John Embry – The Situation Is Now Rapidly Deteriorating In The West
KingWorldNews.com
July 06, 2017Today John Embry warned King World News that things are rapidly deteriorating for Western central planners.
Things Are Rapidly Deteriorating
John Embry: “Eric, I think investors should be getting very concerned at this point as the market manipulation has been almost fanatical recently, suggesting that things behind the curtain are deteriorating at a rapid rate…
John Embry continues: “The preposterous comments coming from central bankers globally suggests that moral suasion or outright mendacity is the only thing they have left to underpin the public’s confidence in their system. A good example is my home country of Canada. The recent statements emanating from our central bank suggest that the worsening impact of the falling oil price has been absorbed and the economy is now strong enough to handle higher rates. From my perspective, by far the only strong aspect of our economy is an out of control real estate boom, which, not surprisingly, is dependent on minimal interest rates. However, the market ignored the fundamentals, believed the rhetoric, and the Canadian dollar has strengthened noticeably. However, perhaps this says more about the U.S. dollar, which the IMF recently said was overvalued by between 10 percent and 20 percent. The IMF cited overstated economic numbers and a disturbing debt buildup.
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