Collapse Accelerates – Worldwide Panic Increases As Historic Super-Bubbles Burst

U.S. stocks extend their fall

financial-bubleAs the Chinese stock market plunged over 7 percent before trading was halted for the second time this week, today a 50-year market veteran warned King World News that the global collapse is accelerating as worldwide panic increases and historic super-bubbles begin to burst.

John Embry: “I found it very interesting that the opening day of trading in 2016 was the worst since 1932, and as you recall, Eric, that year didn’t work out too well. Ironically, despite all the bullish predictions from the Wall Street crowd, things are materially worse today than the lead-up to the Great Depression of the 1930s…

“Because of the use of derivatives and other dangerous financial instruments, the leverage in the system today dwarfs anything seen in the late 1920s. Thus there is an ongoing manic attempt by governments and their central banks to keep things afloat because they know better than anyone what chaos looms. read more

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