{"id":33999,"date":"2018-05-07T06:09:22","date_gmt":"2018-05-07T11:09:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33999"},"modified":"2018-05-07T06:09:22","modified_gmt":"2018-05-07T11:09:22","slug":"market-plummets-if-global-central-banks-pull-plug-nomi-prins","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33999","title":{"rendered":"Market Plummets if Global Central Banks Pull Plug \u2013 Nomi Prins"},"content":{"rendered":"
\n

Market Plummets if Global Central Banks Pull Plug \u2013 Nomi Prins<\/a><\/h3>\n<\/header>\n
\n

\"\"<\/a><\/strong>Two time best-selling book author Nomi Prins says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called \u201cCollusion: How Central Bankers Rigged the World.\u201d<\/strong> The enormity of our current global debt problem is caused by central bankers.\u00a0 Prins explains, \u201cIt is huge.\u00a0 The debt is between two and a half to three times global GDP, which is an historical high.\u00a0 Debt to GDP throughout the developed world is higher than it has ever been, and it continues to grow.\u00a0 Why?\u00a0 Because money continues to be conjured up and rendered cheap for the participants at the top of the financial system.\u00a0 The banks, the major corporations, the people who make money out of that, and it hasn\u2019t washed down to the rest of the economy.\u00a0 This is why most people feel this anxiety about another potential financial crisis, but also about what happens every day in their own pocketbooks.\u00a0 So, it is worse.\u00a0 <\/span>These central banks today, 10 years after the financial crisis occurred, that was supposed to be an emergency situation.\u00a0 They have $21 trillion worth of conjured money in return for debt assets, stocks and corporate bonds around the world.\u00a0 If they pulled that plug, if they were to take down any of the $21 trillion, even a little bit . . . it would begin to create a major rupture in the financial system.\u00a0 This is why I say the central banks are the market<\/strong>.\u00a0 Without them, the markets would be nowhere near these highs. If they pulled their help and subsidies, the market would plummet really quickly.\u201d <\/strong>\u00a0<\/strong><\/p>\n

Prins admits this has gone on for longer than most believed possible, but says it can\u2019t go on forever. How does it all end?<\/p>\n

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

Market Plummets if Global Central Banks Pull Plug \u2013 Nomi Prins Two time best-selling book author Nomi Prins says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called \u201cCollusion: How Central Bankers Rigged the World.\u201d The enormity of our current global debt […]<\/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":[124,2938,195,1849,8757,431,506,534,575,9699,860],"class_list":["post-33999","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-collusion","tag-debt","tag-financial-markets","tag-greg-hunter","tag-interest-rates","tag-markets","tag-monetary-policy","tag-nomi-prins","tag-usa-watchdog","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33999","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=33999"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33999\/revisions"}],"predecessor-version":[{"id":34000,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33999\/revisions\/34000"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}