Thursday, September 22, 2016

The World Is Headed For A Crisis
 Far Worse Than The Financial Crisis
James Turk
"The Fed is propaganda dependent, not data-dependent.
The Fed hopes that by claiming the economy has 'strengthened' its spurious spin will stop people from realising that a recession is upon us. Meanwhile the Fed’s policymakers are feverishly praying that their flawed Keynesian economic theories and broken mathematical models will eventually start to work. But they aren’t and they won’t .. Low interest rates are distorting the economic calculation that manufacturing companies need to take into consideration as they plan their current needs as well as for the future .. For too long the Fed’s interventions have prevented interest rates from rising to normal and market-derived levels. But the beauty of economic activity is that eventually something has to give because actions have consequences, and bad actions have bad consequences. Meaning,..
there will be bad repercussions because the Fed is doing bad things
.. Time is quickly running out to help those people who have mistakenly placed their reliance upon the Fed and its policymakers. They should instead be relying on physical gold and silver, and in fact, any other tangible assets that are undervalued .. The next financial crisis will be like the first one, except worse because the level of debt is so much greater today. That means counterparty risk is also much greater, and there is only one way to avoid counterparty risk.
Don’t hold paper; hold tangible assets."
- James Turk
LINK HERE to the article

1 comment:

Anonymous said...

Paul Craig Roberts-Economy A Hoax & House Of Cards
Published on Sep 20, 2016

With around 94 million people out of the workforce, and the near record low Labor Force Participation rate, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The Labor Force Participation rate never falls during a recovery. It rises because people are entering the labor force to take advantage of the strong economy and jobs. So, there isn’t any economy. There is a house of cards that is held together by central bank money creation. The money flows into financial assets. That’s what keeps the stock market up, and it flows into bonds, which is why we have essentially 0% interest rates. . . . So, the economy is essentially a hoax.”

Join Greg Hunter as he goes One-on-One with economic expert and award winning journalist Dr. Paul Craig Roberts.