Includes “Former Plunge Protection Team member Philippa Malmgren, president and founder of DRPM Group, told an audience at the the 2014 European Investment Conference that Western governments are deliberately defaulting on their mountains of debt without it being formally called a default. She claimed they are doing so by manufacturing inflation through unprecedented monetary expansion, thereby lowering the purchasing power of creditors, which include some of the most powerful countries in the world, most notably China. Malmgren contended that inflation is not being reflected in the statistics published by central banks in the West but it is very much there.
Read the full article on: Economic Policy Journal