Before It's News | Popular Money
WARNING: The Process Of QE-Driven Bubble Bursting Has Began
Global Derivatives Market Has Already Suffered A Staggering $300 Trillion of Losses, Fed Lost $151 Billion in Bond Values, Gold Drops Below $1,200, Smart Money Is Heading For The Exits!!! Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade” When asked about the explosive riots occurring in Brazil, Jim warned to prepare for much more, in that, “This is the first time in history where you’ve had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.” http://bullmarketthinking.com/jim-rogers-this-is-too-insane-and-im-afraid-were-all-going-to-suffer-for-the-rest-of-this-decade/ $300 Trillion In Derivatives Losses To Lead Gold’s Rebound Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses.
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