Mangirdas AdomaitisArtificial inteligence, Data scienceSome time ago
“Central Banks have Become Irrelevant” an article by Russell Napier https://themarket.ch/interview/russell-napier-central-banks-have-become-irrelevant-ld.2323 Article claims: 1️⃣ Central banks are becoming irrelevant since the money supply is now controlled by governments. 2️⃣ Governments will not give back money supply power. 3️⃣ We are going for high inflation period. 4-8% in developed nations as soon as 2021! 4️⃣ High inflation will be governments way of solving national debt. Qoorio finance professionals - do you agree?
Russell Napier: «Central Banks Have Become Irrelevant»
themarket.ch

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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
1) it's complicated (neither yes or no): central banks are/became indeed irrelevant (yes) but they, at least ECB and FED, are NOT controlled by governments (although the political pressure is very high). 2) Yes. Although strictly speaking governments do not have money supply powers (central banks have those) they do have spending power. They can (and unfortunately will) spend more then the income (taxes) by lending a lot... 3) Yes. But not as soon as 2021 due to Fisher equation MV=PT as V will stay low due to low economic depression due to Covid - for the non economists I explain with a link hereunder. 4) Yes, unfortunately. Besides high inflation (2023?, 2024? But not 2021/2022 in my opinion) add unfortunately as well taxes...
about 1 year ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
about 1 year ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
☝️above simplified: there will be, in my opinion, no immediately inflation as V will stay low....but in a few years , with economic activity taking back at full velocity V... Yes ! As there is too much M created by governments (via loans), central banks (money printing machine) : M*V = boom 🚀💣
about 1 year ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
about 1 year ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
Easier to understand via this video...☝️💵
about 1 year ago
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Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
So what to do...? 🤔: Buy gold, real estate (your own house, app)- no politician will taxe this, good protection of inflation) etc ground...: High protection. Medium protection: stock market shares . Low (avoid): bonds and cash (other then strategic reserve/emergency fund/needed for daily expenses). With zero interest rates and current yearly inflation rate of around 2% in the EUR zone, from five years from now, one will lose 10% of purchasing power...if it's not invested in one above...
about 1 year ago
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Jurgis Terleckas on How to have the best mornings?Communication entusiastSome time ago
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Jurgis TerleckasCommunication entusiast
@Povilas Godliauskas good point!
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