Global Central Banks Are Facing a Crisis Larger Than 2008… And With Little to No Fire Power Left!

• This coming global economic, financial and currency collapse is a deliberately engineered event. By making national and regional central banks look weak, inept and incapable of solving the crisis, the Satanic cabal will recommend/institute a Global Supra-National Central Bank on the path to ‘666’. All national/regional central banks will largely be obsolete or subservient to this Global Supra-National Central Bank under the Anti-Christ World Government.
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• Global Central Banks Are Facing a Crisis Larger Than 2008… And With Little to No Fire Power Left!
  by Tyler Durden, www.zerohedge.com  
  There is talk of another 2008 hitting the markets. However, what’s coming will not be another 2008. It will be worse than 2008. There are several reasons for this.
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  Firstly, today, there is over $20 trillion more debt in the financial system than there was in 2008. If 2008 was a debt bubble that needed to burst; today the bubble is even larger.
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  Secondly, Central Bankers have already employed both ZIRP and NIRP for years. In 2008, we had only just begun to experience ZIRP in the West and NIRP was still considered a “nuclear option” that bordered on insanity. Today both ZIRP and NIRP are commonplace. Indeed, the EU has cut rates into NIRP three times in the last 18 months. The world has watched as these actions have barely resulted in an uptick in the EU’s inflation.
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  Central Bankers have also employed Quantitative Easing, another “nuclear option” that had yet to be unleashed back in 2008 (the Fed launched the first QE program in December 2008).
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  To date, global Central Banks have printed over $14 trillion in new money to buy bonds via QE. Even banking systems in which the legality of QE was questionable, such as the EU, have launched QE programs that are €1 trillion or larger.
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  These programs have been massive in scope. In Japan, a single QE program equal to 25% of GDP was launched in April 2013. Japanese GDP growth barely moved higher before once again rolling over.  Even an expansion of this already incredible monetary policy in October 2014 failed to ignite significant growth for Japan’s economy.
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