50-Year Veteran Warns There Is No Way Out Of This As World Heads For Next Crisis!

• 50-Year Veteran Warns There Is No Way Out Of This As World Heads For Next Crisis! 
  by www.kingworldnews.com 
  With the eyes of the world focused on soaring stock markets, today a 50-year market veteran warned King World News that thre is no way out of this as the world heads for the next crisis.  He also discussed the truth about what is really happening around the world.
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  John Embry:  “I was struck in the last 24 hours by the news of the Austrian bad bank halting payments on $11 billion in debts and referring to a hole in their balance sheet of over $8 billion.  At the same time I noticed that in this new Greek bailout that is being proposed, Spain is going to be contributing 14 percent of the money….
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  “So we have the bankrupt financing the bankrupt.  This is turning into the theater of the absurd.  It’s symptomatic of the fact that the debt crisis, which started the 2008 global financial crisis, has not gone away at all.
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  World Debt Over $200 Trillion
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  read more!
  

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