John Embry – I Haven’t Seen This In 47 Years
KingWorldNews.com
June 12, 2018
With continued uncertainty in global markets, today John Embry told King World News he hasn’t seen this in 47 years.
The Line In The Sand
June 12 (King World News) – John Embry: “It is a significant pleasure to be able to chat with you after your long trip. In your absence, the markets have become even more absurd. The fanatical efforts of the central banks and their allies to suppress gold and silver prices have become ever more intense. $1,300 is the line in the sand for gold and they are desperately trying to keep silver under $17. These are now unquestionably the two cheapest assets on the planet…
John Embry continues: “This is all understandable looking at the magnitude of the financial disaster that bankers have created. They will do anything possible to put off the day of reckoning. As I have said on many occasions, if gold and silver prices were allowed to reflect the absurdity of current monetary policy, interest rates would escalate immediately and the entire global debt bubble would come crashing down.
However, each day that this bubble environment continues to exist ensures that the ultimate outcome will be even worse. Most observers don’t seem to recognize the fact that total global debt has grown by at least $75 trillion since the global financial crisis, and the system should already have collapsed at that point. The central bank intervention has enriched the elites, while the vast majority of society struggles to make ends meet.
The Rest…HERE
