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IPFS News Link • Economy - International

MAJOR Central Banker Makes Disturbing 1920s Comparisons

02-01-2011 • Sovereign Man

In a shocking case of government transparency, a major central banker has given us a stern warning, comparing the drop in real wages and living standards to 1920s levels. As Simon Black, a.k.a. Sovereign Man, extrapolates: "To summarize, one of the world’s leading central bankers has looked his country in the eye and admitted that he is completely powerless to prevent the inevitable decline in living standards that will result from years of reckless behavior..." He continues: "England is finally on its last leg. Fiscally, the country is in a similar situation as the US and Europe– in debt up to its eyeballs, hemorrhaging cash, and quickly losing the confidence of the international community."

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Reported By Sovereign Man

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