PREPARE FOR WEALTH DESTRUCTION...NOT REDISTRIBUTION... say economists and investors who say that quantitative easings (QEs) are unsustainable and a collapse of the dollar is coming. I am sorry to say that I agree. And it will be much worse than when Obama took over. If stimulating the economy by government creating fiat currency worked, Zimbabwe would be the most prosperous nation in the world. Obama has picked Janet Yellen to preside over the Fed, who believes that QEs create jobs. She is a neo-Keynesian... for those who know the term. We are destined for a crisis that will result in millions becoming poorer, and a few, who understand currency and economy manipulation, becoming fabulously wealthy. Excerpt: Before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy. When the interview host questioned Wiedemer’s latest data, the author unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.” The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.... moneynews/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/?promo_code=13E5C-1&utm_source=taboola
Posted on: Sat, 12 Oct 2013 15:42:38 +0000