The ORIGINAL gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
Wednesday, January 20, 2016
"World faces wave of epic debt defaults, fears central bank veteran."
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS).
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And to think they mocked Preppers and "conspiracy theorists"....Every time they did, they were merely hiding the truth...Eat up, this is gonna be a supersized shit sandwich...Not thanks, ill pass because I can.
Sign Me, Neal Jensen
Nice. First they create the situation and then say "Gee wiz, how'd it ever come to this?"
Today, 20 January 2016 the markets worldwide are in FREE FALL...Asian markets lost up to 750 points, European markets 300 points and the US Dow off 400, oil below 27 a barrel...this is what collapse looks like. how many of you saw it coming? I did, never ever trust an Economist, Politician or a Banker. They are best trusted only when hanging from a light post involuntarily. then they are HONEST.
Sign Me, Neal Jensen
Terrifyingly, this expert's opinion is that the only way out is to make an even harder left turn towards socialism.
And he's very nearly correct, insofar as only functionally Communist totalitarian regimes can hope to pull off what he suggests. For governments that have to deal with people who won't simply be rounded up and shipped off on cattle cars for "the greater good", there is no way out.
Hopefully, very soon, being an establishment politician or simply being a member of the corrupt, subversive ruling political class, in many western nations, is about to become really dangerous.
How much of this is planned and then orchestrated we may never fully know, but I bet George Soros would have the 'goods' on this, just like he has assisted in busting the Bank of England and the 2008 GFC.
I wish this evil person would just fall off his perch!
Intertemporal smoothing, I had to research that term. Can't raise rates too much, can't inject more QE. Bad, bad, bad.
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