TOP BANK ECONOMIST: 'The Financial System Is Increasingly Being Rigged'

Stephen King, the top economist at UK bank HSBC, is out with a new note on the popular topic of “financial repression.”

The main ideas are basically distilled in these bullet points.

chart

In other words, with the governments of big Western nations running up so much debt, they’re resorting to various tricks to keep funding themselves — tricks like QE and so on, which hurt savers, etc.

He also recorded a video to explain his thoughts on the matter. It may take a minute to load.

 

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