The Next Crash Will Be Unprecedented On A Global Scale
Canadian news agency interview bankers from Canada, the US and Europe. They admitted that the bankers meet in secret and control the governments of the world. The interviewer suggests that our money is no longer safe in the banks.
A Canadian documentary explores the repercussions of globally-coordinated quantitative easing (aka, printing gobs of thin-air money):
They stated in the interview that we will see a crash unlike any other and there will be no good outcome on a global scale because everything from real estate to stocks are over inflated with nothing holding it up other than printed money. They then said once investors realize this in the stock market they will start withdrawing money like crazy. They also implied that the answer to the crash will be to steal our money out of our bank accounts and pension funds….
Neil Macdonald: The ‘monarchs of money’ and the war on savers
Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit
Stock markets have risen on this tide of cheap money. So has real estate. So, arguably, has everything else.
But there are two big concerns with what this new central banker elite has done.
One is that no one really understands the consequences of pumping such vast amounts of money into the world economy. It’s already distorted the prices of certain assets, and some fear hyperinflation or market crashes are inevitable (the subject of tomorrow’s column).
The other is that it’s caused a massive shift in wealth, from savers to borrowers, and is taking money out of the pockets of almost everyone approaching or at retirement age.
See the surge in central bank holdings, the printing of new money, beginning in the spring of 2008 with the bank bailouts and the acquistion of long-term securities to keep interest rates down. (International Monetary Fund)
The world’s central banks have printed unimaginable amounts of money in recent years – “these guys are really more powerful than the government.” Neil Macdonald explores what this means for the global economy and for your financial well-being – “can you imagine if the American public knew there was this ‘club’ that met secretly in Switzerland and made decisions that dramatically affected their lives, but we’re not going to tell you about it because it’s too complicated.” This brief documentary should open a few eyes to the reality behind the world’s most powerful (and real) cabal.