When do those in charge finally take responsibility for their continuous wrong-doings? Why are there no consequences, or even worse, why are they still in charge?
Those in charge, who are destroying our money, wealth and savings will not have to stand trial. They will not be forced to answer to us or have to take responsibility for their incompetent actions. When Average Joe does something wrong, he gets fined or face the music.
Somehow, it is disturbing that the shocking confession of the head of the International Monetary Fund, Kristalina Georgieva, did not even get a lot of attention in the media headlines. She actually confirmed outright that “central banks printed too much money and didn’t think of the unintended consequences.” She continued: “We did recognize that maybe there would be too much money in circulation and too few goods, but didn’t really quite think through the consequence…”.
Wow, honestly? And we should buy that all the experts in charge of the world’s money supply failed to think about the basic consequences of printing massive amounts of money?
But will these so-called “experts” get away with all this? Unfortunately, this is exactly what is happening. It did happen before, it will happen now and it will happen all over again in the future.
the question is, why would all these experts with PhDs in economics could be so ignorant about the effects of their incompetent actions? Everybody, except them, could see this coming long before the Fed’s printing press was even warmed up.
But Average Joe will pick up the bill. Economies around the world are falling apart. Investors are losing big amounts of equity. Money loses value with each month. Instead, the “money people” will get rewarded handsomely.
When these central bankers who should have looked after our money step down, voluntarily or not, they rake in the money afterwards. People like Ben Bernanke gets as much as $400,000 per speech since leaving his post as the top Fed central banker. Janet Yellen has made at least $7 million from public appearances to discuss money matter in front of an audience. Who on earth, actually believes that their painful expertise is worth such money. You must be kidding me. Would it be wrong to assume these payments from their sponsors may be for different favours, eh reasons?
Whatever the agenda is, the little guy is paying the price.
Sven Franssen