© Joshua Roberts/ReutersGerman Finance Minister Schaeuble
There is a risk of "new bubbles" emerging as central banks across the world are pumping trillions of dollars into the markets, according to Schaeuble, who will become speaker of the Bundestag in Germany's new government. The respected economist highlighted concerns over the potential threat to stability in the euro zone amid the lenders' attempts to fight the post-crisis legacy of non-performing loans.
Schaeuble has been holding the post of finance minister since 2009 and is considered to be the most pro-European politician in the German government. The politician has been strongly advocating fiscal rectitude, being a key influence to the continent's policy response to the euro zone debt crisis. Schaeuble has been heavily criticized in Greece for pushing the country to more austerity reforms.
The minister's comments come ahead of his last meeting of the Eurogroup finance ministers in Luxembourg on Monday.
The crisis of 2008 seemed to be wanting a trigger for global economic meltdown! Now we do have a climate catastrophe in the making; is it possible this is the 'trigger' that was wanting in 2008?
For a quarter of a century the corps have been shedding jobs and buying and selling themselves to gain fed and state tax advantages. The corps have quietly been buying their stock and removing themselves from public stock offerings. A global economic melt down would see people jobless due to robotization. Local banks no longer finance local homes which means impersonal big lenders would immediately confiscate homes that have any amount of mortgage due after forcing a refi at 100% of course to make the debt unmanageable.
This would seem to be the time when a global bankruptcy and creation of a new money supply would benefit the elite the most.
Planed collapse sounds right!!