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


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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    50-Year Veteran Warns A Great Financial Holocaust Is Coming

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    50-Year Veteran Warns A Great Financial Holocaust Is Coming Empty 50-Year Veteran Warns A Great Financial Holocaust Is Coming

    Post by Lobo Sat Apr 02, 2016 11:57 pm

    50-Year Veteran Warns A Great Financial Holocaust Is Coming
    April 02, 2016
    50-Year Veteran Warns A Great Financial Holocaust Is Coming King-World-News-Powers-That-Be-Have-Frozen-Money-For-Swiss-Gold-Initiative-864x400_c
    [b][size=18][b][size=18]Today a 50-year market veteran told King World News that a “Great Financial Holocaust” is coming.[/b][/size][/b][/size]
    John Embry:  “Eric, as far as I can determine, the economic outlook is deteriorating virtually everywhere as it appears the severely over-levered global financial system can no longer support any sustainable growth…
    Continue reading the John Embry interview below…


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    John Embry continues:  “This is certainly being confirmed by the alarming decline in world trade.  Now, despite the odd positive economic statistic emanating from the U.S. government, which often gets revised down considerably not long after and when it gets considerably less publicity, the U.S. economy is in big trouble.
    50-Year Veteran Warns A Great Financial Holocaust Is Coming KWN-Pento-2142015Massive Unemployment In The U.S.
    An interesting statistic that refutes the consistent bullish rhetoric on the employment scene is the fact that nearly 25% of U.S. citizens in their prime working years do not currently have a job.  This makes the official unemployment rate published by the U.S. government look preposterous.

    When you look around at the rest of the world there is little reason for optimism.  As the debt-logged Chinese is clearly weakening at an alarming rate, Europe is dead in the water, South America is an unfolding tragedy, and most other commodity producing regions are softening as well.  Thus, I don’t think that most investors fully appreciate the risk they are taking by holding a conventional portfolio of stocks, bonds, and real estate, which are all in massive bubbles.
    Meanwhile, a noted economist in the U.S. continues to spout the nonsense that greater money printing and debt creation is the road to economic recovery.  These policies are simply leading to even greater economic disparity.  He also recently attacked a presidential candidate for suggesting a return to the gold standard.  In any case, I suspect that when our pure fiat money monetary system breaks down, the next system will require some sort of backing to restore confidence. 
    On the gold scene the price has been under pressure this week as the usual suspects once again fleece unsuspecting traders, but this should pass quickly.  A more interesting development is the opening of the Shanghai Gold Exchange in mid-April, where the price will be settled in yuan and physical delivery will be involved.  
    50-Year Veteran Warns A Great Financial Holocaust Is Coming King-World-News-Powers-That-Be-Have-Frozen-Money-For-Swiss-Gold-InitiativeThe Great Financial Holocaust Is Coming
    This will ultimately lead to true discovery for the price of gold as the Western central bank Ponzi scheme eventually comes crashing down.  Most of the world will be living in terror as that unfolds, but not those holding physical gold and silver as they will be the survivors of the coming Great Financial Holocaust.”

    http://kingworldnews.com/50-year-veteran-warns-a-great-financial-holocaust-is-coming/

      Current date/time is Tue Nov 05, 2024 6:30 am