The Next Round of the Great Crisis is at Our Doorstep

The next round of the financial crisis is at our doorstep.

Central Bankers bet the financial system that their academic theories would work, despite the countless real-world examples showing that printing money does not generate growth.

After all… we know that…

5)   Even investing legends who have made their billions off of stocks admit the market is a complete farce and that a Crash is coming.

6)   Billionaires moving their money out of stocks and into ANYTHING else at a record pace.

And finally..

7)   None of initial problems which lead to the 2008 crisis (excessive leverage, rampant fraud, etc.) have been addressed.

Let’s face the facts. The very same problems that lead to 2008 remain in place today. The people who created this mess have gone unpunished. No one went to jail. No rule of law was upheld. Instead trillions of US taxpayer dollars were funneled to a bunch of crooks and liars.

At the end of the day, the Fed with its misguided theories have demolished capitalism: the single most powerful form of wealth generation in the history of mankind. All the Fed has really accomplished is leverage the entire financial by an even greater amount… which has set the stage for a collapse that will make 2008 look like a picnic.

Full article: The Next Round of the Great Crisis is at Our Doorstep (Zero Hedge)

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