The Dark Side of Yield Curve Control Policy https://youtu.be/RYjuuzIBwZE

The Dark Side of Yield Curve Control Policy https://youtu.be/RYjuuzIBwZE The Bank of Japan has been pursuing a monetary policy of “yield curve control” (YCC) since 2016, with which it keeps short and long-term interest rates for Japanese debt securities at around 0 percent. To do this, it buys massive amounts of government bonds. The Central Bank of Australia has been proceeding in a very similar way since March 2020. It keeps the three-year interest rate at 0.1 percentage points through bond purchases. The European Central Bank (ECB) seems to be increasingly warming up to the idea of not only controlling short-term but also long-term interest rates or imposing a cap on them. The idea of controlling interest rates is not new. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more