Man Asked To Speak To Chinese Officials Warns West Desperately Maneuvering Ahead Of Chaos, Disarray And Outright War

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Man Asked To Speak To Chinese Officials Warns West Desperately Maneuvering Ahead Of Chaos, Disarray And Outright War

Today a legend who was recently asked by the Chinese government to give a speech to a large number of government officials in China warned King World News that the West is now desperately maneuvering ahead of major global turoil. John Ing, who has been in the business for 43 years, also warned about chaos, disarray and outright war.

Eric King: “Eric Sprott told KWN today that things are already blowing up in the derivatives market but it is being hidden from the public.”

John Ing: “There is no question that there are other shoes to drop. The banking sector is heavily exposed through derivatives to so many volatile markets.

“Banks also have huge exposure through derivatives and direct loans to the oil sector and we already know the price of oil has recently collapsed.

Oil companies and the loans to these companies are already under water and we don’t know what type of chaos is going on underneath the surface in the opaque derivatives arena.

Chaos, Disarray And Outright War

I would also add that it’s no longer just a currency war — instead it’s outright war. The central banks have exhausted all of their tools, including quantitative easing. This is why depreciating the currencies is the last move.

Meanwhile, the troika has drawn a red line with the Greeks and Greece has already crossed it. Now the question is: What happens? Well, if Greece walks it challenges the entire structure of the European Union. This would mean complete chaos and disarray.

A Greek default would send shockwaves through Europe’s already beleaguered banking system. And this is at a time when we already have bank runs going on in Greece. What happens if this erupts in the rest of the European banking system?…more here

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