Coming Global Collapse Will Eclipse The Terror Of 2008
King World News
Today the man who has been one of the most accurate in the world at calling movements in gold warned King World News that the coming collapse will be far worse than the terror that engulfed the world 5 or 6 years ago. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also warned KWN that the reaction by global governments to this coming collapse will be incredibly alarming for ordinary citizens.
Eric King: “Based on what you’ve been communicating to KWN, it appears you firmly believe that the 2008/2009 collapse is nothing compared to what’s in front of us?
Kaye: “That’s right. The 2008 collapse was just a warning shot. That’s all it was. And the reaction by governments around the world was simply one of panic….
“They (the governments) took the easy way out. Because of that they did not learn any of the lessons that should have been learned.
If you have a problem which was precipitated by excess leverage, and ultimately the market is dictating that you can’t service that debt, which was going to lead to enormous wealth destruction, ultimately you’ve got to learn to intelligently de-lever. But instead of doing that, additional layers of debt were piled on everywhere, while policies of financial repression were used to prevent interest rates from causing yet another financial convulsion.
But now we are getting to the point where the authorities are recognizing the fact that there is a major problem, and this cannot go on indefinitely. Look at the destruction that has already taken place in emerging markets because of the very slight withdrawal of the most extraordinary aspects of quantitative easing...
Read the rest:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/7_Coming_Global_Collapse_Will_Eclipse_The_Terror_Of_2008.html
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