Monday, October 28, 2013

Guerrilla Economist: All Western banks are defaulting right now

On Oct. 28, economist and former head trader for the Royal Bank of Scotland (RBS) issued a update on the state of the global financial system in which he declared that that every country is in a currency war frenzy, and that all institutions in the Western banking system are defaulting right now.

"What I am now going to state is going to shock you, the reason that every one in the west in involved in currency debasement/ currency manipulation is this: THE ENTIRE WESTERN BANKING SYSTEM IS DEFAULTING!!!! Yes you read that correctly, the west can no longer pay the piper and now they are going to debase their currencies in order to walk away form their debt obligations, making it easier for them to pay off their debt..."



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