Keynote Speaker Who Recently Addressed The Federal Reserve, IMF And World Bank Warns Global Chaos To Intensify
KingWorldNews.com
January 16, 2016
The keynote speaker who recently addressed the Federal Reserve, IMF and World Bank warns global chaos to intensify.
Nomi Prins: “For 7 years the Fed has provided unnatural liquidity to the system. Institutional players have gotten propped up by the Federal Reserve, the ECB, the Bank of Japan, the People’s Bank of China, and in other regions throughout the world…
Naomi Prins continues: “It (the massive and unnatural liquidity) has not been organic — it has been completely unnatural. And there’s a point at which that comes to an end.
World Financial Systems Can’t Survive
Now, central banks will still be involved in trying to find ways to keep interest rates low. And despite the fact that the Federal Reserve just raised interest rates by 25 basis points, I do not believe this is the embarkation of some tightening monetary policy globally. The reality is that there will not be a global policy of monetary tightening because the financial systems in the world don’t have enough money to survive — they don’t have the liquidity.
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