- Embry – Global Markets Are Now Subject To Total Collapse!
With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, warned King World News that global markets are now subject to “total collapse.” John Embry also discussed the implications of what this means for investors around the world in his powerful KWN interview.
Embry: “I honestly believe the more I watch what’s unfolding here, the world’s leaders, and particularly their central bankers, have made such an unholy mess of things that at this point they don’t have a clue what to do….
And as we hurtle towards Armageddon, the central planners are going to do anything they can to forestall the inevitable. But we are having these tapers in the US, and we are seeing the chaos engulf the world as foreign currencies such as the Russian ruble are getting killed.
But this is an extraordinarily dangerous strategy because these markets are so overvalued and vulnerable that they are subject to total collapse overnight if they become liquidity starved. So I think the Fed is playing a very dangerous game, and I suspect as the terror in global markets accelerates, at some point the Fed will desperately reverse their tapering.”