Want to create an interactive transcript for this episode?
Podcast: Thorsten Polleit
Episode: THE INTEREST RATE DRAMA ENTERS ITS NEXT ROUND
Description: The drama the central banks have set in motion with their interest rate manipulation: the artificially lowered interest rates are causing economies to fall into the debt trap, becoming increasingly dependent on debt expansion, provided at ever lower interest rates, with the state growing larger and larger at the expense of the private sector. It doesn’t take much to realize that in economies where the debt load is spiralling out of control, a monetary policy of elevated or even high inflation will sooner or later be seen as the policy of the comparatively least evil to protect the system fr...