The $500 Trillion Ticking Time Bomb That Will Devastate The Global Financial System

Saturday, November 21, 2015
By Paul Martin
November 21, 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 about a $500 trillion ticking time bomb that will devastate the global financial system.

Egon von Greyerz: “Eric, markets are waiting for the Fed decision on December 16. At this point the Fed doesn’t have a clue what to do. Since they have no long-term policy and only react to events, they hope that in the next 26 days they will have more clarity…

Egon von Greyerz continues: “Increasing rates by 1/4 percent would give the indication of a strong economy. So the primary reason why they would lift rates is to give the illusion that all is well in the United States.

The $500 Trillion Ticking Time Bomb
But Yellen knows that things are far from well. She knows that unemployment is not 5 percent, since 94 million people capable of work are not working. She also knows that the risks in the U.S. and in the world economy are greater than ever.

The Rest…HERE

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