A Global Crash Far Worse Than 2008, Complete Chaos And The End Of Faith In Fiat Money

KingWorldNews.com
Sept. 19, 2015

Today one of the top economists in the world warned King World News about a global crash far worse than 2008, complete chaos and the end of faith in fiat money.

Michael Pento: “The incompetent Fed is way over its head. It’s losing control of markets. What I mean by that is asset prices and debt levels have become so overextended that the Federal Reserve can never normalize interest rates because the economy is already so weak.

The global economy is so weak that if they were to start to raise interest rates the yield curve would flatten and then invert, cutting off money supply, and asset prices would crash like it was 2008 on steroids. And the $200 trillion worth of global debt would become insolvent. So that is what we are seeing and that is what we learned this week from the Federal Reserve. They are stuck and everybody knows it.”

The Rest…HERE

This entry was posted on Sunday, September 20th, 2015 at 1:37 am and is filed under Civil Unrest, 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.