Unprecedented Interventions Will Lead To Chaos & Destruction

"Today Michael Pento writes exclusively for King World News to put readers ahead of the curve on what is happening with central planners. Pento warned, “These new central bank interventions are unprecedented and ... This is the primary reason behind the recent breakout in precious metals.” Pento also cautioned that all central banks have ever done is, “... wipe out currencies and the middle class.”

Here is Pento’s piece: “Anemic economic data in the U.S., Europe and in emerging markets has virtually guaranteed that the Fed will launch QE III on September 13th. Two perfect examples of America’s structurally-weak economy could be found last week in the Institute for Supply Management Manufacturing Survey and the Non-Farm Payroll report for August.”

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/9_Unprecedented_Interventions_Will_Lead_To_Chaos_%26_Destruction.html