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RE: Is the British Pound Pointing to a Looming World Financial Crisis?

in #market6 years ago

I am not a huge fan of Rickards (way too much self promoting), but I do agree with him on the next crisis -- 1999 Long Term Capital Management imploded and was saved by Wall Street (Rickards brokered this deal & it would have blown up system) -- next came 2008 where the banks blew up with financial weapons of mass destruction a.k.a. derivatives and they were saved by the Federal Reserve & that it was not just US banks it was also European Banks -- and now in 2018 Everything bubble will blow up and the FED has a full balance sheet and it will not be able to save the system; thus it will be bumped up to IMF (which has a clean balance sheet) the IMF will loan money on the conditions of austerity and the US will lose world reserve currency status BIG RESET. This is precisely what globalists wanted all along - A WORLD CENTRAL BANK. I do hope Trump is president at this time because there is another way for countries to get out of this Central Bank mess we are in --- Countries take back the right to print their own money. As we have seen with cryptocurrencies money is whatever people believe it to be -- Mario please look into Modern Money Theory, Stephanie Kelton is the leading authority. Michael Hudson is an honest economist - is also a believer in MMT.

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