{"id":30022,"date":"2018-01-22T09:10:50","date_gmt":"2018-01-22T14:10:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30022"},"modified":"2018-01-22T09:10:50","modified_gmt":"2018-01-22T14:10:50","slug":"fed-scared-to-death-of-causing-global-financial-crash-nomi-prins","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30022","title":{"rendered":"Fed Scared to Death of Causing Global Financial Crash \u2013 Nomi Prins"},"content":{"rendered":"
\n

Fed Scared to Death of Causing Global Financial Crash \u2013 Nomi Prins<\/a><\/h3>\n<\/header>\n
\n

\"\"<\/a><\/strong>Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. Prins explains, \u201cSo, when the Fed says they are going to remove assets from their $4.5 trillion book by not reinvesting the interest payment . . . the reality is they haven\u2019t really done that.\u00a0 They have reduced their book by about $10 billion off of $4.5 trillion since they mentioned they were going to start \u2018tapering.\u201d\u00a0 The media discusses this as a major tightening move.\u00a0 Somehow all of our economies have finally worked because of central bank activity.\u00a0 Growth is real.\u00a0 It\u2019s all positive.\u00a0 The markets are evidence of that because of the levels they are at; and, therefore, these central banks, starting with the Fed, are going to reverse course of these last 10 years.\u00a0 The reality is if you look at the actual activity of the central banks, beyond the Fed raising rates by a little bit, there hasn\u2019t been and there isn\u2019t being a reversal of course because they are scared to death that too much of a reversal is going to cause a major crash throughout the financial system.<\/strong> Everything is connected.\u00a0 All the banks are connected.\u00a0 Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity.\u201d<\/span>Prins, who just finished traveling the globe to research her upcoming book, thinks there is one big thing that can take the entire system down. Prins, a former top Wall Street banker, contends, \u201cThere hasn\u2019t been any real growth in the real economy.\u00a0 That is an indication of the misfire of this entire plan.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fed Scared to Death of Causing Global Financial Crash \u2013 Nomi Prins Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. Prins explains, \u201cSo, when the Fed says they are going to remove assets from their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[39,8381,124,303,6809,16807,8757,534,575,3650,9699],"class_list":["post-30022","post","type-post","status-publish","format-standard","hentry","category-economics","tag-assets","tag-bank-balance-sheet","tag-central-banks","tag-fed","tag-financial-meltdown","tag-global-financial-crash","tag-greg-hunter","tag-monetary-policy","tag-nomi-prins","tag-us-federal-reserve","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30022"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30022\/revisions"}],"predecessor-version":[{"id":30023,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30022\/revisions\/30023"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}