Money, gold and geopolitics
Mario Draghi will go down in history as one of the greatest ‘monetary fools’. That’s what former head of the Federal Reserve Bank of Dallas, Richard Fisher, said in an interview with Bloomberg.
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After Deutsche Bank, also Commerzbank wants to pass on negative interest rates to its customers. In addition to large companies also smaller companies and wealthy individuals will have to pay interest on their bank balances.
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Savers have been warned. Under the leadership of Lagarde, the ECB is going to follow a different course, in which the purchasing power of your money is of less importance.
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The existing rescue mechanism for the euro is a completely inappropriate reaction to the weak fiscal policy of the countries
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