Prepare for "Monster" Money Printing

A very old and respected bank, Royal Bank of Scotland (RBS) is telling it's clients to prepare for some "monster money printing" by the U.S. Federal Reserve.

Remember that dollars are, in reality, only pieces of paper backed solely by the confidence in the Government issuing it. Also understand that if they print twice as much money today...it punishes savers because it can make the money they have already put into savings worth half as much.

Entitled "Deflation: Making Sure It Doesn’t Happen Here", it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy. (Hey...that sounds exactly like the USA!)

The speech is best known for its irreverent one-liner: "The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost."

Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on "monster" quantitative easing (QE)". (Remember QE is bank-speak for "printing money")

"We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable," he said in a note to investors.

See it here; http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html

Wow!...that sounds like he's kinda serious about the global banking system being on the edge of a cliff.

It sure seems that mankind has about exhausted his capabilities to run things on planet earth. If mankind would repent and turn to their Creator....the coming wrath of God may be restrained. Sadly, we are about 99% sure that this scenario is not going to happen....because the Bible doesn't mention any period of time when most of mankind turns to God.

It is only when Christ returns with his heavenly armies that mankind will finally realize how ignorant, arrogant, selfish and proud we have been....and those left behind will weep when they recognize the one, true Messiah....and He will not be the suffering servant that he fulfilled during His first advent...but instead will be the wrath of God.

Hat tip to Mike S. for the article.