“What is going on with the world economy?” That’s how Mike Maloney begins his new video, which is actually not about the economy, per se, but about currency abuse, interest rate cuts, and a big fat warning about the coming recession. Mike starts with a slide he’s shown before, US currency creation, but he revisits the topic so he can compare it to Switzerland. In response to the financial crisis, the US created about five times the original amount of its currency—but the Swiss created TWELVE times! Further, the US stopped currency creation in 2014, but unbeknown to most investors, the Swiss didn’t end their currency creation until just last year. All this from a country that supposedly has one of the strongest fiat currencies in the world. The Swiss franc has long been
Mike Maloney considers the following as important: fiat currencies, Interest rates, Mike Maloney, News, repurchase agreements
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