The Great Falacy

"Investors should know that the market can render the central bank powerless. For instance, since 1999 Japan’s central bank has been purchasing financial assets with printed money to attempt to pump up their economy. But for ten years this quantitative easing policy has failed to lift Japan’s economy off the mat. Instead central banks’ power is derived from theatrics and sophistry."
Paul J Lamont, Lamont Trading Advisors, Inc

The Attack on The U.S. Dollar

“The costs of a dollar-dominated system to the world may have exceeded its benefits. The dollar should ... be replaced by a new global reserve currency.”

Zhou Xiaochuan - China’s Central Bank Governor

“Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability.”

Dr. Detlef Kotte - Director of the UN's Macroeconomics & Dev. Policy