The American Empire in a Changing World


Friday, June 22, 2012

Greyerz - ''We Are Headed For Panic As Global Markets Tumble''

From King World News

''So they are also printing money in the UK.  Virtually every single country and government is under pressure, and one way or another they are all printing money and will continue to do so.

The printing will continue because the risk to the financial system at this time is enormous.  Cross-border lending in Europe has collapsed 40% since 2007.  This means that none of the banks are getting any financing.  Lending has stopped in Europe.  The banks will not survive for very long in their present condition.''

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