Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Greg Hunter: Fed Scared to Death of Causing Global Financial Crash – Nomi Prins Video

% of readers think this story is Fact. Add your two cents.


 

By Greg Hunter’s USAWatchdog.com

Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. Prins explains, “So, when the Fed says they are going to remove assets from their $4.5 trillion book by not reinvesting the interest payment . . . the reality is they haven’t really done that.  They have reduced their book by about $10 billion off of $4.5 trillion since they mentioned they were going to start ‘tapering.”  The media discusses this as a major tightening move.  Somehow all of our economies have finally worked because of central bank activity.  Growth is real.  It’s all positive.  The markets are evidence of that because of the levels they are at; and, therefore, these central banks, starting with the Fed, are going to reverse course of these last 10 years. 

The reality is if you look at the actual activity of the central banks, beyond the Fed raising rates by a little bit, there hasn’t been and there isn’t being a reversal of course because they are scared to death that too much of a reversal is going to cause a major crash throughout the financial system. Everything is connected.  All the banks are connected.  Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity.”Prins, who just finished traveling the globe to research her upcoming book, thinks there is one big thing that can take the entire system down. Prins, a former top Wall Street banker, contends, “There hasn’t been any real growth in the real economy.  That is an indication of the misfire of this entire plan.  There has been tremendous growth in stock markets and bond markets.  If you look at localities or states or governments whose debt to GDP levels are well over 100%, in Japan it’s over 200%, in the United States it over 100%, and this is the same throughout the world.  These are levels that they have never been, and they are all at their historic highs.  That’s why debt will ultimately be the destructor of the system.  In order for that to happen, the cheapness of money that allow states, municipalities and corporations to continue to borrow at these cheap levels has to go away. . . .

At some point, there will be a mistake.  There might be a tiny smidge of an interest rate hike at some central bank, probably the Fed, which ripples throughout the system as a mistake, not because real growth has happened, and that’s why interest rates have been raised.  That will incur defaults throughout the system.  People will incur personal defaults, and that will cause problems in the mortgage market . . . then it becomes a knock-on credit crisis, and then banks start not to lend . . . . Then we have the makings of a broad crisis.”

Prins doesn’t think we get a crash in 2018, but warns when the markets crash, “they will come down fast.”

So, how is Prins protecting herself? Prins says, “I’m buying gold. . . . I would also be a buyer of silver because silver is a used hard asset, and it’s at really cheap levels right now.  I would be a buyer as a percentage of my portfolio.  I have done exactly what I am telling you is a good idea to do, which is to take money from the stock market and put it into hard assets.”

Join Greg Hunter as he goes One-on-One with Nomi Prins, author of the upcoming book titled “Collusion: How Central Bankers Rigged the World.” 

(To Donate to USAWatchdog.com Click Here) 

After the Interview:

You can find free information and analysis from Nomi Prins at NomiPrins.com. Prins is giving USAWatchdog.com viewers a special link to buy her new book at a hefty discount.  Prins says this pre-order link will give USAWatchdog.com buyers of “Collusion: How Central Bankers Rigged the World” a 40% discount up until it officially releases on May 1, 2018.

Related Posts:

https://usawatchdog.com/fed-scared-to-death-of-causing-global-financial-crash-nomi-prins/ 

 

 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 3 comments
    • Mark Brander

      It would seem that ‘Plan B’ is the ‘Mark of the Beast’

      Lots of interesting events ahead! http://revelation12.ca

    • Mr. R. West

      Save time … skip the articles and just read these comments at the bottom!

    • raburgeson

      It could not possibly be by mistake. Read the docs about their policies on loans. (Actually the lack of.) They are not there to do business. They are there to bilk everyone. The crash is immanent because the banksters were successful. Gold and silver coin in your pockets people. The real constitution says no stae will produce other than gold and silver coin.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.