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« AngloGold Ashanti climbing its mountain of debt | Main | Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever »

Paul Volcker And The Ultimate Threat To The Global Ponzi Scheme

John Embry

As we kick off what promises to be another wild trading week, today a 50-year market veteran spoke with King World News about everything from Paul Volcker and the tumultuous 1980s as well as the ultimate threat to the global Ponzi scheme.


John Embry:  “This morning things remain in the metals markets remain in lockdown.  The U.S. stock market is giving every indication of wanting to break down, and given its technical condition, lack of volume, overvaluation and deteriorating fundamentals it should break down.  However, the Plunge Protection Team, which has been around since the 1987 Crash, has been working overtime virtually every day to prevent the market from coming unraveled….

To continue reading the John Embry interview please click here


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