Those are the words of John Embry, Chief Investment Strategist for Sprott Asset Management and a financial veteran who has worked in the investment industry for 50 years. And, he actually didn’t say just ‘Financial Holocaust’. No, he actually said this:
“We will now see historic and catastrophic wealth destruction. It’s going to be something to behold, and investors who want to survive this financial holocaust had better be properly positioned.”
As of this month, we are already seeing cracks in the facade that the Federal Reserve has erected for us. The question in my mind is when this financial facade will finally come crashing down.
If you know a bit about the history of finance and investment, you know that two of the worst months are September and October. The question is whether the financial system will survive the next ten weeks.
It might. It might not. It all depends on the TPTB – The Powers That Be. THEY have a plan, and THEY will crash the system when they are ready. But, John Embry also said this:
“I’ve thought for a long time that this thing was going to ignite in the latter part of the year, and I think the fuse has now been lit. There is a lot of power on the other side, and they have thrown everything but the kitchen sink at the gold and silver markets, but I firmly believe that they are running short on ammunition.”
Of course, THEY may just plan to milk the system for as long as possible and let the crash happen when it happens – que sera sera. Remember that THEY already have a vast fortune. THEY just want more, and you have what THEY want.
Are you ready for them to take what you have?
Are you ready for this?
Here’s the article from the King World News Blog:
World To Witness A Frightening & Historic Financial Holocaust
On the heels of gold and silver surging strongly on continued short covering, today a man who has been involved in the financial markets for 50 years stunned King World News when he warned that investors are now going to see a what he described as a “financial holocaust” that will result in the greatest transfer of wealth in human history. He also urged investors to get themselves properly positioned ahead of what will be a frightening and historic destruction of capital. This is without question one of John Embry’s most powerful interviews ever.
Embry: “I’ve thought for a long time that this thing was going to ignite in the latter part of the year, and I think the fuse has now been lit. There is a lot of power on the other side, and they have thrown everything but the kitchen sink at the gold and silver markets, but I firmly believe that they are running short on ammunition.
I would describe what has happened here as catastrophic for the central planners. It feels to me right now like they (central planners) are finally capitulating. They gambled and went ‘all-in’ in an attempt to break the spirit of gold and silver investors around the world….
Read the rest of the article, here: