The Era of Central Planning is Crumbling and the Elites Are Terrified

in #economy8 years ago (edited)

You can get a detailed article at http://www.zerohedge.com/news/2016-09-10/era-central-planning-crumbling-and-elite-are-terrified

A brief on Article...do read it though the link provided

Elites are worried that 'Era of Centralization' is ending in the Financial & Political power structures. Since 2008, these Central Bankers, Politician nexus have proved that their Central planning does not work. Central Banks worldwide have spent over $14 trillion and maintained ZIRP / NIRP for eight years, punishing savers and those relying on interest income. Never before in history of humanity has so much money been spent, accomplishing so little.

The Central planners have only given to the world the weakest economic recovery in decades, extreme wealth inequalities, more people ever relying on government welfare schemes / entitlements etc. The stage is set for another massive financial crisis.

You can get a detailed article at http://www.zerohedge.com/news/2016-09-10/era-central-planning-crumbling-and-elite-are-terrified

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Great fan of Zerohedge and the work they do. Happy to upvote and follow. Thanks for sharing. Cheers. Stephen

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