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By Mort Amsel (Reporter)
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Banker Admits "We Engineered The Global Financial Crisis" (Video)

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Tell us something we dont already know you weasel.  -Mort

China’s economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations, a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar that will have long-lasting effects. Pettis explains how China has maintained massive but unsustainable investment growth by artificially lowering the cost of capital. He discusses how Germany is endangering the Euro by favoring its own development at the expense of its neighbors. And he looks at how the U.S. dollar’s role as the world’s reserve currency burdens America’s economy. Although various imbalances may seem unrelated, Pettis shows that all of them — including the U.S. consumption binge, surging debt in Europe, China’s investment orgy, Japan’s long stagnation, and the commodity boom in Latin America are closely tied together, and that it will be impossible to resolve any issue without forcing a resolution for all. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

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    Total 8 comments
    • The Pete Santilli Show

      Disgusting. Someone needs to bring this pig to trial; convict him & then hang him publicly

    • mekkwarrior

      oh yes mr oswald gruber has retired AGAIN to avoid jail AGAIN !.when will the world start getting mad ?

    • Cap-Z-ro

      Peter Dunn expressed a great idea during an interview with Brian Gerrish…amnesty for all whistle blowers who expose the pedophile rings which they belong to.

      I believe the same deal should be offered to all global conspirators across the board.

      Such an offer would decimate the ranks of the conspiratorial elitists…nothing like divide and conquer to foil a global conspiracy I always say.

    • ElOregonian

      I mean these criminal Banksters are so embolden that they outright tell us that they have, and will continue to engineer/manufacture/manipulate the financial markets in order to benefit themselves primarily and the citizens brutally suffering under their machinations to concentrate their wealth.

      Unbelievable that more people haven’t realized that they’ve been enslaved by them and the politicians…

    • CWHJr

      So now that they have been exposed they say sorry. If they had not been exposed they would still be doing the same thing to create the new world order. They are no more sorry than Satan.

      But those who love the truth understand this is a government that must come to prepare for WW3 and the Lord’s return.

    • Odinski

      Did you know that under UCC law they are screwed. Look at Be Free

    • inventor indo

      we all should erased banking system , we do not need banking system in a golden age


      It is suicide for a nation to dismantle its manufacturing base and send it to a foreign nation. And the slow suicide is ongoing. America’s resources have been used by the Vatican in cohort with Bushes and others who expect to ride the gravy train offered to despotic leaders if the world’s population can be brought under papal control, and Jesuits are agents to further papal power on earth. Vatican failed in Russia, couldn’t over take Russian Orthodox church to establish Roman Catholic Church, so they hired IG Farben cyanide gas salesman polish Pope John Paul II to take out Poland then Soviet Union. Vatican moved its eyes toward China and build up China through its agents in America, including Jesuit owned Georgetown Univ. graduate Pres. Bill Clinton, who wrote and enacted policy that gave America’s manufacturing base to China.

      If I am correct in my assessment, the next Pope will be Asian (Cardinal Tagle) and Pope Rat has said he will give total obedience and reverence to the next pope, letting China know beforehand the next Asian pope has the full backing of the pope rat who stays on at Vatican to guide from behind the scenes, much as it is reported former black pope kolvenbach is still operating, two black popes because their job is so enormous. Vatican’s aims ride on China hoping in bed with Vatican.


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