The US Federal Reserve , European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and Swiss National Bank join hands – can they halt mother of all bear markets?
Bernie Snyder
Sep. 18, 2008

This time may not be the same. The Central banks all around the free world soon will find their days of reckless printing currency is coming to an end. The world economy is not reacting to the stimulus of the Central Banks.

The world’s main central banks on Thursday unveiled an emergency $180bn injection of dollar liquidity in the latest attempt to halt the escalating global financial market crisis.

The problem this time is very differnt these Central Banks have seen in the last 100 years. The failure is in lack of regulation and corresponding creation of financial engineering instruments that lacked common sense. the failure is not cyclical but secular. The economic downturn is beyond the reach of these Central Banks.

In the next five yeras, nations will realize how worthless these Central banks are. They cannot stop the avalaunch of the mother of all bear markets.

The US Federal Reserve , European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and Swiss National Bank join hands – can they halt mother of all bear markets?
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