Bernanke Just Admitted He's Lost Control of the Markets

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).

 

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Good Investing!

 

Graham Summers

 

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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.

 

 

 

 

 

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