During the current crisis, financial systems all over the world are increasingly struggling, and the end of the fiat money experiment seems closer. The Federal Reserve System has used up much of its “ammunition” for monetary interventions in an attempt to keep the experiment going, lowering its target interest rate almost to zero. Other central banks are also quickly approaching the “zero limit” for interest rates. FULL ARTICLE by Philipp Bagus and Markus H. Schiml
The Insolvency of the Fed
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