Central Banks Can’t Fix the System! Fed’s Plan To Use Stocks To Boost U.S. Economy Has Failed, Yellen Collapse ‘Will Be Unlike Any Other’.

Art Cashin – Fed’s Plan To Use Stocks To Boost U.S. Economy Has Failed

Today one of the legends in the business explains why the Fed’s plan to use the stock market to boost the U.S.economy has failed.  50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management), also included a guest commentary discussing the Fed’s failure.

By Art Cashin Director of Floor Operations at UBS 

April 23 (King World News) – “On this day in 1985, one of the savviest marketing teams at one of the savviest marketing companies in history stunned the world with a product announcement.  They proclaimed that they were phasing out their main product and replacing it with a new improved version.  Pretty tame stuff for most products.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/23_Feds_Plan_To_Use_Stocks_To_Boost_U.S._Economy_Has_Failed.html

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.

Grantham pulls no punches when he discusses who he holds responsible for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and said the Federal Reserve all but killed the economic recovery.

He also says that he isn’t putting his clients’ money into the market right now.

“We invest our clients’ money based on our seven-year prediction. And over the next seven years, we think the market will have negative returns. The next bust will be unlike any other, because the Fed and other central banks around the world have taken on all this leverage that was out there and put it on their balance sheets. We have never had this before.”

http://www.moneynews.com/MKTNews/economic-JanetYellen-stockbust/2014/03/26/id/561923/#ixzz2xkTF4LEuGLY

Turk – Western Central Banks To Run Out Of Gold This Year

Turk: “What’s going on in the gold market is just unbelievable, Eric. It’s really never happened before. We’ve had this prolonged backwardation starting in the middle of last year when the lows in gold and silver were reached….

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/23_Turk_-_Western_Central_Banks_To_Run_Out_Of_Gold_This_Year.html

The United States Debt Meltdown, And The Coming Dollar Collapse

The United States government and the Federal Reserve must keep interest rates near zero – because if they don’t, there will be great difficulty in paying the interest on the debt they’ve accumulated, which could bring it all (the economy and our way of life) crashing down.

There’s one problem though. The only way the United States can maintain their zero interest rate policies is for the world to continue accepting the dollar as the world’s reserve currency. The thing is – they’re not, and plans are nearly implemented to circumvent the United States dollar for major countries such as Russia and China (and others).

The carrot and the stick approach (by the United States) isn’t working so well anymore. The carrot (the strength of the dollar) is becoming increasingly rotten and the stick (the willingness to use the military) has weakened considerably as Americans have grown war weary.

http://modernsurvivalblog.com/current-events-economics-politics/the-united-states-debt-meltdown-and-the-coming-dollar-collapse/