World Bank Global Economy Warning: Hope for the Best, Prepare for the Worst
By: Jesse
Market Oracle
Jan 18, 2012
In case your domestic financial press fails to deliver this important message to you so clearly, as the World Bank has done for the rest of the world’s leadership.
Hope for the best, and prepare for the worst.
Equities are pricing in a rosy scenario, but the bonds and precious metals are saying ‘beware.’
The western central banks will contine to print money in response to this financial crisis, both before and certainly after the fact.
‘How much’ is a policy decision, but the choice seems compelling. Rather than limiting their printing, they will most likely attempt to manipulate and mask the perception and awareness of their actions through programs of buying sovereign debt, engaging in disinformation campaigns, and allowing blatant price manipulation in the markets by insiders.
The problem with this is that insiders stand to profit enormously while the public is used and abused rather badly. Power really does corrupt, not all at once, but in stages, one rationale at a time, with a privileged outlook or groupthink that comes to be widely separated from the shared reality of the public. And the opportunity to turn this to pillage is not wasted on the worst elements of those in the halls of power.
“And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that.”
Lord Acton There are others ways to do this that do not benefit the few at the cost of the many in such a disproportionate manner.
The Rest…HERE
