Today Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF and the World Bank, warned King World News “It’s all coming to an end.”
Eric King: “Nomi, we went through a round of terror in 2008, and certainly China just went through that again recently when their stock market crashed along with the emerging markets, but when does this whole global Ponzi scheme finally come unraveled?”
Nomi Prins: “We are seeing small unravelings all the time. Brazil is doing badly, Mexico is struggling, currencies around the world relative to the dollar are hurting, which means relationships of imports to exports and money coming into those countries are hurting.
China has had problems but its central bank has been big enough and strong enough to boost it at least somewhat back up again. The United States is in complete denial in terms of what the economic indicators are said to be vs what they actually are and how the markets themselves are being continually buoyed either by the Federal Reserve or the Fed’s associations with some of the big banks in terms of continuing to buy Treasury bonds…
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Nomi Prins continues: “The ECB is still on a mission, and as of the November 12th announcement from Mario Draghi, an even stronger mission to continue to infuse those markets with artificial money and perhaps even enhance their quantitive easing program.
It’s All Coming To An End
So you ask, ‘When is this all coming to an end?’ It is all coming to an end, but you have all these actors trying to prop up different pieces of it (the global financial system) and so that’s why there is all this enhanced volatility and you have so many ups and downs (in global markets).
(The end will come) when there are no more creative concepts on the part of these central banks to provide the artificial stimulus to the markets. And that could be the middle or the end of 2016, only because one big central bank in play has already committed to doing their part of it (with enhanced stimulus).
And so that’s why we continue to have enhanced volatility to the downside in global markets that is also met with intervention, which is unprecedented. But it (the stimulus) does exist and we have to recognize that, as unprecedented and bizarre as it is, and there are indications that it will continue. And so that keeps the artificial game in play through the middle or fall of 2016.
If Anything Was Stable For Real…
But in the core of markets and economies things are not stable, which is why all of these (volatile) movements are happening. If anything was stable for real, the Federal Reserve would have raised rates years ago, the ECB wouldn’t have needed to come up with another round of quantitative easing, the People’s Bank of China wouldn’t need to reduce the reserve requirements to their financial institutions in order to give them more money to play with — none of that would be happening.
So we are in a state of deterioration. The timing of an eventual implosion has to do with when the big banks have nothing left to counteract the artificial markets coming apart that they themselves have created. Eric, this is why I’m working on a book right now titled Artisans of Money, to examine the extent to which the financial system is in play and is shifting in terms of its very paradigm.
We have never had what we’ve experienced since 2008 in terms of central bank interventions in the financial markets. So what I am doing right now for this book is traveling and talking to central bank leaders and members around the world, and looking at how things are on the ground in major countries, and speaking with leaders who are involved in all of these interactions and artificial stimulants to the markets and piecing together this transitionary time in history where we will look back and say, ‘That is when everything…You can continue listening to this powerful audio interview with Nomi Prins, where she discusses the coming financial destruction that is in front of us, what is going to put an end to the manipulation of major markets, including gold and silver, what investors can do to protect themselves and much more, by CLICKING HERE OR ON THE IMAGE BELOW.
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