John Embry – Central Banks Have Trillions Of Dollars Of Unsalable Assets
KingWorldNews.com
May 08, 2017
On the heels of the French election results, today John Embry told King World News that central banks now have trillions of dollars of unsalable assets and the implications are quite disturbing.
Central Banks Have Trillions Of Dollars Of Unsalable Assets
John Embry: “Eric, it certainly has been a very interesting period since we last spoke. The precious metals have been relentlessly attacked, irrespective of the news backdrop, while the U.S. stock market has led the other world stock markets higher to the extent that global stock markets are collectively now trading at an all-time record market cap…
John Embry continues: “Perhaps we should not be at all be surprised given that the world’s central banks have increased their assets dramatically since the world’s financial crisis in 2008 and have essentially been buying whatever financial assets need support at any given time. Their balance sheets are now littered with trillions of dollars worth of virtually unsalable assets. Having come this far, my suspicion is that they can’t turn back now, so get ready for even more bizarre markets.
And The Implications Are Quite Disturbing…
The Rest…HERE
