As Major Cracks Appear In The Global Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself

Tuesday, March 24, 2015
By Paul Martin

KingWorldNews.com
March 24, 2015

Today a legend who was recently asked by the Chinese government to give a speech to government officials in China sent King World News a powerful piece that warns as major cracks appear in the global financial system, it’s everyone, every currency and every central bank for itself.

By John Ing of Maison Placements

March 24 (King World News) – Much is made of America’s economy becoming one of the fastest growing economies in the world. It is all relative. Debt has grown even faster. The US dollar too has soared relative to other currencies, thanks in part to a relatively better economic recovery and of course the trillions from the Fed’s bond buying program. However, the US still has 47 million people on food stamps and unemployment remains stuck at 5.5 percent. The US is just the least ugly duckling while the rest of the world copes with its own serious challenges.

The US needs to grow and close the gap between the haves (who benefited from QE) and the have-nots (savers and pensioners hurt by zero interest rates). America’s growth is simply not sustainable because this debt load is heavily dependent upon the largesse of its creditors. In fact, the strong dollar makes America’s goods and services less competitive such that Obama and America’s lawmakers are threatening to enact a trade agenda attacking the “currency manipulators” aka trade wars.

The Rest…HERE

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