[Skybird]

Andreas Untzerberger from Austria writes in his blog and the Auistrian "Börsenkurier"

Even if we seem to have gotten used to it, the unrestrained printing of money by many central banks remains the greatest threat to our economic future. It has been running on a large scale every year since 2008 and has accelerated again rapidly since the outbreak of the Corona crisis.

Since 2008, the total assets of all central banks in the euro area, Great Britain and the USA have increased sixfold on average! And since March alone, growth has accelerated again, for example at the ECB from 4.6 to 6.3 trillion. That is threatening - even if many are currently hoarding money out of fear and therefore the negative consequences will not occur as long as they do so. But the amount of goods and services in any case has not increased at nearly the same rate. Or even shrinking since March. Ultimately, this must lead to enormous inflation - as in the interwar period after a couple of "Roaring Twenties", when a similar attempt was made to make the costs of war disappear by printing money and creating money in the books.

What is particularly frightening is that almost none of the money created goes into real investments that could later turn out to be profitable. The main ports of destination for the flow of money are:

-Bonds from deficit states (which channel an ever larger part of the budget into the unproductive welfare system);
-Real estate (whose prices are skyrocketing);
-Gold (detto);
-Electric cars and wind turbines (which are supposed to be beneficial to the climate, but certainly do not lead to additional added value);
-Stock exchanges (where it is uncertain how much of this will go into real productivity gains),
-the barely disguised nationalization of companies (such as in aviation, although it will not recover for a long time);
-and subsidies to non-sustainable company structures (which are able to mobilize strong lobbies, supervisory boards and trade unions).

A clever economist recently compared that to politically correct language manipulation, which, however, cannot cause the genders to become one and the same. Nevertheless, it seems extremely unlikely that any politician in Europe or the USA will soon admit that there can be no central bank trick that could prevent the loss of prosperity caused by the crises from necessarily reaching the people.

Many have long suspected this fact and are therefore desperately looking for ways to cushion these losses for their own families.

https://www.andreas-unterberger.at/2...-gelddruckens/