John Embry Warns Global Implosion Edges Closer

Tuesday, September 27, 2016
By Paul Martin
September 27, 2016

As we get ready to head into what may well be a very interesting October for global markets, today John Embry warned King World News that we are edging closer to the ultimate global implosion.

John Embry: “Eric, as I watch the unfolding economic and financial saga unfolding globally, I’m reminded of the famous quote from Hemingway’s The Sun Also Rises. When asked, how did you go bankrupt? One of the protagonists responded:

“Gradually, then suddenly.”…

John Embry continues: “And I think that remark is particularly appropriate for what is currently happening today on the global financial scene. There are major issues everywhere, with the disasters today being the desperate state of Deutsche Bank in Germany and the downgrade of Turkish debt to junk. However, these are just two issues and there are equally pressing problems around the globe.

We also have the Chinese debt situation following the historic expansion, the Italian banking crisis, the still to be felt impacts of Brexit, the emerging U.S. pension crisis, etc. To date, the powers that be have been able to hold things together but without any sustainable hope for creating any improvement in the system.

Global Implosion Edges Closer

The Rest…HERE

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