The Phaserl


The World Is Now On The Edge Of Total Collapse

from KingWorldNews:

Greyerz: “Eric, the whole world is panicking over Bernanke’s hint that the Fed might start tapering QE. Before we look at why that will be impossible for the Fed to do for any period of time in the U.S., let’s first look at other areas of the world where we have major problems.

Fitch just came out and said that China’s credit model is falling apart. The liquidity in China is under tremendous pressure. The shadow banking system is now at $2 trillion and 50% of debt is rolled over every 3 months, and 75% of China’s debt is rolled over every 3 to 6 months.

So short-term things are very dangerous….

Egon von Greyerz continues @

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2 comments to The World Is Now On The Edge Of Total Collapse

  • steelerdude

    Dammit Egon, you got me on edge again….up to 3 packs a day!!!! JK

    The elite wouldnt tell us if we were on the edge of collapse….

    And really, what can you do about it?

    • scott

      LOL!! That’s funny! 3 packs a day.

      Spot on….they ain’t gonna tell us anything but fairy-tales and wishes.
      “When it gets serious you have to lie”.

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