Before It's News | Popular Money
EPIC RANT: “They Take a Press Release from the Federal Reserve and They Think It Was Written by God”
If there’s one thing that individual investors can take away from Ben Bernanke’s latest Fed update, it’s that all confidence in the financial and economic systems of this country has been lost.
Within seconds of Ben Bernanke suggesting the Fed would taper monetary expansion and reduce their activity stock markets tumbled.
This proves one thing, and it’s what we and many other critics of Fed policy have been saying for nearly five years. The only thing keeping the entire system afloat is the fact that the U.S dollar is the world’s reserve currency, and that we can print it to infinitum.
Ben Bernanke simply spoke of pulling back the money printing and look what happened. Stock markets dropped almost instantly. Can you image what will happen when the Federal Reserve actually stops the printing, or even pulls back a little bit?
It would be financial chaos on an unprecedented scale.
Americans should be outraged that it has come to this.
The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe
by Adam Taggart * Peak Prosperity In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history and warned of a coming crisis (a "fourth turning") based on this research. Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings. Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.) It is a season you have to move through before you are born again -- so to speak -- as a society, and regain institutional confidence.
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