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A Global Crisis Is Now Close At Hand – Gold & Silver Bull Market Will Crush What Was Seen In The 197

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A Global Crisis Is Now Close At Hand – Gold & Silver Bull Market Will Crush What Was Seen In The 197

Post by Lobo on Tue 06 Sep 2016, 4:18 pm

A Global Crisis Is Now Close At Hand – Gold & Silver Bull Market Will Crush What Was Seen In The 1970s
September 06, 2016

On the heels of gold surging $23 to $1,350 and silver soaring 3 percent, putting the price of silver above $20, today John Embry told King World News that this gold and silver bull market will crush what was seen in the 1970s.  He also discussed the “Deep State” running into resistance and ever-deteriorating conditions globally.
John Embry:  “Eric, I think we are headed into a very interesting fall and I don’t mean that in a positive sense from an economic and financial perspective.  There is very little sign of any economic vitality in the global economy, and if you believe in the tenants of the Austrian School of economics, it is very easy to understand why…
Continue reading the John Embry interview below…


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John Embry continues:  “There is infinitely too much debt and leverage in the entire system, and that precludes any sustainable growth at this stage.  That doesn’t deter the Keynesians from their hollow rhetoric but they are wrong, and I suspect the world is on the cusp of discovering that for a fact. 
Ever-Deteriorating And Desperate Conditions Globally
Until the debt issues are addressed, and I believe that will take an awfully long time and will involve a radical change in the global currency system and a probable reset of the global banking system, the world will continue to wallow through stagnation and ever-deteriorating and desperate conditions.

I want to add that I thought Egon von Greyerz did a masterful job in his KWN interview that was released over the weekend.  He covered the hopelessness of the U.S. debt situation and the inevitable onset of hyperinflation.  
I am also struck by the increasing lack of decorum in the geopolitical field.  When was the last time that the head of a nation, which is a U.S. ally, called the president of the United States a ‘SOB?’  I think this is part and parcel of the growing problems financially, politically, and socially, throughout the world.
Fed Propaganda, Goldman Sachs & Gartman
I also continue to be amused by the ongoing propaganda about a potential rate hike in the United States.  The only justification for this, in my mind, would be to support the U.S. dollar, which I believe remains very vulnerable.

Now, I must admit that I laughed out loud when I saw Goldman Sachs’ prediction that a rate hike for September had improved markedly, only to be followed by Dennis Gartman stating that a September rate hike is all but impossible.  Given that both of these sources tend to be wrong much more often than they are right, it is hard to know what to believe.  However, logic says that a rate hike in a weakening economy before an election seems highly unlikely.
The ‘Deep State’ Is Running Into Resistance
But there was a bit of good news and that concerns the Trans-Pacific Trade Agreement, which appears to be so aggressively promoted by the United States, there appears to be more and more opposition — some of it from former supporters and allies.  This, in my mind, is a very bad piece of legislation, which is just a corporate ‘Deep State’ initiative that most certainly does not help the average individual.  So I applaud those who are opposing it. 

And if we look at the action in the gold and silver markets, both metals are bouncing back strongly after the option expiry last week.  I think this is a precursor to what will be a very good fall in gold, silver, and their respective shares…


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The bottom line is the next global crisis is now closed at hand and that will only accelerate the fortunes that will be made in this secular bull market in gold, silver, and the shares.

And even though what investors across the globe have seen year-to-date in this sector has shocked them, they haven’t seen anything yet.  Before this is gold and silver bull market is over, it will crush what was seen in the 1970s.”
http://kingworldnews.com/a-global-crisis-is-now-close-at-hand/

    Current date/time is Wed 07 Dec 2016, 2:30 am