Friday, July 15, 2016

The 3Q 2015 Crisis Is Moving Into 1Q 2020
"The world financial crisis that is unfolding post-3Q 2015 is looking at the demise of governments .. The markets where central banks have been buying government bonds to try to stimulate the economy has utterly failed and created a crisis beyond contemplation. We are looking at the collapse of government’s ability to issue debt as we move forward into this cycle. The only buying will be central banks at the end of the day – totally insane .. Governments are trying bail-ins and this is causing confidence to collapse. Why should people trust banks at all? Once they hoard cash; that is it. The velocity of money implodes and you end up with an economic depression."
- Martin Armstrong
link here to the article

1 comment:

Anonymous said...

Extended interview with Loretta Mester

Updated Thu at 4:40am

The US Federal Reserve remains the biggest puppeteer in the market. Loretta Mester, Federal Reserve board member speaks with Elysse.