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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


    We Are Now Only Months Away From The Worst Global Crisis In History

    Lobo
    Lobo
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    Join date : 2013-01-12

    We Are Now Only Months Away From The Worst Global Crisis In History Empty We Are Now Only Months Away From The Worst Global Crisis In History

    Post by Lobo Sun 14 Aug 2016, 5:10 pm

    We Are Now Only Months Away From The Worst Global Crisis In History
    August 14, 2016
    We Are Now Only Months Away From The Worst Global Crisis In History KWN-Greyerz-I-8142016-864x400_c
    With continued uncertainty in global markets, 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 we are now only months away from the worst global crisis in history.
    The Seeds Of The Worst Global Crisis In History
    (King World News)
     Egon von Greyerz:  
    “The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in “a final and total catastrophe of the currency system” as von Mises succinctly articulated…
    Continue reading the Egon von Greyerz interview below…



    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.
    We Are Now Only Months Away From The Worst Global Crisis In History GoldSwitzerland-New-Ad-PicSponsored


    Egon von Greyerz continues:  “It all started in 1910 when a few senators and bankers, led by JP Morgan, secretly met on Jekyll Island with the purpose to set up the Federal Reserve to control the banking system.
    We Are Now Only Months Away From The Worst Global Crisis In History KWN-Greyerz-I-1292015The Creation Of A Monster That Only Benefits The Elite
    Thus, the Fed was a creation by private bankers and for the benefit of these bankers. Few of them could have imagined the enormous success of their venture as the control of the financial system led to vast fortunes for a very small elite. The back side of these fortunes is global debt of $230 trillion plus unfunded liabilities and derivatives. The true total, which is in the quadrillions, is what the poor masses in the world are liable for — not that they will ever be able to repay it, but the implosion of these debts 
    will lead to misery for the majority of people for generations to come. 
    Sadly, things have now gone too far to stop the inevitable currency collapse and implosion of the financial system. But that doesn’t mean it is too late for individuals to protect themselves. As we enter this final phase, there will be panic in financial markets with governments and central banks taking draconian measures.
    We Are Now Only Months Away From The Worst Global Crisis In History King-World-News-Its-All-Coming-To-A-Disastrous-End-And-The-World-Faces-A-Very-Dark-FutureBrace Yourself For The Coming Global Storm
    Below are some of the potential risks that all investors must protect themselves against today:
    * Currency collapse – leading to destruction of capital
    * Capital controls – making it impossible to take money out of bank or country
    * Bail-ins – the bank will steal your money in order to try to save itself
    * Forced investments – compulsory purchase of treasuries with your bank or pension assets
    *  Custodial risk – stocks and bonds will be hypothecated by the bank, leaving you nothing
    *  Bank failures – all your investments will disappear as the bank becomes insolvent
    The above list in not exhaustive but it contains the most likely events that will take place in the next few years. Most private investors don’t see these risks and have zero protection against them. And professional money managers don’t have a clue about real risk, nor do they see any need for protection or insurance. When you manage OPM (Other People’s Money), you take maximum risk in order to benefit from the upside. The downside is not your risk and thus it is ignored. This strategy works extremely well until the music stops. But as long as money printing and credit creation inflates markets, these professionals will never spend a second worrying about the total destruction of clients’ money. 
    So how likely are the above risks and how do you protect against them? Anyone who has followed some of my work will know that I consider all the above risks as guaranteed to materialise. 
    Currency collapse is already happening with all currencies down 97-99% in the last 100 years. The final 1-3% will happen in the next few years as governments print unlimited amounts of money. But remember that the last 1-3% fall is 100% from here and thus a total destruction of money. So whatever cash you have will be totally worthless in the coming hyperinflationary phase. 
    We Are Now Only Months Away From The Worst Global Crisis In History KWN-Greyerz-I-8142016Capital Controls & Devastating Bank Bail-Ins
    Capital controls are likely to start within 12-18 months in many countries, including the United States. As deficits increase and currencies fall, governments will stop anyone from taking money out of the bank as well 
    as out of the country. This is just the next step in the total control money. Lately we have seen FATCA (Foreign Account Tax Compliance), cash bans, and the OECD AEOI (Automatic Exchange of bank Information). Capital controls will be the next logical step in an attempt to virtually confiscate money. Governments on the road to bankruptcy will take any desperate measure to control the people and their money. 
    Bail-ins are guaranteed and already in the legislation of most Western Countries. The average person has no idea what bail-in is nor its consequences. It means that for insolvent banks, which will be the case with most banks, governments will not bail them out but. Instead, depositors’ money and assets will be used to cover the banks’ losses. Since banks are leveraged 10-50 times, all the money belonging to the bank customers will be gone. At that point, after the bail-in, governments will need to step in with bail-outs. But any government intervention will be futile since they will just create more debt to solve a debt problem.
    Forced investment in treasuries will happen as governments issue an ever increasing amount of debt. At that point, the government will be the only buyer as we are seeing currently in Japan. Therefore, governments will force people to put their bank assets into treasuries to shore up the country’s finances. But it will be too late and all the money going into government bonds will be totally worthless as these bonds go to zero. 
    Expect Massive Bank Failures And Asset Seizures
    Custodial risk means that it is not just clients’ cash which is at risk. Any asset deposited in a bank carries the same risk as cash. In theory, stocks, bonds or physical gold, should not be in the balance sheet of the bank and therefore not be part of a bankruptcy. Firstly, it could take years for the receiver to sort that out. But more importantly, as banks come under pressure they will use client assets in order to shore up the assets of the bank. This was the case, for example, with MF Global. We often see banks not actually having the allocated physical gold that they have told the customers they possesses. When banks come under pressure, they will take any desperate measure to save themselves and this will definitely include client assets. And don’t believe that the government will help you since they are bankrupt too. 

    Bank failures will be commonplace in coming years as banks’ irresponsible lending will be exposed. Collapsing asset prices will exacerbate this problem dramatically. Most people believe that money or assets in the bank will be totally safe. Personally I wouldn’t deposit any major amounts of money or assets in a bank. And if I did I would ask for collateral. Banks today are totally untrustworthy borrowers of depositors’ money and anyone hoping to get their money back will soon learn that they can’t. 
    We Are Now Only Months Away From The Worst Global Crisis In History KWN-Prins-I-6202015What You Need To Do Right Now While There Is Still Time
    So if you can’t trust the banks, what do you do with your money? In uncertain times it is essential to 
    avoid counterparty risk. Therefore, no assets must be held with a counterparty who is heavily exposed financially. Directly controlled assets is the best way to safeguard and control investments. This can be property, land, direct ownership of companies, including direct registration of stocks. 
    The best insurance against the risks outlined above is to hold physical gold and silver. But it is not enough just to own gold and silver. It is just as important how they are held. It is a sine qua non to hold metals in physical form, outside the financial system and outside your country of residence. It is also critical to have direct access to your wealth preservation asset which should not be held through a counterparty. 
    Gold and silver will not protect investors against all the problems that the world will experience in coming years. But if they are held in the right way and place, precious metals will be the best insurance against the massive wealth destruction that will take place in the next few years.”
    http://kingworldnews.com/we-are-only-months-away-from-the-worst-global-crisis-in-history/

      Current date/time is Thu 28 Mar 2024, 7:58 am