In this episode of 'Dismantling the Magic Money Tree', Mike and David look at central banks, the Bank for International Settlements and the Bank of England and the 'firepower' they direct at the UK economy.
They debate some scary statistics about money supply growth and ponder whether the real economy can climb out of the hole that central banks have dug since the turn of the century.
They point out that monetary easing and ideological conformity dominate central banking, and that the monetary and political systems are currently aligned and both are all in. In conclusion, the risk of a future reset in times of crisis is considered and the scale of this hole is outlined.
