Former White House Official Warns The World Is Dangerously Close To Collapse!
- Former White House Official Warns The World Is Dangerously Close To Collapse!
by www.kingworldnews.com
Today a former White House official and Plunge Protection Team member warned King World News that the world is dangerously close to collapse. Former presidential adviser and member of the U.S. President’s Working Group on Financial Markets, Dr. Philippa Malmgren, also discussed why the world is so dangerously close to collapse and what can trigger it at any time.
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Eric King: “What is the great danger facing the world as we head into 2015?”
Dr. Malmgren: “There is a risk that this period of history might end up being parallel to 1922 – 1923 in Germany. As you recall, that was a period when the central banks started really expanding the money supply and thinking they could control the outcome at a later date. It turned out they couldn’t and it really got out of control in a couple of years. Then we had the dreadful hyperinflation that we refer to in the Weimar Republic….
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King World News note: The Weimar Republic hyperinflation chart below shows one gold Mark collapsing in value from a level of one Mark for one gold unit in 1918, all the way to an astonishing one trillion Marks for the same unit of gold by 1923.
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