THE WORLD IS HEADING TOWARDS A HISTORIC DISASTER, BITCOIN HALTS TRADING, RUSSIA BANS BITCOINS, AND PEOPLE WILL BE TERRIFIED WHEN THE S*^T HITS THE FAN. (VIDEO)

Posted: February 11, 2014 in Uncategorized
Tags: , , , , , , , , , , , ,

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SCROLL DOWN FOR NEWS LINKS AND VIDEO: More economic news and updates on the situation that the global economy is in. Connect the dots and you will begin to see a pattern being played out. Do what you can to make sure that your financial assets are protected. The road looks very bumpy ahead for our econmoy and other nations suffering the same fate.

KING WORLD NEWS: On the heels of another wild trading week, today a 42-year market veteran warned King World News that the world is now hurtling toward a historic catastrphe.  Below is the powerful interview with Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.

Greyerz:  “Eric, the US is cutting down on QE, which is deflationary.  But I think the US will come out with additional stimulus this year.  If you look at what is going on in Japan, they are doing all they can to inflate, but they are not succeeding….

Continue reading the Egon von Greyerz interview below… READ MORE: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/9_The_World_Is_Hurtling_Toward_A_Historic_Catastrophe.html

CNBC: Virtual currency bitcoin lost nearly twenty percent of its value on Thursday evening, after major exchange Mt Gox halted withdrawals to try to resolve ongoing technical issues.

The digital currency — which is known for its wild price fluctuations — was trading at $680.52 on Friday morning, having traded around $850 for most of the week, according to CoinDesk, which tracks the price of bitcoin.

Mt Gox told customers that in a effort to resolve an issue with withdrawals, the system needed to be in a static state READ MORE: http://www.cnbc.com/id/101398515

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FOXNEWS: If you’re going to the Sochi Olympics in Russia, don’t bring bitcoins. Yesterday the Russian Prosecutor General’s office released a statement that clearly prohibits Russians from using the new digital currency.

“Bitcoin is a money substitute and cannot be used by citizens and legal entities,” the agency’s press release reads.

The Russian law enforcement agency cited an existing 2002 law signed by Russian President Vladimir Putin that reads, “the official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited.”

But supporters of bitcoin — a virtual currency unconnected to any country that has no physical form in paper or coin — say the Russian ban will only hurt Russian entrepreneurs and consumers READ MORE: http://www.foxnews.com/tech/2014/02/07/russia-bans-bitcoin/

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KING WORLD NEWS:  With oil breaking over $100, gold and silver surging and stocks struggling, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, warned King World News that people are going to be “even more terrified when the sh*t hits the fan this time.” John Embry also discussed the implications of the coming chaos for investors around the world in his powerful KWN interview.

Embry: “What I’m looking at now is this whole world economic situation.  The powers that be would have you believe that we are in a nascent recovery and it’s going to gain strength.  I believe there will be no recovery of any magnitude in the world economy for the simple reason that there is far too much debt….

Continue reading the John Embry interview below… READ MORE :http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/10_Embry_-_People_Will_Be_Terrified_When_The_Sh_t_Hits_The_Fan.html

GREAT VIDEO ON RUSSIA BITCOIN BAN

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