- World Chaos Erupting as Government & Institutions Collapse!
With mounting worries about the financial systems of Europe and the US, 40 year veteran, Robert Fitzwilson wrote the following piece exclusively for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “The financial markets continue to show extreme volatility as the various institutions and governments deal with the end of their respective roads. The announcement regarding the bailout of the Spanish banks created euphoria as markets opened around the world, but the euphoria quickly dissipated. Governments, economies and societies are converging on a common dead end, and it is a dead end of historic proportions.”
“In the U.S. markets, the Dow Jones Industrial Average saw a high of 12,650, but finished near the low at 12,398, a swing of about 250 points. The bailout, as presented, was to provide a sum that does not exist based upon a document that has not been created and has yet to be agreed upon, finalized and signed. On top of that, other countries, such as Ireland, are now wanting to renegotiate their prior bailout to make the terms comparable to those Spain received. While some are rumored to have an objective of world government, what we have succeeded in creating is world chaos. Institutions and governments are dying. The seeds of conflict are everywhere….