50-Year Veteran Warns A Massive Reset Of The World Financial System Is Coming

Monday, April 25, 2016
By Paul Martin

April 25, 2016

With the U.S. dollar continuing to trade near recent lows and gold trading near $1,240, today a 50-year market veteran warned King World News that a massive reset of the world financial system is coming.

John Embry: “Eric, just when you think things can’t become any more artificial or ludicrous, Bloomberg comes out with a report that the Japanese central bank, by virtue of its month-to-month purchases of Japanese stock ETFs, is now a top ten holder in approximately 90 percent of the Japanese companies that make up the Nikkei 225 Index…

John Embry continues: “That most assuredly is not the central banks’ traditional role, but it vividly reveals the depth of the problems facing the global system. Japan is the poster boy because it is further down the road to total financial destruction, with its government funded debt now exceeding 250 percent of GDP, while its population both shrinks and ages and its economy wallows.

But make no mistake, virtually all important Western industrialized countries are on the same path, with unsustainable debt loads, stagnating economies and historically overvalued financial markets.

The Rest…HERE

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