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 describes it, emphasis mine: “Financial… — Continue at ZeroHedge News : Read More
