Central bankers will destroy the 'enfeebled' global economy and plunge the world into chaos

Central bankers are going to destroy the “enfeebled” global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they come. So far this year he has predicted that the US stock market will fall by 75%, argued that we might be heading for another massive global recession, said China will be forced to float the renminbi, and predicted a “tidal wave” of corporate defaults in the US.

As the voice of the market bears — people who think imbalances in the financial system will lead to a collapse — Edwards’ latest apocalyptic prediction focuses on the role of central bankers in what he sees as an inevitable economic collapse. FULL REPORT