Bankster Manipulation Continues As Excess Debt And Leverage Threatens Global Financial System
KingWorldNews.com
Oct. 26, 2015
With continued uncertainty in global markets, today a 50-year market veteran warned King World News that bankster manipulation of markets continues as excess debt and leverage threatens the entire global financial system.
October 26 (King World News) – John Embry: “The theater of the absurd intensified last week. The world’s stock markets were all bid higher in the face of essentially more bad news, easing talk from the head of the ECB, Mario Draghi, and a rate cut in China…
“Never has any individual gotten more market reaction with just mere talk then Draghi. The man who said several years ago that he was prepared to ‘do anything’ to save the euro, continues to run his mouth while doing as little as humanly possible so that this financial charade can continue.
On the other hand, the Chinese, after reporting a 7.2 percent annualized growth rate in the latest quarter, felt the need to cut rates, suggesting that perhaps their economic numbers might be bogus. Anybody who does a modicum of analysis on the true state of the Chinese economy realizes that their growth rates are nothing but fiction. Looking at micro-numbers like power consumption confirms that suspicion.
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