“So who’s going to buy it? Who in their right mind would be buying bonds with a negative yield? It’s just so preposterous. And all of the sudden if the bond buyer is not there — we used to think it was so great that China would buy our bonds. They don’t buy our bonds (anymore). Russia used to buy our bonds — they (now) sell our bonds.
The only entities buying the bonds are the central banks. Well, you take the central bank out of it and there’s no bid. That’s why I use the phrase, ‘I hope we are not right one day,’ that all of the sudden it (the entire global financial system) just collapses."
Today billionaire Eric Sprott warned King World News that the entire global financial system is now facing the greatest danger in history. He then issued the most dire prediction of 2015.
Eric King: “We had (the stock market collapse) of 2001 – 2003. Then we had (the more intense collapse of) 2007, 2008, 2009. The next one (collapse) is going to be worse because that’s just how these cycles progress. As you know, they (seizures in the global financial system) get more violent and the collapses become more and more intense. People couldn’t imagine it would get worse than 2001 – 2003, and yet we had 2007 – 2009. This one that’s in front of us, I’m assuming it's going to be the mother of all collapses.”
