Central banks have been manipulating bond yields as part of their efforts to manage the ongoing crisis and restore confidence in the global economic outlook. This manipulation is discussed in an article by Peter Schiff on SchiffGold. Schiff argues that the decline in bond yields is not a natural market phenomenon but a result of central bank intervention. The article explores the history of government intervention in markets and highlights the role of central banks in managing market expectations and steering financial assets.
Schiff also discusses the manipulation of statistics, such as inflation numbers, by central banks. He points out that these interventions are temporary solutions and that the underlying problems, such as the growing debt crisis faced by G7 governments, have not been adequately addressed. While central banks have learned how to restore confidence in a credit crisis, Schiff warns that the problems will eventually resurface.
The article sheds light on the concerns raised in the previous news source about rising bond borrowing rates and government debt sustainability. It suggests that central banks' manipulation of bond yields is a response to these concerns, aiming to keep interest rates low and support economic recovery. However, Schiff argues that this manipulation may only provide temporary relief and that the underlying issues of debt and financial instability need to be addressed.
Overall, the article adds another perspective to the discussion on government intervention and the challenges faced by central banks in managing the crisis. It emphasizes the need for sustainable fiscal policies and long-term solutions to address the growing debt crisis and ensure financial stability. [294e5df3]