Global Fiscal And Monetary Madness, Economic Chaos And The First Worldwide Inflationary Depression

Sunday, November 1, 2015
By Paul Martin

KingWorldNews.com
Oct. 31, 2015

With continued volatility in global markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning about global fiscal and monetary madness, economic chaos and the first worldwide inflationary depression. Below is the fantastic piece from Michael Pento.

By Michael Pento of Pento Portfolio Strategies
October 31 – (King World News) – Global Fiscal & Monetary Madness And Economic Chaos

Last week China’s central bank (the PBOC) cut borrowing costs for the sixth time in a year and eased the reserve requirement ratio (RRR) for the third time this year, in a desperate attempt to achieve the prescribed growth target of 7% off the back of ever-increasing credit issuance. The PBOC lowered the one-year benchmark bank lending rate by 25 basis points to 4.35%, the one-year benchmark deposit rate was also lowered by 25 basis points to 1.5%…

The Rest…HERE

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