By Richard Mills, includes “Struggling to contain the economic fallout from the pandemic, central bankers have realized that keeping interest rates low and maintaining hundreds of billions in monthly asset purchases (ie. quantitative easing), have not given the desired economic boost; now they are counting on fiscal policy, ie., government spending, to do the trick. However, the US government does not have the money, so they borrow (print) it, at current rock-bottom interest rates. …”
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