Have Governments & Central Banks Bankrupted The West?

KingWorldNews.com
March 15, 2014

Today one of the most respected money managers in the world answers the question, have governments and central banks bankrupted the West? He stated, “Our central bank has also increased the amount of high-powered money from $800 billion to $4.2 trillion—and that number is still growing.” Below is what he had to say in this exclusive King World News piece.

By Michael Pento of Pento Portfolio Strategies

I sometimes feel that the economy is living out the Hans Christian Andersen’s fable called “The Emperor’s New Clothes”. He wrote the story back in 1837 about a vain emperor who hired a couple of charlatans that promise to make him the finest robes out of invisible thread. They convinced the Emperor that anyone not appreciating the sartorial splendor of the two swindlers should be deemed hopelessly stupid and unfit for their positions….

The Rest…HERE

This entry was posted on Saturday, March 15th, 2014 at 3:22 pm and is filed under Conspiracy, Corruption, Economics, God Help Us, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.