John Embry – The Key To Surviving The Destruction Of The Current Monetary System
KingWorldNews.com
September 20, 2016
As the world awaits tomorrow’s Fed decision, today John Embry spoke with King World News about the key to surviving the destruction of the current monetary system.
John Embry: “Eric, I think this should be an interesting week with the Fed meeting taking place tomorrow, and a Japanese monetary meeting taking place simultaneously. I really think the Fed is so out of touch with reality that nothing would shock me…
John Embry continues: “I will say that the last thing the United States needs at this time is an administered rate hike.
The Japanese situation is perhaps more fascinating. They have essentially been battling deflation for a quarter century, following their epic asset inflation of the 1980s. Initially it was easier to do because the rest of the world economy remained buoyant, particularly China and the rest of Asia. This permitted the Japanese to wrestle with their internal problems with less negative influences externally.
Now, however, the whole world is struggling, with Japan’s problems more pressing if not terminal. Their staggering government debt burden in conjunction with a moribund economy as well as a shrinking, aging, xenophobic population, is a major problem. The problems are so severe that a viable solution seems impossible.
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