Mish's Global Economic Trend Analysis: Former Bundesbank Vice-President Recommends Gold, Says Current Economic System is "Pure Fiction": "Stark noted that central banks, including the ECB, "have completely lost all ability to control and perspective on the economic situation." The monetary system was saved in 2011 through concerted action by major central banks worldwide. But, according to Stark, the whole system is "pure fiction". The monetary authorities have been groping since 2008 to avoid a second Lehman Brothers, but if happen, "the system will not survive," he warned.... (read more at link above)
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