What We Are Now Seeing Is Unprecedented In World History

A reminder:
In bankruptcy court, the deposits in your accounts are known as General Unsecured Claims.
Depositors are known as Unsecured Creditors.

Cyprus and all other European banks face a manufactured solvency problem.
Not a liquidity problem!
When will a reckoning happen?
This is a political decision, so as with Cyprus, nobody knows…

Cyprus was notice of intent and that there will be no more injections of liquidity. Cyprus is the template for the globalists’ extraction of wealth, the world over.

What We Are Now Seeing Is Unprecedented In World History

Eric King with Egon von Greyerz
March 28, 2013
https://kingworldnews.com
.

.

Today Egon von Greyerz warned King World News that the chaos we are seeing right now is unprecedented in world history.  Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also cautioned “The confluence of these cycles will cause unimaginable turmoil in the future.”  Below is what Greyerz had to say in this remarkable interview:

.
Please click the link to see the complete article.
Advertisements

About ace5ace

60, roaming the Ozarks.
Gallery | This entry was posted in Austerity and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s