John Embry – A World On The Road To Hyperinflation

Monday, October 23, 2017
By Paul Martin
October 23, 2017

With the Dow and Nasdaq hitting new highs, today John Embry told King World News that we now live in a world that is heading toward a crisis of epic proportions on the road to hyperinflation.

A World On The Road To Hyperinflation
John Embry: “Eric, I was traveling in Europe for a couple of weeks, and when I returned, nothing had changed. Stock markets continue to be propped up globally, with the Japanese markets posting a record streak of up days…

John Embry continues: “Bond markets, where the greatest risk resides, continue to hang in, despite ongoing rhetoric from central banks about reducing their balance sheets and raising interest rates. Of all the annoying things happening right now, this is the most absurd. But it shows the central banks’ increasing desperation to keep confidence in the current monetary system intact. If central banks actually admitted the truth and stated that quantitative easing has to continue in order to prevent a global financial and economic collapse, confidence in the pure fiat system would immediately collapse. This would put the world on rout to hyperinflation.

Let me be frank, the current situation, which has been building since the early 1980s when this remarkable era of financial asset inflation got underway, is now in a terminal state. There is infinitely too much leverage in the global system. In fact, it has reached an extreme which has never been remotely approached in history. With all the financial innovation in the last couple of decades, the system has held together better than many believed possible. But in reality all this has done is to ensure a historic collapse that will exceed anything seen in the past.

The Rest…HERE

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