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Bank Carnage

The David McWilliams Podcast

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What Does the Central Bank Do With Deskali Carpets?

Central banking is like Matthew McConaughey in the Wolf of Wall Street, for Gazi. What does the central bank do with Deskali carpets? Just sticks them in a hole and forgets about them. The average depositor is now having to face the notion that they are losing money by keeping money in the banks. Now, what's happening to cryptos, we've always said the crypto is something, particularly Bitcoin, but it's not money. That's the price of price. It's going up. Why is it going up? Because everyone's expectations of interest rates are going down. They're very, very long term. And therefore, all what they call risk

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