With continued uncertainty in global markets, today a 50-year market veteran warned King World News about a great deception by a criminal syndicate of banks, global shock and a wild scene that is now unfolding.
John Embry: “I’m focused on the fact that there is a consistent pattern in the markets with regards to bad news, and I would consider the Greek referendum outcome to definitely be bad news for the markets and a shock to the world. Even the elites, who are busy implementing their New World Order, expected a yes outcome. Markets initially acted as they should, with gold rising and stocks falling….
Continue reading the John Embry interview below…
“Last night gold shot up, but then the usual suspects employed their algorithms and high-frequency techniques and then slammed it back down again.
Stock Market Crash, Desperate Western Central Banks & Financial Collapse
Then the stock markets, after being sharply lower, rallied back as the powers that be know that an extended decline could lead to a crash. Ironically, if this continues long enough the cost will be a collapse of the present fiat currency system and a horrific hyperinflation. But in the eyes of the elite, that’s a problem for another day.
Today the central banks must avoid a deflationary debt collapse, which looms menacingly because there is infinitely too much debt and far too many toxic derivatives in the system already. The problem is that there is no easy way out due to our past monumental financial errors and I suspect that the bill for these failures is coming due very shortly.
Eric, I saw a fascinating quote some time ago: ‘One of the most endangered species on earth is the pensioner.’ I couldn’t agree more. I used to manage pension fund assets in my past days in the business and the approach tends to be very conventional — primarily stocks and bonds, with the big decision being the split between them.
This strategy has worked out fairly well, but nevertheless numerous pension funds are already underfunded, despite the global bubble in stocks and bonds. However, when these bubbles burst, and they undoubtedly will, the pension funds are going to be devastated. And the pensioner, who contributed throughout his working career so they could live comfortably in retirement, is also going to be devastated.
A Wild Scene Is Unolding In China
And speaking of bubbles, this is a really wild scene that is unfolding in China, with the stock market crashing over 25 percent in a short period of time. Clearly this is very destabilizing in an over-indebted country like China, and the Chinese are taking extreme measures in a desperate attempt to address the collapse in stocks. It will be interesting to see how this works out in a world that is confronting more and more instability, wile real liquidity declining in an alarming fashion.
The Great Deception By A Criminal Syndicate Of Banks & Global Shock
We have just now entered the second half of 2015 and I think the next few months are going to be a wild ride. What is incredibly fascinating to me is the fact that the most undervalued assets on earth are gold and silver and their respective equities — thanks to the efforts of the central banks and their criminal syndicate of banks. But the world is about to realize, when the global turmoil picks up steam, that this has all been a great deception, and that devastating reality is going to leave most people across the globe in shock.” ***KWN has now released the incredible interview with the top trends forecaster in the world, Gerald Celente, where he discusses why the global panic is on, what surprises to expect and how it will impact major markets, including gold and silver, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has now released the extraordinary audio interview with Andrew Maguire, where he discusses the gold and silver takedown, why the silver market is poised to skyrocket, the astonishing moves in the gold market by the bullion banks and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO RELEASED: The BIS Is Trying To Hide A Terrifying Nightmare That Is Going To Send The World Into A Full-Blown CLICK HERE.
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The audio interviews with Gerald Celente, Andrew Maguire, Michael Pento, Dr. Paul Craig Roberts, Rick Rule, Nomi Prins, Bill Fleckenstein, Stephen Leeb, Eric Sprott, Robert Arnott, David Stockman, Chris Powell, John Mauldin, Egon von Greyerz, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf, John Embry and Rick Santelli are available now and you can listen to them by CLICKING HERE.