World Blog by humble servant. Johnnie Ellington II November 28, 2013 at 12:12 PM · The reality is that the banksters are the ones to which all the QE induced liquidity has flowed.

Johnnie Ellington II
November 28, 2013 at 12:12 PM ·
The reality is that the banksters are the ones to which all the QE induced liquidity has flowed. The velocity of money has not increased which demonstrates the lie in the contention that the US economy has turned the corner. Any recovery is a false one and that is why all of this taper talk is just that, talk only with no basis in fact. The derivatives time bomb is ticking away in the background with most commentators being either ignorant of its existence or actively spinning news and statistics to cover up the truth of the matter. The IMF has openly canvassed the possibility of imposing a 17% wealth tax, the nationalisation of retirement funds and ‘bail ins’ of banks all of which are being developed to provide a ‘bail out’ mechanism for the derivatives mess the banksters have created. The “Great Levelling’ will be a massive transfer of wealth from the ordinary person in the street to the banksters and that is why I have implore people to take action to protect themselves now while they still can do so. The reality is that gold is the only answer. Ownership of hard assets, with gold being the most liquid of those assets, is the key to survival during the “Great Levelling”. We must own gold in allocated storage outside of the Western financial system which effectively turns us into our own central bank