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.