Loading ...Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn’t optimistic about current conditions.
When Volcker looks around now, he sees “a hell of a mess in every direction,” including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a “swamp” in Washington run by plutocrats.
Without a doubt, it is most definitely true that we are facing “a hell of a mess”, but most Americans are entirely clueless about what is coming.
In the aftermath of the 2008 crisis, the economy stabilized and global central banks were able to inflate the biggest financial bubble in human history.
Once this bubble bursts, there won’t be a similar “recovery” this time around.
Along with the rest of the world, the U.S. is headed for an unprecedented period of chaos and pain