Clive Hale: A conspiracy of central bankers
Comment of the Day

January 20 2015

Commentary by David Fuller

Clive Hale: A conspiracy of central bankers

My thanks to the author for his witty discussion, which leads to hard money.  Here is the opening, posted without further comment:

It is way past time that we had a collective noun for central bankers? So how about a “conspiracy”? Don’t believe me then read on...

Hey Mario it's the Milky Bar Kid here and I need a bit of help. You see I have been selling chocolate for euros and seem to have accumulated rather a lot of them.

Well Kid I am rather busy right now with the Greek hummus trade warming up a bit and there's also going to be a bit of trouble with the frankfurters in Germany. The Greeks can't pay and the Germans won't pay.

Then of course the whole European economy, which the unelected chocolatiers in Brussels tell us is doing fine, is heading for a deflationary bust. Your defence of the CHF/EUR peg hasn't helped me either and this week I'm supposed to get off my butt and actually practise what I preach by announcing a humongous tranche of QE that will make everything right. And you think you have got problems Kid!

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