from USA Watchdog:
Best-selling author and financial expert Nomi Prins says, “We are in a financial meltdown.
I said 9 or 10 months ago, it hadn’t happened yet, but it should happen because of the instability of a system that is supported by central bank maneuvers and not really anything organic and leveraging and reaching for yields in places like oil and natural gas and other places on the virtue of cheap money. . . . It kind of boggles the mind. This QE is epic. It’s historic. It is larger and more insane that ever in history. It is pan-global. The reason that things have kind of stayed in place is because there was enough cheap money coming into the system and enough corporations getting it . . . that really kept the markets artificially buoyed by virtue of this cheap money coming in. That’s kind of coming to a stop. The ECB QE will help provide the markets and banks some solvency for a while and some buoy for a while. So, therefore, there is still a little bit coming in.”
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