Global Planned Financial Tsunami Has Just Begun
The comments below are an edited and abridged synopsis of an article by F. William Engdahl
Since the creation of the Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the 2008 Lehman Bros. failure. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown guarantees a global depression and worse.
The extent of the cheap credit bubble that the Fed, the ECB and Bank of Japan have engineered with the buying up of bonds and maintaining unprecedented near-zero or even negative interest rates is beyond imagination. The media covers it with daily nonsense reporting while the world economy is being readied, not for stagflation or recession, but for the worst economic depression to date. Thank you, globalization and Davos.
Up for discussion: Globalization; quantitative madness; energy drives the collapse; the Fed has pulled the plug; and deleveraging the bubble.