The Global Liquidity Trap: Mark Carney and the Endgame of Monetary Expansion

We are witnessing the final chapter of an era defined by limitless money creation-and the consequences can no longer be postponed.

In The Global Liquidity Trap, James A. Powell delivers a sharp and unsettling analysis of the world's descent into permanent monetary distortion. At the center of this unraveling is Mark Carney, the soft-spoken architect of a global financial doctrine that replaced sound economics with endless stimulus. Through central banks, supranational institutions, and climate finance frameworks, Carney and his peers have designed a system that creates liquidity without wealth, and growth without substance.

This book exposes:

How central banks became unelected superpowers, distorting risk, time, and value

The mechanics of the liquidity trap-and why we're already inside it

Why monetary policy can no longer generate real growth or price stability

How ESG, digital currencies, and climate finance extend the same failed monetary logic

The endgame: asset bubbles, currency wars, and the slow collapse of fiat credibility

The Global Liquidity Trap is a must-read for anyone trying to understand the silent crisis playing out beneath the surface of the global economy. In the age of permanent stimulus, inflation targeting has given way to behavioral conditioning-and there's no easy way out.

Prepare for the unraveling.