Нетрадиционная Правда

НЬЮ-ЙОРК – Кто бы мог подумать, что спустя шесть лет после мирового финансового кризиса, большинство стран с развитой экономикой все еще плавают в алфавитном супе - ZIRP, QE, CE, FG, NDR, а U-FX Int - нетрадиционных денежно-кредитных политик? Ни один центральный банк не рассматривал ни одну из этих мер (политику нулевой процентной ставки, количественное смягчение, кредитное смягчение, руководство к будущему, отрицательный уровень депозитных ставок, и неограниченные валютные интервенции, соответственно) до 2008 года. Сегодня, они стали одним из основных инструментов из набора средств для политических решений.

Действительно, только за последний год-полтора, Европейский Центральный Банк принял свою собственную версию FG (руководства к будущему), а затем перешел к ZIRP (политике нулевой процентной ставки), а затем охватил CE (смягчение кредита), прежде чем принять решение попробовать NDR (отрицательный уровень депозитных ставок). В январе он полностью принял QE (количественное смягчение). Действительно, в настоящее время ФРС, Банк Англии, Банк Японии, ЕЦБ и другие центральные банки менее развитых экономик, таких, как Национальный банк Швейцарии, все полагаются на эти нетрадиционные меры.

Одним из результатов этого глобального активизма денежно-кредитной политики, был бунт среди псевдо-экономистов и взломом рынков в последние годы. Этот ассортимент “австрийских” экономистов, радикальных монетаристов, золотых жуков и Bitcoin фанатиков, неоднократно предупреждал, что такое значительное увеличение мировой ликвидности приведет к гиперинфляции, коллапсу доллара США, заоблачным ценам на золото, и в конечном итоге гибели фиатных денег в руках у крипто-валютных коллег.

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