“We have a two-tier economy. We have an economy of well-to-do people from which I have benefited because I’m in the financial sector. My asset value has gone up, I benefit from rising asset prices because I own shares and I’m on the board of companies that own shares, fund management companies and so forth, but I’m not happy about the fact that the typical household and the working class worldwide is not doing well. And what will eventually happen and has begun to happen when you have rising wealth inequality, eventually you have politicians that will not assume personal responsibility for the rising wealth inequality that is largely fostered by monetary policies by central banks.”
(Visited 26 times, 1 visits today)
Related posts:
Spare us the hypocrisy over chemical weapons, America.
The Latest Bubble to Pop: Mortgage Refinancings
This is the way they’ll ‘nationalize’ gold
Hershey, Cuba
When a government spies on its citizens: lessons from Chile
The Bogus “97% of Climate Scientists Agree” Claim
Digital Diversification: How to Do It
George Carlin: The Illusion Of Choice
Bill Bonner: Davos Without the Hookers (Part II)
If You Are A Baby Boomer, You Will Go Bankrupt—If You Stay In America
ICANN: How top-down ‘implementation’ replaced bottom-up policymaking
The Fantasy of Debt: No Trade-Offs, No Sacrifices
Fraud in the Financial Markets: Are You Vulnerable?
Too Big To Fail Is Now Bigger Than Ever Before
A Common-Sense View of the Stock Market