Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events spoke with KWN about how the elite secretly dominate the world and have plans to send global markets into a full-blown panic.
Egon von Greyerz: “Eric, news is coming out fast now. Last week we had Draghi surprising the market. Everyone was expecting QE to be increased by the ECB. Instead, all Draghi did was extend the present QE for at least another year and probably indefinitely. Of course interest rates then went from negative 0.2 percent to negative 0.3 percent. And they still cannot create any inflation in Europe…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Egon von Greyerz continues: “And as you know, central bankers are petrified that deflation will totally kill the financial system because without inflation no loan will ever be repaid.
Draghi Rocks Global Markets
Global markets crashed after Draghi’s ECB statement and the Euro went up over 3%. But central banks cannot live with declining stock markets and therefore Draghi made a further statement the next day saying that ‘QE is here to stay’ and ‘there is no limit to the size of the ECB balance sheet.’ Obviously markets loved this statement and stocks surged. This is another example of the total lack of policy from central banks as they are just reacting to events. Central Banks are clueless and as these latest actions by Draghi shows, they can change their policy within one day.
These are the kinds of surprises we will see in coming months because the market is betting heavily in one direction. We will also see major stock markets head lower because everyone is simply too bullish. Over time, global stock markets will decline 50 – 75 percent before this cycle comes to an end.
Elite Propaganda And Domination Of The Bubble World
Eric, in the world economy and the financial markets today we have two worlds. We have the bubble world, which is dominated by the elite, the central bankers and the Western governments, and this is totally supported by the propaganda emanating from Western mainstream media.
Stock markets are near highs in this world, property prices are booming, and financing costs are near zero. Obviously the bankers love this situation because they have free money that they can leverage up to 50-times, and for as long as the Ponzi scheme continues, they make immoral gains.
The other world is the real world. In this world, private and government debt is growing exponentially. Just since 2008, global debt is up by 50 percent. Virtually every government is running a deficit and thus increasing their debts, and it’s the same for individuals.
Ponzi To Be Kept Alive Using Propaganda, Lies And Repression
So what I’m saying is that government debt will never be repaid and nor will private debt. This means that most governments are insolvent and so are the consumers in the West. But the elite will attempt to keep this Ponzi scheme going for as long as they can, even though they know the collapse of the scheme will eventually send global markets into a full-blow panic. This will be done through propaganda, lies, financial repression, and many other forms of manipulation.
As the world edges closer to the implosion of the system, all central banks, including the IMF, will unleash the most massive money printing program in history. This will lead to temporary hyperinflation before the collapse.
Eric, we are now getting so many signals of a deteriorating world economy, which indicates that bubbles are starting to burst. Commodity prices are collapsing, and China, which accounted for 40 percent of world growth, is now slowing rapidly. They were the main buyers of commodities. The slowdown in China means that their debt explosion of 14-times in the last 15 years will lead to massive defaults as ghost towns remain empty and their vast infrastructure project pays no return.
And for all of the commodity producing nations, China’s downturn has had a very serious effect. As an example, Brazil has turned into an economic disaster. As a result of this worldwide downturn in trade, freight and container traffic are falling rapidly.
In the U.S., the real economy is now in decline. We are seeing a decline in real GDP and wages. The decline is also in retail sales, housing, company revenues, profits, manufacturing and many other areas. So it would be surprising if the Fed raises rates with these weakening trends. The U.S. economy can’t afford higher rates.
Real Panic In Markets Is Coming
Eric, I expected to see things change dramatically in the autumn of 2015 and we are seeing that turn. Global defaults, as an example, are now at a 6 year high. We have already seen $78 billion written off and that’s just the beginning. We see record downgrades in the U.S. and distressed loans are rising rapidly. Although the downturn has already started, the Western propaganda has camouflaged the situation, but it won’t be long before the dire situation becomes apparent and there is real panic in markets.
Eric, it is also important to note that the risk of a world war in now very high. With all of this, the manipulators, assisted by the hedge funds, are doing their very best to push gold prices down. This is in the face of incredibly strong physical demand around the world. It’s possible they could push the price a bit lower, but that doesn’t matter because the upside in gold is many thousands of dollars.
At some point the price of gold will explode to the upside. Eric, like I said, the upside for the price of gold is thousands of dollars but should also understand that the upside for the price of silver is hundreds of dollars. We have a perfect storm of events happening around the world that will be the catalyst for the coming explosion in the price of gold and silver.”
***To hear Dr. Stephen Leeb’s powerful audio interview CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: This Is The Nightmare No One Is Talking About That Ignited This Week’s Panic In Global Markets CLICK HERE.
***To listen to billionaire Eric Sprott discuss this week’s panicked trading and what’s directly ahead, you can listen to his extraordinary KWN audio interview by CLICKING HERE OR ON THE IMAGE BELOW.
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