Embry - Despite Rally, Global Financial Crisis II Is Imminent

"Today John Embry told King World News that, despite the rally, investors should brace for “global financial crisis II.” Embry also said this crisis will be “more unpleasant than the first one.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN that gold and silver will reign supreme during the upcoming turmoil. But first, Embry had to say about the Egon von Greyerz prediction of a massive global bailout: “I believe that’s very realistic. They will go down the path of trying to continually bail this system out to prevent a collapse. Nobody wants to be at the helm when the ship goes down, so they will try to move heaven and earth to prevent that.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/12_Embry_-_Despite_Rally,_Global_Financial_Crisis_II_Is_Imminent.html