China cut its main interest rate by 0.25 percentage points to 4.6 percent attempting to boost growth in its economy. The People’s Bank said that the interest rate cut was to reduce “the social cost of financing to promote and support the sustainable and healthy developments of the real economy”.
It appears China is following the same illogical nonsense that Washington and the Fed has been espousing since 2008. If “Free Money” helped grow the economy, every working class American would be seeing more income, not less. Then again, the overwhelming majority of free money never made it to “mainstreet,” as Wall Street bankers are always first in line.
We warned investors as global stock markets plummeted yesterday not to look to these events as “doomsday arriving,” and it appears central bankers have more control than doom and gloom authors give them credit for. Within hours, central bankers led by the Fed forestalled yet again, severe market downturns. They are coming but it’s foolish to set dates as no one really knows.
Every nation around the globe including the U.S. lives and breathes in a bubble called perpetual debt. Our system of debt, laden with fiat paper currency has insured a harsh payday is coming and it’s the working class that will pay the heaviest price.
Stock markets, futures markets etc. have always been rigged by those controlling the purse strings and it’s wise not to get caught up in the day to day market fluctuations. These events are merely trembling’s caused by a corrupt financial system of unequal weights and measures.
We have the option of playing roulette in the stock markets hoping debt won’t find us out, or we can own assets like physical gold and silver that guarantee protection against total paper asset losses.
How we protect our wealth matters.
Call 1-800-577-3195 Ext. #1 to begin the process of protecting your assets.
Gold Goliath is not your typical gold dealer.