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A World In Denial, Headed For Full-Blown Panic As The Global Economy And Stock Markets Crash
from KingWorldNews:
Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events warned King World News that the world is in denial and headed for full-blown panic as the global economy and stock markets crash.
“Jesus you can’t make a buck in this market, the country’s going to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard.” — Lou Mannheim (Wall Street)
The Perfect Storm
Egon von Greyerz: “Eric, the perfect storm has now started. And this storm will turn into a hurricane probably within the next two months. So in the next 60 – 90 days we will see all stock markets go down by at least 25 – 30 percent and likely a lot more. And we could see gold reaching $2,000 and silver $50 within that time….
“I’m fully aware that this sounds extreme, but all this is is the end of the 100-year bubble of credit explosion that now must implode. And the gold price will just be a reflection of the fall of paper currencies to their intrinsic value of zero.
