We Are Most Assuredly Headed For Armageddon
KingWorldNews.com
December 06, 2016
With continued uncertainty in global markets, one of the greats in the business just told King World News that “we are most assuredly headed for Armageddon.”
John Embry: “Eric, the price action in gold, silver, and markets in general, has been ludicrous since the U.S.election when Donald Trump was elected as president. Things took another big step in that same direction in the wake of the Italian referendum, which I believe was disastrous for the future of the European Union, and perhaps more importantly for the entire Italian banking system…
John Embry continues: “As Egon von Greyerz so aptly noted in his weekend interview with KWN, the Italian banking system has roughly 20 percent of its total loan book non-performing at this point. The only way to address this is unlimited money creation, which is anything but bearish for gold and silver.
However, we are in the final chapter of the massive paper gold and silver Ponzi scheme, and no one realizes that better than the perpetrators — the central banks and their allies the bullion banks. Thus, this takedown is directed at rebalancing their books to avoid huge losses when the market inevitably turns violently to the upside.
The Rest…HERE
