It seems that the bankers haven't thrown in the towel just yet. Their brilliant new plan is to launch their own digital currencies while simultaneously continuing their shenanigans. The WSJ reports: http://www.wsj.com/articles/the-central-bankers-bold-new-idea-print-bitcoins-1468936751
"In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own kind of digital currency. Using the U.S. as a case study, they argued it could give a permanent boost to the economy of around 3%, as well as providing policy makers with more effective tools to tame financial booms and busts."
How exactly are policymakers going to "tame financial booms and busts" when central planning has been proven to be unsustainable in the long run. IT HAS NEVER WORKED!
Here's a real gem:
"The idea that controlling the amount of money in the economy will determine economic growth, inflation or credit creation has long appeared false. Since central banks started bond-buying programs in 2008, for example, the amount of central-bank money has exploded, but no inflation has materialized."
Really? No inflation? Stock markets are roaring like there's no tomorrow while the real world is burning and the social fabric is beginning to disintegrate. Real-estate prices in most major US cities are back up to bubble levels of 2007, with even higher prices is some cities like Dallas.
WSJ, Have a look: