Nomi Prins – Keynote Speaker Who Recently Addressed The Fed, IMF And World Bank, Warns “It’s All Coming To An End”

Today Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF and the World Bank, warned King World News “It’s all coming to an end.”

Eric King:  “Nomi, we went through a round of terror in 2008, and certainly China just went through that again recently when their stock market crashed along with the emerging markets, but when does this whole global Ponzi scheme finally come unraveled?”

Nomi Prins:  “We are seeing small unravelings all the time.  Brazil is doing badly, Mexico is struggling, currencies around the world relative to the dollar are hurting, which means relationships of imports to exports and money coming into those countries are hurting.

China has had problems but its central bank has been big enough and strong enough to boost it at least somewhat back up again.  The United States is in complete denial in terms of what the economic indicators are said to be vs what they actually are and how the markets themselves are being continually buoyed either by the Federal Reserve or the Fed’s associations with some of the big banks in terms of continuing to buy Treasury bonds.

“The ECB is still on a mission, and as of the November 12th announcement from Mario Draghi, an even stronger mission to continue to infuse those markets with artificial money and perhaps even enhance their quantitive easing program.

It’s All Coming To An End

So you ask, ‘When is this all coming to an end?’  It is all coming to an end, but you have all these actors trying to prop up different pieces of it (the global financial system) and so that’s why there is all this enhanced volatility and you have so many ups and downs (in global markets).

(The end will come) when there are no more creative concepts on the part of these central banks to provide the artificial stimulus to the markets.  And that could be the middle or the end of 2016, only because one big central bank in play has already committed to doing their part of it (with enhanced stimulus).

And so that’s why we continue to have enhanced volatility to the downside in global markets that is also met with intervention, which is unprecedented.  But it (the stimulus) does exist and we have to recognize that, as unprecedented and bizarre as it is, and there are indications that it will continue.  And so that keeps the artificial game in play through the middle or fall of 2016.

If Anything Was Stable For Real…

But in the core of markets and economies things are not stable, which is why all of these (volatile) movements are happening.  If anything was stable for real, the Federal Reserve would have raised rates years ago, the ECB wouldn’t have needed to come up with another round of quantitative easing, the People’s Bank of China wouldn’t need to reduce the reserve requirements to their financial institutions in order to give them more money to play with — none of that would be happening.

So we are in a state of deterioration.  The timing of an eventual implosion has to do with when the big banks have nothing left to counteract the artificial markets coming apart that they themselves have created.  Eric, this is why I’m working on a book right now titled Artisans of Money, to examine the extent to which the financial system is in play and is shifting in terms of its very paradigm.

We have never had what we’ve experienced since 2008 in terms of central bank interventions in the financial markets.  So what I am doing right now for this book is traveling and talking to central bank leaders and members around the world, and looking at how things are on the ground in major countries,and speaking with leaders who are involved in all of these interactions and artificial stimulants to the markets and piecing together this transitionary time in history where we will look back and say, ‘That is when everything…You can continue listening to this powerful audio interview with Nomi Prins, where she discusses the coming financial destruction that is in front of us, what is going to put an end to the manipulation of major markets, including gold and silver, what investors can do to protect themselves and much more, by CLICKING HERE.

World Bank Urges Developing Countries to Brace for Long Term Volatility

The World Bank is urging developing countries to brace for the possibility of more economic turmoil in Europe. In its Global Economic Prospects Report, the bank advises emerging market economies to strengthen fiscal positions and develop medium-term strategies to protect their economies.

Emerging market economies may have weathered the 2008 financial crisis better than more advanced countries, but the World Bank warns -- it could happen again.

Senior bank economist Andrew Burns says anything is possible right now in Europe.

"Although we don't see it as a baseline scenario, it certainly is possible that the situation in high-income Europe deteriorates significantly. And if it did, that would have very serious impacts for developing countries," Burns said.

With borrowing costs still rising in Spain and Italy, and an upcoming Greek referendum that could forever alter the Eurozone -- Burns predicts a bumpy ride.

But even with the most recent bailout in Spain - economist Peter Morici says the problems facing Greece and Spain are very different.

"Spain's problem is one of a banking crisis. Greece's problem is one of a government crisis," Morici said.

Either way, Morici says the crisis has the potential to plunge the world into another recession, reducing global trade and exports dramatically.

The World Bank says developing nations need to focus on enhancing domestic productivity and boosting infrastructure development -- while reducing debt.

"What we suggest is that countries take the time now to try and replenish some of those cushions, some of those buffers they used in 2008 - 2009 so successfully to recover from that crisis. Try and rebuild those now by bringing policy to a more neutral stance, reducing fiscal deficits so that they have the ammunition to respond if a crisis, a second crisis, announces itself," Burns said.

Despite an over-abundance of caution, Burns is optimistic about a full-fledged global recovery - one led by emerging economies in Central Asia, the Middle East and Sub-Saharan Africa.

Market rumor: Pimco and JP Morgan halt vacations to prepare for economic crash

By Kenneth Schortgen Jr

On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major 'Lehman type' economic crash projected for the coming months.  These rumors came on a day when the markets nearly came to capitulation, with the DOW falling more than 274 points, and gold soaring over $63 as traders across the board fled stocks and moved into safer investments.

Todd Harrison is the CEO of the award winning internet media company Minyanville, while Todd Shoenberger is a managing principal at the Blackbay Group, and an adjunct professor of Finance at Cecil College.

Pimco and JP Morgan Chase are not the only financial institutions worried about a potential repeat of the 2008 credit crisis.  On May 31, one day before Pinco rumors began to spread around the markets, World Bank President Robert Zoellick issued the same warnings of a potential 'rerun of the great panic of 2008'.

The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.

On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.

Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain. - The Daily Mail
 Market indicators over the past two months in Europe have been signalling an economic slowdown, with the potential for total economic collpase increasing over the past few weeks.  The US markets have dropped more than 1000 points since their highs in March, and on Friday, all gains for the year were completely wiped out after the shocking jobs report was issued.

Additionally, a new study from a former hedge fund manager on May 31st outlined that for the first time in the economic cycle, economies did not recover all their losses from prior recessions before going into a new one.  The conclusions point to the need for a complete reset of the financial systems, as capitalism and central bank intervention (money printing) no longer have any real effect on economic growth.

When one company decides to cancel vacations, or impose additional workloads on their employees due to projected events, it is not considered relative news.  However, when several institutions, analysts, and even the head of the World Bank acknowledge a coming crisis, then everyone needs to come to the realization that something big is on the horizon that will have an effect on both Wall Street and Main Street.  The rumors out on June 1 regarding Pimco and JP Morgan should be a wake up call to all investors that Friday's market drops across the board are just the beginning of what could be a repeat of 2008, only much worse this time around.