Thursday, June 7, 2012


Here is the 'silverfuturist's explanation of ZIRP:

'Zero Interest Rate Policy (ZIRP)
Step 1: embrace Keynesism, fiat currency, ZIRP, etc
Step 2: borrow billions out of thin air and pay no interest on it
Step 3: put money in assets going up (which will help it go up further)
Step 4: sell asset after it goes up, crashing the price
Step 5: pay back ZIRP loan
Step 6: if you screw up, taxpayer bails you out
Step 7: repeat process until you own everything
Step 8: When system crashes, go back on gold standard and pretend to embrace free markets, cuz you now own them all.'

And here's his latest video on this policy:

No comments:

Post a Comment