100% right . The only Central Banker to openly say it so far.
Our Children will be studying Sovereign Debt Crisis 2015-2017/20.
Nobody in the west listened to Rajan in 2005, nobody will listen to him today.
He worked at IMF as chief economist(2003-2007) and found out what is really is{den of sophisticated manipulating thieves} during his research work.
He then wrote a paper 2005
Has Financial Development Made the World Riskier?
which pissed off the Central Bankers who are/were casino gambling with the global economy.
Frustrated and scared he returned home in 2013 to take up a job in his home country of RBI chief.
Lets hope he knows the timing as well.
The deeds of the likes of
Rubin, Greenspan Summers, Helicopter Ben will be out in the open in the next couple of years.
Janet Yellen is when the petro dollar music stops playing.
Current ECB head Mario Dragi is another Ex-Goldman Sachs scoundrel along with ex-Secretary of the Treasury Hank Paulson.
Marc Faber endorses Rajan.
One of the few other economists who really knows economics
Western Governments know about it and hence are training for different purposes.
see below.
US soldiers in fire phobia training at Joint Multinational Readiness Center, Germany pic.twitter.com/hVrQgVLNGG
— US Mission to NATO (@USNATO) June 26, 2015
Instability, loss of confidence. protests, strikes, wars and revolutions ahead.
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