Sander Boon: ‘Central bankers have to lie to the people’

Central bankers basically have to lie to the people about their role and their actions and why they do it. They are trying to keep a system alive that is not functioning anymore. It is one big moral hazard, according to political scientist Sander Boon. In a new GoldRepublic podcast, he explains how central banks lost control over international monetary system based on the eurodollar market.

Read more

Not a banking crisis, but a dollar crisis

The world economy was in a bad shape in March 2009. In the eighteen months before that, the economy took beating after beating. What started as a housing crisis in the United States, turned into a bankrun among banks and a financial crisis like the world had never seen before. Central banks pulled out all the stops to shore up banks and the financial market, but each time a different financial bomb exploded in the system. Only after bail-outs by governments – taxpayers – the markets stabilized.

Read more