FINANCIAL CRACK-UP: Nomi Prins Just Warned When The System Crashes This Time, It Will Crash Harder

Please see the source for the audio interview.

 

Nomi Prins, who meets with people from the Federal Reserve, IMF, World Bank, foreign central banks and high-raking government officials across the globe, just warned when the system crashes time time, it will crash harder.

Nomi Prins:  “The financial system is fragile.  It (the crackup) has been contained for 8 going on what will be 9 years of cheap money, bond subsidization, banking subsidization, and of a codependency that is very fragile.  I don’t know when that gives.  I’ve tried to guess this throughout the years, but the point is that it only increases in its tension and its (ultimate) downfall with every day that it’s been subsidized artificially…

Paul Craig Roberts – The New Greek Government May Be Assassinated

Today Dr. Paul Craig Roberts stunned King World News when he said that the new Greek government may be assassinated because the stakes are so high.  The former U.S. Treasury official takes KWN readers on a terrifying trip down the rabbit hole of government lies and assassinations, where the stakes are high and governments play for keeps.

Dr. Paul Craig Roberts:  “There is much more involved here with Greece than just the interests of the creditor banks, who still want to be paid 100 cents on the dollar.  There is another strong interest and this is the interest of the centralizing European Union government and the interest of the European Central Bank as the policy-maker for all of the countries.

So they are using the Greek crisis to establish that ruling power structure….

“That makes it difficult to make an agreement with the new Greek government to ameliorate the conditions imposed on Greece.  So it makes the EU inflexible.  That inflexibility gives Greece the cards to say, ‘We’re not playing your game — we’re going to play a different game and accept Russia’s offer.’

Stockman – Expect Historic & Worldwide Financial Destruction

Today David Stockman warned King World News that investors need to brace themselves for historic and worldwide financial destruction. KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse. Below is what Stockman, author of the website contracorner, had to say in his powerful interview.

Eric King:  “David, the man who is counsel to big money around the world, Michael Belkin, just spoke with KWN and issued a dire warning for the financial markets.  I just wondered how you see things at this point with the Dow recently tumbling and everything that is happening across the globe?  What should we expect?”

Stockman:  “Well, the watchword at this point is stay out of harm’s way.  We are headed into a perfect storm of policy failures.  This is not simply a failure by the Fed, which has inflated this massive bubble and painted itself into a corner with no clue how to get out, but we are also seeing an absolute failure of American world dominance…

“Our foreign policy is collapsing everywhere and yet the Washington war party keeps wanting to do more of the same.  This confrontation with Putin is utterly out of hand and unnecessary.  Now we have a trade war going that is going to ricochet through an already fragile European economy.

Billionaire Sprott – The Bank Of England Gold Vaults Are Empty

As the gold and silver smash continues for a second day, billionaire Eric Sprott warned King World News that the Bank of England gold vaults are empty and there will be a price to pay for what Western central planners have done.  The Canadian billionaire also warned about the banking system.  Below is what Sprott, Chairman of Sprott Asset Management, had to say in Part I of a remarkable series of interviews that will be released today.

Sprott:  “We have the Chinese coming in and buying an extra 1,500 tons (of gold).  We will have a GLD metric that could be as much as 1,000 tons just this year, year over year.  The Indians haven’t changed the laws yet but I think that will be forthcoming, and they can get back into normal buying mode….

Celente – No Way Out As Global Ponzi Scheme Collapse Begins

Today the man who remarkably predicted months ahead of time that the Fed would taper in December, then again in January, and who also predicted the global market plunge that we are now seeing, warned KWN that there is no way out this time for central planners as the global Ponzi scheme has now begun to collapse.  He also discussed the incredible turmoil taking place around the world.  Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable interview.

Eric King:  “Gerald, so far this chaos is unfolding exactly as you said it would with the market turmoil around the world.  Some of the market participants are becoming a bit shocked at what’s unfolding here, but you called it to perfection.  My question to you is, where do we go from here?”

Celente:  “Global markets are headed down, but it may not be in a straight line because you are going to start seeing the Fed, (Washington) D.C., and the Wall Street gang move in to stop the slide in global equities.