John Embry – The Cracks Are Showing Everywhere In The Global Financial System
KingWorldNews.com
May 15, 2017
With the Dow rallying along with crude oil, gold and silver, today John Embry spoke with King World News about the gold and silver markets and also warned that cracks are showing everywhere in the global financial system.
Light At The End Of The Tunnel
John Embry: “Eric, after a very difficult period for gold and silver proponents, I think there is finally light at the proverbial end of the tunnel and for a change it may not be an oncoming train…
Staggering Amounts Of Money Prevent Further Collapse
John Embry continues: “As you know only too well, the Western central banks — the BIS, et al — undertook what turned out to be an extremely successful operation in the year 2011. Knowing full well that they were going to have to create staggering quantities of new money and credit in order to prevent the post-financial crisis global economy from collapsing, they also knew that the canaries in the coal mine (gold & silver) could not be allowed to reflect their out of control monetary policies.
Thus, their previous interventions to control the gold and silver prices, which had been ongoing to various extents for several decades, went into overdrive. Using the corrupt paper markets for gold and silver, they systematically smashed gold and silver from a high of nearly $50 in April of 2011 to under $15 an ounce at the cycle lows. On the gold front, following an all-time high of over $1,900 in the late summer of 2011, the price was relentlessly driven down to under $1,100 in the same time frame. The fact that both metals remain depressed today, with silver trading at under $17 while gold languishes at $1,230, in the face of the fiat currency debasement that has occurred in the intervening period is beyond remarkable. In fact, it is totally ludicrous and will ultimately be seen as one of the most ridiculous mispricings in the history of finance.
The Rest…HERE
