kingworldnews.com / December 30, 2012
In this second portion of his remarkable interview, today John Mauldin told King World News we are once again headed for a financial crisis in 2013. Mauldin, who is President of Millennium Wave Securities, laid out exactly what will cause the crisis to erupt in 2013 so that KWN readers globally can prepare.
Eric King: “John, we’ve been in this ongoing sort of rolling financial crisis that flares up from time to time, but inside of this Japan is going to be recognized as the basket case it really is. It’s a little bit frightening because of some of the problems we’ve already been seeing. How bad will this be as this starts to unfold for the financial markets globally?”
Mauldin: “It’s going to be very difficult because unlike Greece, Japan makes a difference. Japan’s banks fund a lot of Asia. The money that’s been flowing into Japan for the last decade, but especially the last few years, is now going to have to figure out how to get out….