Bernanke Just Admitted He's Lost Control of the Markets

Phoenix Capital Research's picture

For weeks
now I’ve been warning that absent the hint of additional liquidity at the June
FOMC meeting, the markets would tank.

 

And tank
they have… almost to the minute that the Fed FOMC ended.

 

 

The number
of problems facing the financial markets today is absolutely enormous. China
has begun an interbank liquidity Crisis. Europe’s banking system continues to
collapse. Heck even Trichet now admits that risk is on “red” for the Eurozone
(remember how everything was “fine” for the last year?).

 

The Middle
East continues to go up in flames… literally. Greece is seeing full-scale riots
(coming to a country near you in the next 12 months). Inflation is erupting in
China. And on and on.

 

And at the
head of all of this, the US Federal Reserve, run by Time’s “Man of the Year”
Ben Bernanke, admitted openly they don’t have a CLUE why the economy is not
picking up.

 

Folks, this
is the same guy who was MONTHS BEHIND on calling the US recession, the
Financial Crisis of 2008, and every other problem facing the US. So if he’s
admitting he doesn’t know what’s going on now… after spending TRILLIONS of
Dollars… then you better BELIEVE things are going to be getting ugly.

 

I’ve long
said that the next Crisis will make 2008 look like a picnic. The reason is
quite simple: the next Crisis will be a Crisis of Faith pertaining to the US
Federal Reserve.

 

For 80+
years, the US financial system has operated under the belief that the Federal
Reserve could handle any problem. This belief was put to the ultimate test in
2008 when the Fed faced off against the biggest Financial Crisis of the last 80
years. And the ONLY thing that kept us from the brink was the belief the Fed
could fix things.

 

It couldn’t.
And we’re all beginning to see that now.

 

So when the
next Crisis hits it will become clear the Fed CANNOT fix these issues (it never
could but most people hoped regardless). And that’s when the real collapse will
begin.

 

It’s coming.
The fact Bernanke has admitted publicly that he’s clueless what’s going on is a
MAJOR step towards the world realizing that he’s lost control.

 

If you’ve
not taken steps to prepare for the coming Crisis, you can download my FREE
report devoted to showing in painstaking detail how to protect yourself and
your portfolio from the coming ROUND TWO of the Financial Crisis (round one
wiped out $11 TRILLION in wealth).

 

I call it The
Financial Crisis “Round Two” Survival Kit
.
And its 17 pages contain a
wealth of information about portfolio protection, which investments to own,
which to avoid, and how to take out Catastrophe Insurance on the stock market
(this “insurance” paid out triple digit gains in the Autumn of 2008).

 

Again, this
is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.

 

Good
Investing!

 

Graham
Summers

 

PS. We also
offer a FREE Special Report on the inflation situation in the US. This other
FREE Special Report, The Inflationary
Disaster
explains not only why inflation is here now, why the Fed is
powerless to stop it, and three investments that absolutely EXPLODE as a result
of this.

 

All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.

 

To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.