The Entire Western Fiat System is Getting Close to Imploding

Saturday, November 22, 2014
By Paul Martin

by C Serpa
GramsGold.com
11/21/2014

The Keynesian economists managing or advising the world’s Central Banks have always promoted that they could pull us out of the weakest recovery in the post-WWII era if they were allowed to have their way, says ZeroHedge.

“Their “way” involves rampant debt monetization, also called Quantitative Easing or QE. Indeed, the primary argument from the Keynesians as to why QE has thus far failed to generate a rip-roaring recovery is that none of the QE programs in place were large enough.

Japan is where the Keynesian economic model rubber hit the road. In April 2013, the Bank of Japan announced a staggering $1.4 trillion QE program.

In today’s world of Central Banking madness, $1.4 trillion no longer sounds like an insane amount.

The U.S. Financial System is in Worse Shape than Both Japan and Europe

The program has been a complete failure. Japan’s GDP growth accelerated for only two quarters before turning down again. The misery index in Japan has hit a 33-year high as households were crushed by riding prices.

Even exports, which were supposed to be the primary beneficiaries of a weakening Yen, have tanked. According to CLSA, real exports remain 16% below the 2008 peak in real terms. Sony, the once great electronics giant of Japan slashed its profit outlook by 70% and canceled its dividend for the first time in 50 years.

The Rest…HERE

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