World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap
KingWorldNews.com
Oct. 4,2015
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.
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…
The Rest…HERE
