Loading ...European Banking System Collapsing Now! Next up, Sovereign Bonds?
by Andrew Hoffman | Aug 2, 2016
Unequivocally, the rubber is hitting the road NOW! So much so, I believe “last to go” markets are in danger of being overwhelmed by the chaotically scrambling, Keystone Kop-like, terminally cancerous “powers that be.” And by “last to go,” I don’t just mean the gold and silver markets, which are being swamped by exploding physical demand, collapsing production, vanishing inventories, and history’s most violently PM-bullish political, economic, and monetary environment. No, I mean everything else; including hideously overvalued stock markets – which cumulatively, will either crash into oblivion, or hyper-inflate Zimbabwe style; with the result, in either case, being the biggest real losses of all time. To that end, kudos to Gordon Long, who in this article, opened my eyes to the massive head and shoulders top formation in global stock markets, which is breaking down as we speak; ominously, led by financials. Which is exactly why he – and I – anticipate Central banks are about to go “all in” on hyperinflation.
cont. http://www.milesfranklin.com/european-banking-system-collapse/