Quelle: zerohedge.com
Hierzu ein aktueller Bericht von Martin Armstrong - featured by Zerohedge:
Martin Armstrong Warns Of The Coming Crash Of All Crashes
- Capital Formation
- Central Banks
- Federal Reserve
- Glass Steagall
- Martin Armstrong
- Nationalization
- recovery
- Unemployment
Why are governments rushing to eliminate cash?
During previous recoveries following the recessionary declines, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the repeal of Glass Steagall in 1999, banks have looked at profits rather than their role within the economic landscape.
They shifted to structuring products and no longer was there any relationship with the client. This reduced capital formation for it has been followed by rising unemployment among the youth and/or their inability to find jobs within their fields of study. The VELOCITY of money peaked with our Economic Confidence Model 1998.55 turning point from which we warned of the pending crash in Russia...
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