Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

by John Ficenec | The Telegraph UK  |  published on August 18, 2015

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.

The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.

  • Poptoy1949

    Obama is Pushing for this Crash. Hard to believe he was re-elected much less elected the first time…….no one in the history of America has done more harm to America than Obama. May he ROT in Hell.

    • William Daniel

      he’s already rotting on earth, only time will show his depth of depravity

      • Poptoy1949

        Sir, You make a very good point. I Thank You for that reply.

  • pilgrimson

    Start loading up on pre – 1964 American silver coins or silver bullion while you still can!

    • john

      Better start stashing back some food too,as when the banks go down it equals= no money, no food,no gas. Lots of pandemodium.

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