The Next Round of the Great Crisis is at Our Doorstep!

• The Next Round of the Great Crisis is at Our Doorstep!
  by Tyler Durden, www.zerohedge.com 
  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.
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  After all… we know that…
  1)   Stocks are expensive by just about every conceivable metric.
  2)   Global GDP growth is overstated dramatically with China at most growing 3.5% per year, the US in recession, and Europe in a full-scale DE-pression.
  3)   QE is completely useless at generating growth with Japan in a triple dip recession after launching a QE program equal to 25% of its GDP and the US in recession despite having spent over $3 trillion.
  4)   Central Bankers don’t care in the slightest about how their policies affect the rest of us.
  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.
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  And finally..
  7)   None of initial problems which lead to the 2008 crisis (excessive leverage, rampant fraud, etc.) have been addressed.
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  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.
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  read more!

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