Friday, July 24, 2015

The Terrifying Ticking Time Bomb, Gold And A World On The Edge Of Collapse

"Today a legend in the business sent King World News a powerful piece that warns about a terrifying $250 trillion time bomb.  John Ing, who has been in the business for 43 years, also discussed parallels to the Great Depression, gold, and a world on the edge of collapse.
KWN will be releasing interviews all day today with Eric Sprott and many others, but first…
July 24 (King World News) – Identity problems? Rachel Dolezal wants to be black, Bruce Jenner a woman, or how about Donald Trump for President. Identity problems? No, it is identity theft comparable to the “happy times are here again” mania, fueled by cheap debt and a borrowing binge which has led to overvaluation and risk. In much of the globe, we have negative interest rates pushing investors into US dollar denominated assets like stocks, real estate and for a very long time, US bonds.
The US dollar, once viewed as a sick currency less than a decade ago, is now viewed as a safe haven following the Euro debacle. But the default risk was not just a Greek story. Overlooked is that Ukraine recently declared a “credit event”, raising the risk of default. To date there are more than ten countries that are vulnerable. Argentina is already in technical default and Puerto Rico filed this month owing $72 billion. The debt tide has turned…."


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