THE CENTRAL BANK GLOBAL SYMPOSIUM ENDS WITH PLEA TO POLITICAL LEADERS OF THE WORLD……HELP US PLEASE.
I won’t go into the economic ese of the report on data. You know the data. It is all bad. The central banks concluded in summary:
- Policy since 2007 has utterly failed.
- Growth is blocked stalled and risk advancing into system collapse.
- Nations must act.
- Nations must spend so much they SHOCK TAX PAYERS where deficits are so large that inflation is KICKED In the ass and moves growth forward again.
- Allowing business and consumers to EXPECT zero inflation and even DEFLATION is the new normal – as an ENTRENCHED MIND SET – must be altered at all cost and immediately. This mind set WILL create a risk for Super Crash and system failure due to debt failure where growth does not permit management of rising and forward debt – central bankers will go bankrupt with their membership of banks. Failed policy and speculative regulatory failure in a digital market age – combine to risk the world order. Utterly. The Central banks see the risk as immediate. They can’t solve it. They lobby politicians to spend into oblivion as a last gasp effort ( which never works economically ) to foster system preservation by outspending the SUPER CRASH and DEFLATION death spiral for economies into world war. Which is historic and they all know they are at the cliff once again. They KNOW.
That folks is the PANIC Of CENTRAL BANKERS – they have no ammunition left – they have no bullets let – they have no tools and tactics – seeing the risk rising for a debt driven super crash and system collapse that will be actually the end of THEIR MEDDLING FAILED POLICIES – as this TIME law makers will hold the right players accountable – as they will after the super crash this time – the real them – the bankers and their self regulatory agency the bankers themselves own and control the CENTRAL BANKS – as such a BAD BAD AND A FAILED IDEA SINCE 1920 – and merge central banks back into treasury of nations.
Hey – here is a concept law makers – why not DO THIS STEP BEFORE THERE IS A SUPER CRASH AND PREVENT THE SUPER CRASH AND WORLD WAR?
What a concept.
So this weekend the Central Bankers blinked and cried out to politicians to spend unlimited money to create GROWTH they in almost a decade have failed collectively to generate and they explain with hands up – they have no clue how to do it. They have lost.
We have lost listening to THEM.
What they didn’t explain – is the MARKETS NO LONGER GIVE CENTRAL BANKS CREDIBILITY – they ARE PROCEEDING WHERE THEY ARE AN ITEM TO INVEST AROUND – NO LONGER ARE THEY IN CONTROL OF “THE” MARKET THEY HAVE IN FACT LOST ALL CREDIBILITY CONFIDENCE AND TOTAL CONTROL HAS SLIPPED OUT OF THEIR HANDS FOREVER.
Think about THAT as a ECONOMIC SPEAK event of this weekend Central bank PANIC. Now imagine a bit what do you THINK all that may produce in the fall BOND MARKETS?
Berny Dohrmann – Telling the Truth faster for you….