Craig Hemke & Eric Sprott – Central Banks Destroying Economies (Podcast)

$14 TRILLION worth of bonds with NEGATIVE RATES is crushing savers, pension plans, corporate pensions and all varieties of savings on a global scale. How long can this madness continue? Another 10, 20, 30 years? I don’t think so. As is being reported the Chinese will be releasing the first M-SDR bond within the next few weeks – look for it just prior to the U.S. election on November 8 – and I doubt very seriously this bond will be issued with a negative interest rate. How quickly can $14 TRILLION in negative interest bonds be converted into M-SDR bonds? That’s how much longer this current madness of negative interest rates will continue.

Sharing is caring!

Author Image

Sprott Money

Various authors presenting analysis and commentary on the precious metals, economy and precious metals mining markets.