The Central Bankers' Independence Is an Illusion.
Today I look at how the semblance of Central Bank independence is melting away very quickly as governments and central bankers work together to continue to inflate the biggest debt bubble in the history of mankind.
My conclusion is that holding national currencies is a threat to one's wealth or savings as this combination of bank and state will do everything in their power to inflate away the debt bubble they are creating.
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I bought gold priced 3,300yen/g ten years ago. Today gold costs 6,600yen/g.
That means Yen was devalued to half against gold in ten years. But, not only Government but also ordinary citizen says "Yen is the safe haven currency."
Big fat lie I guess!