John Embry – Global Money Printing And Credit Creation Has The World Headed For A Horrific Collapse
KingWorldNews.com
May 31, 2017
Today John Embry warned King World News that global money printing and credit creation has the world headed for a horrific collapse.
Be Patient
John Embry: “Eric, at the surface there appears to be little going on as the primary stock and bond markets are being manipulated by the usual suspects, to the point where volatility is hovering near historically low levels…
John Embry continues: “Governments globally are continuing to issue blatantly false reports on the states of their economies. The Chinese are now as guilty if not more so than their Western counterparts at this stage.
However, there are increasing signs that the excess money and credit that has been created globally is influencing prices — leading to explosive moves in attractive real estate, collectibles, and stocks with cache like Amazon, Google, Apple, etc. That shouldn’t come as a surprise to anyone as the money and credit have to seek an outlet somewhere.
But in most instances the consumer is over indebted and thus constrained in their ability to take on more debt. This is being reflected in dismal consumer spending in most countries and generally poor overall economic performance. If one believes in Austrian Economics to the extent that I do, one realizes that in a debt-fueled economic expansion it takes ever greater quantities of debt to create the same amount of real economic growth as each cycle matures.
Globally we are already past the point of no return, and the ongoing increase in money and credit is having less and less impact on the real economy. Japan was at the forefront of this unfortunate trend and has been battling stagnation for nearly 3 decades. However, the other countries are rapidly catching up, with China leading the charge after a historic debt expansion in the wake of the 2007-2008 financial crisis.
The Rest…HERE
