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Global Collapse of the Fiat Money System – Too Big To Fail Global Banks Will Collapse Between Now and First Quarter 2011

Global Collapse of the Fiat Money System: Too Big To Fail Global Banks Will Collapse Between Now and First Quarter 2011

When Quantitative Easing Has Run Its Course and Fails

by Matthias Chang

That is why in November of 2009, I was so confident to warn my readers that by the end of the first quarter of 2010 at the earliest or by the second quarter of 2010 at the latest, the global economy will go into a tailspin. The recent alarm that the US economy has slowed down and in the words of Bernanke “the recent pace of growth is less vigorous than we expected” has all but vindicated my analysis. He warned that the outlook is uncertain and the economy “remains vulnerable to unexpected developments”.

Obviously, Bernanke’s words do not reveal the full extent of the fear that has gripped central bankers and the financial elites that assembled at the annual gathering at Jackson Hole, Wyoming. But, you can take it from me that they are very afraid.

Why?

Let me be plain and blunt. The “unexpected developments” Bernanke referred to is the collapse of the global banks. This is FED speak and to those in the loop, this is the dire warning.

So many renowned economists have misdiagnosed the objective and consequences of quantitative easing. Central bankers’ scribes and the global mass media hoodwinked the people by saying that QE will enable the banks to lend monies to cash-starved companies and jump start the economy. The low interest rate regime would encourage all and sundry to borrow, consume and invest.

This was the fairy tale…………

http://globalresearch.ca/index.php?context=va&aid=20853

One Response to Global Collapse of the Fiat Money System – Too Big To Fail Global Banks Will Collapse Between Now and First Quarter 2011

  1. Keren Or Shalom

    September 10, 2010 at 7:30 am

    Sorry to blow your bubble but Quantitative Easing is over since August 25, secretly and unobserved, Quantitative Tightening is now on:

    Operation TWIST Again: Quantitative Tightening

    Giving Tempo to the TWIST.

    Update you Software

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