Tag Archives: European Central Bank

The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us.

Their words seek to soothe us that “everything’s fine” and the global economy is doing quite well. But their behavior reflects a desperate anxiety.

Put more frankly; we’re being lied to.

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In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy:

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Just when you thought the world could not spin much faster, global monetary events in 2015 have picked up speed. 

Buckle up.

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Sometimes it pays to step way back and look at things from a high level.

In response to the 2008 crisis, the world's major central banks pumped an unprecedented amount of monetary stimulus into the system — all in the name of kick starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.

More than six years and over $4 trillion later, what exactly can we say it did for us?

Not enough, as the following short video summarizes.

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As counter-intuitive as it may sound, success rather reliably leads to failure and destabilization.

In the macro-economic arena, I think it highly likely that the monetary and fiscal policies of the past six years that are conventionally viewed as successful will lead to spectacular political and financial failures in 2015 and 2016.

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• The Greek Catastrophe: Three Generations of Greek Workers
• Public authorities rack up nearly $250 billion in debt
• European Shares at Multi-Year Highs on Stimulus Hopes
• Analysis – Older French face slow squeeze in pension reform
• U.S. Tells G-7 to Avoid Currency Intervention Except Rare Cases
• China's Ghost Towns: Deserted Cities Raise Fears of Debt Crisis
• Food banks are thriving, much to the government's embarrassment
• Egypt’s fuel shortages demonstrate perfect storm of economic pressures
• Revealed: The shocking true scale of food poverty 
• Report: Record 50,000 homeless now in NYC
• Images of Japan's barren tsunami coast 2 years on
• College could cost over $300k in 10 years
• Wall Street selling junk bonds at record pace
• Why America's middle class is losing ground
• Gross Says Yen to Weaken to 100 Per Dollar on QE Concern

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