Paul Brodsky: Central Banks are Nearing the 'Inflate or Die' Stage

[SongSungAU]

Paul Brodsky: Central Banks are Nearing the 'Inflate or Die' Stage (44 min 38 sec):
http://www.youtube.com/watch?v=hSLzEu8erOk

Published on Jul 6, 2012 by ChrisMartensondotcom

"It's impossible to have a political solution to a balance sheet problem" says Paul Brodsky, bond market expert and co-founder of QB Asset Management.

The world has simply gotten itself into too much debt. There are creditors that expect to be paid, and debtors that are having an increasingly difficult time making their coupon payments. No amount of political or policy intervention is going to change that reality. (Unless a global "debt jubilee" transpires, which Paul thinks is unlikely).

Looking at the global monetary base, Paul sees it dwarfed by the staggering amount of debts that need to be repaid or serviced. The reckless use of leverage has resulted in a chasm between total credit and the money that can service it.

So how will this debt overhang be resolved?

Central bank money printing -- and lots of it -- thinks Paul.

At this point, the danger posed by the instability of our monetary and fiscal house of cards is so great that trying to time an investment program to when this avalanche of printing will occur too risky, in Paul's opinion. It's time to shift your remaining capital into hard assets and sit on the sidelines to watch the carnage play out.

[Fanakapan]

I was pretty impressed with what Martenson was putting forward when first I saw it a a few years ago (pre crash). But after at least 2 failed predictions I'm having to categorise him along with other failed Doomsday Pushers

Dont look to the overhanging Debt Burden to be solved through the Market, instead look to Politicians realising that their continued wellbeing depends on the public, as opposed to their Banking Buddies Early signs of such happening here in the UK with the ongoing LIBOR scandal which has a long way to run yet. Interestingly, I'm seeing the Pension Companies who hold large amounts of Bank Stock, flexing their muscles in a way to align themselves with Public Opinion ? Not surprising really when Most Private Pension Funds must have eaten enough of their seedcorn at this stage, to virtually ensure that they are Toilet Bound ??

[budfox]

The banks are all dead, just most people don't know it. Got Gold?

[bulloncoins]

The banks are all dead, just most people don't know it. Got Gold?

The word is starting to get around a bit more...slowly but surely....


"Exposure of Banker Corruption" by Jim Willie

http://news.goldseek.com/GoldenJackass/1341518400.php

Good read...long but informative....

[gringott]

The banks are all dead, just most people don't know it. Got Gold?

They are negative dead, or more dead than dead, if that is possible. Only the puppetmaster's hand up their arse makes them move now...