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The Worst Global Crisis In History Will Be Triggered In The Next Few Months
7
August, 2016
With
continued uncertainty in global markets, today the man who has become
legendary for his predictions on QE, historic moves in currencies,
and major global events, warned King World News that the
worst global crisis in history will be triggered in the next few
months.
The
Seeds Of The Worst Global Crisis In History
(King
World News) Egon
von Greyerz: “This
coming autumn, we are likely to see the beginning of the
hyperinflationary phase of the sovereign debt crisis. Hyperinflation
normally hits an economy very quickly and unexpectedly and is the
result of the currency collapsing. Hyperinflation does not arise as a
result of increasing demand for goods and services.
The
course of events in a hyperinflationary scenario can be summarized as
follows:
1.
Chronic government deficits
2.
Debt issuance and money printing escalating rapidly
3.
Bonds falling – interest rates rising fast
4.
Currency collapsing
The
above process turns into a vicious circle that accelerates quickly…
To read this article GO HERE
Other
headlines -
Bank Of England Suffers Stunning Failure On Second Day Of QE: "Goodness Knows What Happens Next Week"
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