by Stan Szymanski, The Tenpenny Report:
Truth is treason in an empire of lies.
The financial news coming out as of late is getting more and more alarming. We don’t have much time left before the financial house of cards that the American economy is comes tumbling down. In other words, the collapse is imminent.
I can now say with certainty that the collapse is in progress now. The Western central banks have all pooled their resources to stop cash outflows from different banks around the Western world, to plug holes that appear, and keep the banks solvent. But it’s too much; the dam has too many cracks, too many holes, and there aren’t enough fingers available to stop the leaks.
The one thing about the financial world that never ceases to amaze me is how far behind the curve mainstream economists always seem to be. Not long ago we had both Janet Yellen and Paul Krugman, economists supposedly at the front of the pack, both proving to be utterly ignorant (or strategically dishonest) on the effects of central bank stimulus measures and the threat of inflation. In fact, they both consistently denied such a threat existed until they were crushed by the evidence.
“I’ll pardon brave truth-tellers like Julian Assange and investigate the corruption and crimes they exposed.”
‘I don’t think they should scale this up more until they have understood whether they can control it,’ said Dr. Geoffrey Hinton.
