Central Banks Pushing Toward Even Bigger Meltdown

Gathering Storm: Govt’s, Central Banks Pushing Toward Even Bigger Meltdown

By Rocky Vega

10/19/10 Stockholm, Sweden – A group of 18 investment experts and fund managers have joined together to publish a new book called, “The Gathering Storm,” in an attempt to sound an urgent alarm about how the global economy may be spiraling toward a “doomsday” that’s far worse than anything that’s been witnessed during the past three years.

Patrick Young, editor of The Gathering Storm, suggests, “When you’ve drunk three bottles of vodka, then you may well think that you’re capable of putting the world to right. But, at the same point in time you know you’re going to wake up in the morning with a hangover.”

The report goes on to explain that neither Europe nor the US are right with their monetary and fiscal policy prescriptions, because debt will have to be repaid and restructuring must begin. See the clip below from RussiaToday (RT) for more details on doomsday denial.

Rocky Vega

Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.