Global Crash Can’t Be Stopped
Since 2008, central banks and governments have increased world debt by over 40%, with no effect on the real economy. The collapse of the world economy and the financial system was temporarily put on hold for five years in 2008, but now, according to Egon von Greyerz, we are entering the Great Financial Catastrophe. China has already dumped $100 billion of its $1 trillion of U.S. Treasuries this month and will continue to sell as their $28 trillion dollar credit market implodes.
5 Reasons for Turbulent Market
Here are, without going into detail a few of the five reasons that the markets are, and will likely continue to be, turbulent…
1. The China story is over.
2. Emerging currencies and markets have run their course.
3. There are diminishing returns on additional debt.
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