The Terrifying $250 Trillion Time Bomb, Gold And Escalating Currency Wars
KingWorldNews.com
January 25, 2015
Today a legend who was recently asked by the Chinese government to give a speech to government officials in China sent King World News a powerful piece that warns about a terrifying $250 trillion time bomb. John Ing, who has been in the business for 43 years, also discussed parallels to the Great Depression, gold, and escalating currency wars.
By John Ing of Maison Placements
January 24 (King World News) – Ireland, Italy and Portugal all have public debt to GDP ratios in excess of 125 percent. European growth is anemic. Rhetoric has not matched the reality. Greece faced yet another election and Greek shares plunged over fears of a Grexit, reminiscent of only four years ago. The reality is that Greece and the other Eurozone members only deferred their problems while their debt crept higher.
Central banks should be listened to but investors would be wise to follow their actions, not their rhetoric. The slump in oil prices, and easing of German inflation has prompted the European Central Bank to conjure new euros to buy bonds with newly minted money despite the lowest returns ever. The successive rounds of money creation are to be shoveled into the system.
Reminiscent Of Great Depression
The Rest…HERE
