World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap – King World News weekly
October 3 2015
Egon von Greyerz: Eric, the situation in the world could not be more precarious. Governments of every major economy are desperately considering how to save themselves from a disastrous debt implosion leading to massive sovereign defaults.
They have erroneously thought that all the credit creation and money printing since 2008 would have saved them and created inflation. But no, the deflationary pressures have continued everywhere. And both Germany and Japan have just confirmed how this deflationary pressure is continuing to destroy their chances of survival…”
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