What Now Lies Ahead Is A Terrifying Panic & Collapse
August 25, 2013
On the heels of continued volatility in key global markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece. Fitzwilson, who is founder of The Portola Group, warns KWN readers around the world what now lies ahead is a terrifying panic & collapse. Below is Fitzwilson’s outstanding and exclusive piece.
By Robert Fitzwilson of The Portola Group
August 25 (King World News) – “What Lies Ahead Is A Chaotic Collapse”
Aristotle was credited as one of the first persons to have discussed the concepts behind the “scientific method,” although he and his students did not conduct scientific experiments. It was left up to inquisitive minds such as Ptolemy, later on, to apply the concepts to scientific investigation.
In one form, it starts with a question such as, “Is there a better way to conduct monetary policy?” Next, it forms a hypothesis such as “Printing unlimited money will achieve universal prosperity” The third phase is the prediction such as, “full employment, a strong economy, low inflation and well-being for everyone.” The fourth phase is to test whether the real world behaves as predicted by the hypothesis.
For the last 100 years, a vast experiment based upon the precepts of the scientific method has been applied to monetary policy. We can now say that we are in the midst of the final phase of the test….