Investment guru Grant Williams analyses the unorthodox post-crisis interventions by the world's central banks and suggests ways for companies and investors to deal with the resulting unprecedented risks.
The Bank of Japan has just joined the US Federal Reserve, European Central Bank and Bank of England in effectively printing money to restart their crisis-hit economies. Williams says the massive monetary flooding is unsustainable and will need to stop at some point.
When that happens, the withdrawal will bring inevitable distress. Investors and companies should prepare now by focusing on hard assets such as agricultural land, water resources, gold and other commodities.