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Financial Repression: How The US Government Will Quietly Confiscate Your Wealth
Financial Repression: How The US Government Will Quietly Confiscate Your Wealth
Authored by Nick Giambruno via InternationalMan.com,
When I first heard the term “financial repression,” I thought it had to be a joke.
Why would governments and central banks use a term with such a negative connotation? Even people who are financially illiterate can understand that financial repression is a bad thing.
Simply put, financial repression is a strategy governments use to reduce their debt burden by manipulating interest rates below inflation.
It allows them to borrow in dollars and repay in dimes.
Here’s how the IMF...
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