Monday, June 23, 2014

Banks Buying Up the Planet

Buying Up the Planet: Out-of-Control Central Banks on a Corporate Buying Spree

What is to stop a foreign bank from simply printing its own currency
and trading it on the currency market for dollars, to be invested in the
US stock market or US real estate market?  What is to stop central
banks from printing up money competitively, in a mad rush to own the
world’s largest companies?

Apparently not much. Central banks are for the most part unregulated, even by their own governments.

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