Swedish Rekt Bank

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In this video, I discuss the Swedish central bank (Sveriges Riksbank) blowing itself up through its own incompetence and needing a $7 billion bailout.

The Swedish central bank has had a long and fabled history, stealing the economic energy and savings of the people of Sweden for many hundreds of years.

It gained the monopoly on money and then failed to control price stability for the country. To add insult to injury, it is now asking for a taxpayer funded bailout.

Not investment advice! Consult a financial advisor.

Sveriges Riksbank (Swedish central bank):
https://twitter.com/riksbanken
https://www.riksbank.se/en-gb/about-the-riksbank/

Riksbank historical timeline:
https://www.riksbank.se/en-gb/about-the-riksbank/history/historical-timeline/

Gold priced in SEK:
https://goldprice.org/gold-price-history.html

Paul Krugman's 10-Year History of Being Wrong About Bitcoin:
https://reason.com/2021/06/10/paul-krugmans-10-year-history-of-being-wrong-about-bitcoin/

Don’t do it again! The Swedish experience with negative central bank rates in 2015-2019:
https://cepr.org/voxeu/columns/dont-do-it-again-swedish-experience-negative-central-bank-rates-2015-2019

Swedish central bank blows itself up and needs a bailout:
https://twitter.com/zerohedge/status/1717250200933212379
https://news.yahoo.com/sweden-central-bank-needs-more-095704045.html

Chart of Swedish 3-month interest rates:
https://fred.stlouisfed.org/series/IR3TIB01SEM156N#

Highest taxed countries:
https://wisevoter.com/country-rankings/highest-taxed-countries/#tax-rates-by-country

Fed liabilities and capital:
https://fred.stlouisfed.org/series/WOLCL

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#banks
#Riksbank

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