Socio-Economics History Blog

Socio-Economics History Blog

Joseph Salerno: Financial Repression & The War on Cash

by mosesman

[youtube=https://www.youtube.com/watch?v=ckbU0ft5gPw]

  • Published on Jul 13, 2015
    THE FINANCIAL REPRESSION AUTHORITY 
    Link: http://www.financialrepressionauthori… 
    Comprehensive collection of articles, essays, videos, podcasts and breaking news relating to FINANCIAL REPRESSION. Your single global source on the Internet. 
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    Professor Joseph Salerno is a noted Austrian Economist who spoke with the Financial Repression Authority on Financial Repression and his growing concerns with what is referred to as “the War-On-Cash”, which he sees leading America and other developed countries in the wrong direction. He sees it as presently gaining momentum in senior policy levels around the world as global debt problems become more acute. 
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    FINANCIAL REPRESSION 
    “A combination of Deliberate Inflation and very low Interest Rates. Interest rates which are kept low by a viarety of what are called “Unconventional Monetary Policies”. “There is talk now of having:
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    * Negative Nominal Rates, 
    * Governments taking over Pension Funds, 
    * Varies ‘priveleging’ of government debt as part of bank capital.
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    so it (Financial Repression) is a series of inteferences in the financial markets by government with the end being to push interest rate lowers so they can inflate away their debt! They do that by having interest rates even lower than the rate of inflation.” “What Financial Repression does is transfer surreptitiously resources and coming wealth from savers and retirees to the government and its crony banks. I think it exists, it is dangerous and I think many people are being hurt by it!”
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    read more.

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