Author Archives: Chris Smith

To Impose or Not to Impose—The Dilemma of Negative Interest Rates and the Rise of Bankocracy

By | July 10, 2020

As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT.” Big numbers! –Donald Trump   On June 10, 2020, the U.S. Federal Reserve (‘the Fed’) voted to keep interest rates near zero in the wake of the COVID-19 pandemic and hinted that rates will remain unchanged… Read More »

The COVID-19 Pandemic and the Global Debt Epidemic

By | April 20, 2020

Courtesy of Chris Smith and Sangita Gazi  A decade after Lehman Brothers collapsed, the Federal Reserve Bank of St. Louis reviewed the economics literature and concluded that “one of the main reasons why the subsequent recession was ‘great’ was due to high levels of leverage and debt.” On the eve of the 2008 financial crisis,… Read More »

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