“Most of the central banks have a lot of Ph.D.s, with no real world experience. They have read books, but have not been in the trench to “feel” what it is truly like. This is why government employees rarely have anything worthwhile that will ever contribute to society. There is not a single economic statistic that is even valid, no less any plausible guide as to what is going on. There are manipulated so much to try and influence the ‘public confidence’ that it becomes a joke.” – Imprisoned economist Martin A. Armstrong
Jim’s Quote of the Day:
