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« Russia Relies On Gold To Push Reserves Back Over $380 Billion | Main | Exposed - How Two Janet Yellen Phone Calls Saved The World »

50-Year Veteran Warns A Great Financial Holocaust Is Coming

Today a 50-year market veteran told King World News that a “Great Financial Holocaust” is coming.

John Embry:  “Eric, as far as I can determine, the economic outlook is deteriorating virtually everywhere as it appears the severely over-levered global financial system can no longer support any sustainable growth…

John Embry continues:  “This is certainly being confirmed by the alarming decline in world trade.  Now, despite the odd positive economic statistic emanating from the U.S. government, which often gets revised down considerably not long after and when it gets considerably less publicity, the U.S. economy is in big trouble.

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Silver closes at $15.05, a new higher high looks to be off the cards so silver is not confirming golds strength.

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