Remember the Central Banker who last year said "When things get serious, you have to lie" and translate that into Japanese.
- Call it 'seven days in January.'
The hard truth of the matter is that they ALL lie. They have to now.
- QE did not work.
- ZIRP did not work.
- NIRP will not work.
But that's not only the best they've got, it's all they have got.
- Forcing people to pay for saving.
OK. NIRP won't work, but how do we get from here to there? You must also propose the alternative. (I know what it is, and I know why they aren't doing it!!!).
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