Another Smoking Gun of Market Rigging, but Warburton Saw It All Back in 2001

In his profound and prophetic essay 13 years ago, "The Debasement of World Currency: It is Inflation, But Not as We Know It" — the British economist Peter Warburton realized that central banks had abused their unlimited power of money creation and that this had impelled them into comprehensive commodity market rigging and price suppression to save the financial system they had perverted.
"What we see at present," Warburton wrote, "is a battle between the central banks and the collapse of the financial system fought on two fronts."
"On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur."

This post was published at GATA

 

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