Economics and Investing:

The Royal Bank of Scotland becomes the first bank to set negative interest rates. – G.G.

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“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

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Items from Mr. Econocobas:

Global Central Bankers, Stuck at Zero, Unite in Plea for Help from Governments – You have to read between some lines here, but what I read is Helicopter drops of money in some form will be needed and we have to make sure people understand what they have been doing to us is giving us inflation not future taxes. This is a fine line because they can’t have people really understanding monetary policy or even understanding inflation. Central banks NEED inflation in order to operate and besides the debt that has already accumulated cannot be paid off with taxes ever. They know this, and they don’t really want people to understand this, but they need them to have an expectation of inflation without actually understanding where it comes from..

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