The Biggest Mistake In Banking History Repeats Today - Robert Kiyosaki
November 1, 2019
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39:27Now PlayingThe Biggest Mistake In Banking History Repeats Today - Robert Kiyosaki
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as posted by the channelNegative interest rate policy is pushing markets into the never-before-seen territory. Guest Bert Dohmen, the author of the Wellington Letter, says, “Negative interest rates are the greatest mistake of Central Banks in the history of mankind.”
For example, in September 2019 there were $17 trillion in negative-yielding bonds worldwide. If interest rates rise, the holders of those bonds would lose trillions of dollars. To prevent interest rates from rising the central banks will print as much money as they can to save the bond markets. The more the central banks print, the more likely we’ll see inflation.
During times of inflation, savers become the biggest losers of all because their money becomes worthless. Inflation creates uncertainty. Periods of high inflation discourage businesses from investing and can lead to lower economic growth. Robert and Bert discuss the risks of this policy, and how you can navigate these uncharted waters.
GUEST: Bert Dohmen
AIR: Oct. 30, 2019
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