Today a 40-year market veteran sent King World News an incredibly important piece that warns the world is about to enter a period of immense
financial destruction and social disorder. This piece exclusively for
KWN also discusses why the financial destruction and social disorder
will engulf the entire world.
By Robert Fitzwilson of The Portola Group
February 23 (King World News) – After much
speculation, we now know the outcome of the negotiations between the EU
and Greece. The two sides agreed to extend the status
quo for another four months in exchange for promises including
“flexible labor laws” and “rooting out corruption”. If you had to design
a phony conclusion for the meetings, this one could not be any better. A
government elected to end austerity agrees to vague promises in exchange for no money and a continuation of the austerity.
Elevator Shaft Of Wealth Destruction
It should not be a surprise to anyone other than
the Greek people. Another election and another set of politicians
promising to do the impossible. Even if the Greek officials had good
intentions, there was no possibility of a scenario whereby the debt went
unpaid, more money came in and austerity was lifted. Default and a Greek exit are virtually certain. The austerity
under which the Greek people are suffering is going to seem modest
compared to the elevator shaft of wealth destruction that awaits the
general population….
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