kingworldnews.com / November 29, 2014
On the heels of a plunge in oil, gold, and silver prices, and a surge in international stock markets, today one of the top economists in the world sent King World News warning that the United States is busy orchestrating the next disastrous global financial crisis. Below is the fantastic piece from Michael Pento.
November 29 (King World News) – U.S. Orchestrating The Next Disastrous Global Financial Crisis
There is a perfect word that describes the current condition of governments and consumers around the world today. The word is obdurate, and it means to be stubbornly persistent in wrongdoing. The word comes to mind when witnessing the renewed enthusiasm of central banks to re-inflate old asset bubbles and to endlessly debase their currencies with the misguided belief that inflation will engender sustainable economic growth. In the case of the Fed, it has so far to date made at least three QE efforts and six years of ZIRP to achieve this goal. But what it has actually achieved is to create asset bubbles and render the nation insolvent….