost smell the central bank desperation.
For decades, there has been a dogmatic belief system which says easy money is the panacea for faltering economic growth. Itâ??s starting to come apart at the seams. Blind faith in central planner prowess is being exposed for what it really isâ??arguably the largest Ponzi scheme in world history. This is one of the main reasons why Iâ??ve been a buyer of gold and have recommended it to my firmâ??s customers.
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