Recently Business Insider reported that a financial crisis could emerge from coronavirus's lingering fallout1 citing recent remarks made by World Bank chief economist Carla Reinhardt to Bloomberg TV. This is a perfect example of an understatement wrapped in a lie.
In a previous speech, the World Bank's Carla Reinhardt noted that the US Federal Reserve created $3.4 trillion out of thin air while it took 40 years to create $14 trillion, indicating a disturbing acceleration of hyperinflationary money printing. Yet despite these alarm bells, panicking economists are screaming in tandem that transatlantic banks must unleash ever more hyperinflationary quantitative easing which threatens to turn our money into toilet paper while at the same time acquiescing to infinite lockdowns in response to a disease which has the fatality levels of a common flu.
This story is from the April - May 2021 edition of Nexus.
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This story is from the April - May 2021 edition of Nexus.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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