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Central Bank “Wealth Effects” Doctrine At Work: Meet The $500K “Crap Shack” In Culver City CA

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The purpose of central bank financial repression and ZIRP is to distort and inflate asset prices. Our monetary politburo even admits that it is in the monetary scam business via its self-serving doctrine called “wealth effects”. The game here is to drive the stock market averages ever higher through massive liquidity injections into the Wall Street dealer markets.…