A short report from Sweden… The central bank, The Riksbanken, lowered its main interest rate from 2.0 to 1.0 percent today hitting its lowest rate ever. The prime minister and the minister of finance urged people with mortgages to “put pressure” on banks to lower rates for homeowner - “because nobody else will”. At the same time the Swedish Krona lost positions against USD and EUR as Gold rises in USD terms. Gold is now at 265.000 SEK/Kg - all time high…
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Johnny Mellgren is a Swedish entrepreneur with a keen interest in macro economics and macro politics. This is his web site where he blogs about the economic collapse of our time, what to do about it and the economic future we create together. Contact Johnny Mellgren.
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I provide advice on investment portfolios for private and corporate clients. I also hold lectures in the history of money and the current economic collapse and how to protect your wealth in a time of transition.