We are now in September of 2015 and we are likely to enter a period that will shock the world. I expect to see devastating falls in stock markets worldwide, triggered by unexpected events which could be financial or geopolitical….
In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events.
“The Dark Years Are Here”
“The dark years are here and all the bad news is coming out right on queue. Just look at the data. Brazil is in recession and they have a collapsing currency, which is down 50 percent since 2011. Brazil will probably see their debt rating cut to junk.
If you look at Korea, industrial production has collapsed by 15 percent in August and they are likely to see the value of their currency erode even further. And in the U.S., an average family can’t even afford to live in the least expensive metropolitan areas. U.S. housing is contracting. China’s PMI is falling and Europe is continuing to deteriorate. And what we are seeing is likely to accelerate in every country in coming months.
Canada’s GDP dropped by .5 percent in Q2. In Europe, Draghi has just come out with a revamped QE in order to try to save Europe. Now the ECB is going to buy up to 33 percent of any bonds from the member countries. So up to one-third of the bad debt is going to be bought by the ECB. This has increased from 25 percent because it’s debt that nobody can sell.
Please follow SGT Report on Twitter & help share the message.