Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this month

Ad Space M-4

World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap



Posts : 16500
Thanked : 805
Join date : 2013-01-12

World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap

Post by Lobo on Sun 04 Oct 2015, 8:29 pm

World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap

Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events warned King World News that the world financial system is now at maximum risk of collapse as it faces a catastrophic debt trap.  He also discussed the staggering amount of gold buying from China, Russia, India and Turkey.

“Ever wonder why fund managers can’t beat the S&P 500? Because they’re sheep,
and sheep get slaughtered.” — Gordon Gekko (Wall Street)
Egon von Greyerz:  “Eric, the situation in the world could not be more precarious. Governments of every major economy are desperately considering how to save themselves from a disastrous debt implosion leading to massive sovereign defaults. 
They have erroneously thought that all the credit creation and money printing since 2008 would have saved them and created inflation. But no, the deflationary pressures have continued everywhere. And both Germany and Japan have just confirmed how this deflationary pressure is continuing to destroy their chances of survival…

In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.

Egon von Greyerz continues:  “The money printing of these two countries is not having any effect. That makes more money printing a certainty. The European Union’s current package of 1 trillion euros will be nowhere near sufficient to save Europe. And when I say, ‘save,’ no one should be under the illusion that printing money can save any country.

World Caught In A Catastrophic Debt Trap
The world is in a catastrophic debt trap. Twenty-five years ago it might have been possible to take very tough measures to stop the world from drowning in its own debt. But no government or central bank was brave to make this decision. Having spoiled the people with debt-created affluence and socialism, voters would not accept austerity. So instead the world embarked on a credit-creation bonanza led by “the master,” Alan Greenspan. Thus global debt went from $25 trillion in 1990 to $225 trillion today.
Even though there was a hiccup in markets around the year 2000, the perceived prosperity in the world continued unabated until 2008.  This was the first time that the world realized that the emperor might be naked. But to save the world, another $80 trillion have been added to global debt.

Remarkable $220 Trillion Of Debt
So here we are in 2015 with $220 trillion of debt that can never be repaid. But the world cannot continue to live with these debts, even with interest rates at zero or negative in some countries.  Governments believe that they have abolished the laws of nature by manipulating interest rates.
But like all manipulations, this one will fail too. China and Russia are selling their U.S. Treasuries. And when investors realize that they are holding worthless pieces of paper, there will be a stampede of selling of government bonds worldwide. I would expect this to start in 2016 at the latest.
This will drive interest rates to at least the levels seen in the early 1980s of nearly 20 percent and possibly a lot higher. Of course this will lead to most debt becoming worthless. Money printing will then be in the hundreds of trillions and probably in the quadrillions as the derivatives bubble implodes.
Eric, in addition to the massive global debt crisis, the geopolitical situation is deteriorating fast and is another major risk factor.  
What is fascinating is that virtually nobody in the West realizes what is happening. Investors are piling into the stock market on every dip and very few people in the West buy gold. But in the East, both governments and individuals can clearly see the problem the world is facing. This is why they are buying ever-larger quantities of gold.
I’ve included a chart of the demand for gold in China, India, Russia, and Turkey (see chart below).

China, India, Russia & Turkey Buy A Staggering 18,000 Tonnes Of Gold 
Eric, between 2008 and July 2015 these countries have bought a staggering 18,000 tonnes of gold. This is absolutely remarkable.  Just in the first seven months of 2015 they have bought 2,100 tonnes. By early October they will be near 3,000 tonnes. Remember that annual gold mine production is around 2,600 tonnes. So these countries are continuously depleting gold stocks in the West.
It’s quite clear that Western central banks have a lot less gold than they officially declare. It’s also clear that a lot of gold bought by the East is coming out of the bullion banks. We also know that Comex stocks are very low.

“Bud… Bud I like you. Just remember something. Man looks in the abyss,
there’s nothing staring back at him. At that moment man finds his character.
And that is what keeps him out of the abyss.” — Lou Mannheim (Wall Street)
World Financial System Now At Maximum Risk Of Collapse
Eric, the world is now at maximum risk economically, financially, and geopolitically. Something is likely to erupt this autumn.  Wealth preservation in the form of physical gold can still be acquired at extremely low prices. But the window for buying is getting smaller.  
There are likely to major shortages in coming months. We have already seen premiums on silver coins of up to 25 percent. We could easily have a similar situation in the gold market when paper gold holders start to panic.”

Insane Investor
Insane Investor

Posts : 889
Thanked : 156
Join date : 2012-12-20
Age : 48
Location : Grapevine Texas

Re: World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap

Post by CITEX on Sun 04 Oct 2015, 8:50 pm

 He also discussed the staggering amount of gold buying from China, Russia, India and Turkey.

Where are they buying it from? Someone must be selling

    Current date/time is Sat 22 Oct 2016, 12:22 am