Greyerz – The World Is Set To Plunge Into Chaos Over The Next 6 Months
Greyerz – The World Is Set To Plunge Into Chaos Over The Next 6 Months from King World News
As we near the midway point of what promises to be a rowdy month of trading in June, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that the world is set to plunge into chaos over the next 6 months.
Egon von Greyerz: “This past week, we were again reminded of the global instability and disequilibrium. In the UK, the conservative Prime Minister Theresa May decided 8 weeks ago to call an election. This was done due to the conservatives being 20 percentage points ahead of their Labour rivals in the opinion polls, which would have led to a strong backing for the Brexit negotiations as well as another five years in power. But things went disastrously wrong. An extremely badly run campaign by Mrs May and an opportunistically clever campaign led by the Labour leader Corbyn have led to a hung parliament. The conservatives are now dependent on a small Northern Ireland party as well the Scottish conservatives. The effect of the election is a total political chaos that will weaken a UK which is already in a mess with a high debt and untenable budget and trade deficits…
“But the EU bureaucrats led by Mr Junker are of course delighted. They know now that Mrs May who was for a hard Brexit will have to go and the EU will have the upper hand to reach a soft Brexit.
So again, the globalists have sadly won, just like they did in the Netherlands and France recently. The unelected and unaccountable Brussels bureaucrats are absolutely elated. They can now continue to run Europe irresponsibly with open borders for anyone who wants to enter, with a currency which only benefits the Germans, and with a financial system which is rotten in its core and totally bankrupt. But it is not just the financial system which is bankrupt because so are most major EU nations from Greece, Italy, Spain, Portugal, France, UK etc. The illustration to my article “Deus ex Machina” written in December 2011 tells the story: