Elite Domination Of The World And Their Plans To Send Global Markets Into A Full-Blown Panic
KingWorldNews.com
December 06, 2015
Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events spoke with KWN about how the elite secretly dominate the world and have plans to send global markets into a full-blown panic.
Egon von Greyerz: “Eric, news is coming out fast now. Last week we had Draghi surprising the market. Everyone was expecting QE to be increased by the ECB. Instead, all Draghi did was extend the present QE for at least another year and probably indefinitely. Of course interest rates then went from negative 02 percent to negative 0.3 percent. And they still cannot create any inflation in Europe…
Egon von Greyerz continues: “And as you know, central bankers are petrified that deflation will totally kill the financial system because without inflation no loan will ever be repaid.
Draghi Rocks Global Markets
Draghi said, ‘QE is here to stay’ and ‘there is no limit to the size of the ECB balance sheet.’ This is another example of the policy disagreements between the central banks. Regardless, the market reaction to Draghi’s move and his comments was massive. The long dollar/short euro trade is too crowded. Everybody has been too bullish on the dollar. Therefore, we saw the dollar going down and the euro surging by four percent.
These are the kinds of surprises we will see in coming months because the market is betting heavily in one direction. We will also see major stock markets head lower because everyone is simply too bullish. Over time, global stock markets will decline 50 – 75 percent before this cycle comes to an end.
The Rest…HERE
