This Will Trigger Massive Crisis & Panic All Over The World
May 11, 2014
With a non-stop flow of propaganda from Western mainstream media outlets, today Michael Pento warned King World News that the world is headed for a massive crisis and panic. Pento also reveals exactly what is going to trigger this massive panic, and he also cautioned that it will feed on itself once it begins.
By Michael Pento of Pento Portfolio Strategies
May 11 (King World News) – This Will Trigger Massive Crisis & Panic All Over The World
It is imperative to understand the dynamics between the U.S. dollar and the Japanese Yen in order to grasp what is occurring across international markets. Investors have been borrowing Yen at nearly zero percent interest rates and buying higher-yielding assets located worldwide. These market savvy institutions and individuals realize that buying income producing assets, which are backed by a currency that is gaining value against the Yen, is a win-win trade.
Because of the policies embraced under the regime of Japanese Prime Minister Shinzo Abe, the Japanese economy was subjected to significant currency depreciation, government deficit spending and stagflation. When global investors unanimously become assured that the economic “recovery plan” of Japan would be based on massive debt accumulation and money printing, the yen received a death sentence….