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. You must log in to see and participate in our Dinar sections.

Position yourself for free after watching the video on eCommerce at


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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017

Legend Responds To Fed Decision And Issues Dire Warning About Why The World Financial System Is Head


Posts : 26734
Thanked : 1361
Join date : 2013-01-12

Legend Responds To Fed Decision And Issues Dire Warning About Why The World Financial System Is Head

Post by Lobo on Wed Sep 21, 2016 7:27 pm

Legend Responds To Fed Decision And Issues Dire Warning About Why The World Financial System Is Headed For Total Collapse
September 21, 2016

On the heels of the Fed’s decision not to raise rates, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just spoke with King World News about the Fed’s decision and why the world financial system is headed for total collapse.  There is also an email included from one of our KWN readers as well as a fascinating response.
Egon von Greyerz:  “It was no surprise to me that the Fed did not raise rates today because I have repeatedly said on KWN that the Fed would not raise rates.  The Fed knows the true economic figures, and the real figures are disastrous…

To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.

The global situation is incredibly serious and the banking system in Europe is now on the verge of collapse.  So the ECB is standing ready to increase money printing because without that, neither Deutsche Bank, nor the Italian banks, nor the Greek banks, will survive.
Gold and silver are on their way, initially, to $10,000 and $1,000 respectively.  But they will soar to much greater heights as hyperinflation gets underway as the massive money printing experiment accelerates, and then leads to total collapse.”
The following email was sent to KWN by one of our readers…
Back in 2008 my wife and I were living in Des Moines, Iowa while she continued her education. I had closed my practice as a financial planner and moved with her.  She made friends with a couple and he was in the same boat as I was, following along as his wife attended law school. He found a position with Wells Fargo at their West Des Moines Campus, and for me this is where the story gets interesting.
He was part of a small group of people that were going over mortgages that Wells Fargo had, grouping them and then dumping them wherever they could. He and I talked about it a couple of times, but I don’t think he understood what I knew and what he was (really) doing. 
Here is a question: The banks have handed as much debt as they can to the pension funds, hedge funds and anyone else they can, and (now) they are insolvent again, how do you get closure to this? Long, long time reader!!! Thank you for all you do!
Here is Egon von Greyerz’s response: “It is well known that the banks tried to dump as much of their mortgage debt or CDOs as they could in 2007 – 2008 at false prices.

In “The Big Short,”  which is based on a true story,  this is well documented. The banks dumped massive amounts of mortgage paper at full price before the market collapsed. They were, at that time, totally aware that the real value of these securities was a fraction of the price that they sold them for. 
The interesting question is how much of this debt that institutions are still sitting on and are they valuing it at full maturity value rather than market?

On top of the mortgage market, we now have car loans and student loans which together are well over $2 trillion dollars with very high default rates and also packaged similarly to the sub-prime housing market.
Eric, we know that none of this will be repaid. Nor will sovereign debt. When the next crisis starts, which might not be too far away, 2007 – 2008 will seem like a walk in the park …

    Current date/time is Tue Nov 21, 2017 4:08 am