The Extraordinary Popular Delusion of Central Banking.
#federalreserve #boe #boj #ecb #centralbanking #fiatcurrency #inflation #moneyprinting #debt #markets
Today I look at an old classic by Charles Mackay in the study of mass or mob psychology and how it is still relevant today as Central Bankers lose all inhibition and continue to create trillions of dollars of funny money.
Charles Mackay's "Extraordinary Popular Delusions and the Madness of Crowds" is a must-read for those who want to understand the psychology of not only markets but of people and society in general.
Hedge Fund CIO article: https://www.zerohedge.com/markets/hedge-fund-cio-oil-price-rare-indicator-what-still-real-market
What Has Government Done to Our Money by Murray Rothbard: https://mises.org/library/what-has-government-done-our-money
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Thanks again, Maneco64. The good news is that there is still a little Precious Metal available, and at a reasonable price. Thanks for sharing the educational class, Maneco64.
After Government decided to postpone Olympic game on April 7, the scenary of Japan has changed dramatically. Events were canselled and restaurants and shops were closed one after another. Small businesses are threatened to shut down or reduce their capacity by the authority. Apparently Government and BOJ are planning something -my guess is introducing digital currency.
I think this will happen everywhere around the world and especially the G-7 countries.
One of your better video' s. Maneco on a rampage against CB' s .