Ann Pettifor: Central bankers, inflation “cousins” & the real threat to the global economy

“Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.”

Read Here

Be the first to comment

Leave a Reply

Your email address will not be published.