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Greyerz - The Price Of Gold Is About To Skyrocket As We Enter The "Dark Years"

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Greyerz – The Price Of Gold Is About To Skyrocket As We Enter The "Dark Years"

August 26, 2018

Greyerz ?This is it! The autumn of 2018 will be momentous in the world economy, markets and politics. We are now seeing the 'Last Hurrah' for stocks, bonds, the dollar and most asset markets.

The world economy has been living on borrowed time since the 2006-9 crisis. The financial system should have collapsed at that time. But the massive life support that central banks orchestrated managed to keep the dying patient alive for another decade. Lowering interest rates to zero or negative and printing enough money to double global debt seems to have solved the problem. But rather than saving the world from an economic collapse, the growth of debt and asset bubbles have created a system with exponentially higher risk…

Listen to the greatest Egon von Greyerz audio interview ever
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Listen to the greatest Egon von Greyerz audio interview ever
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Egon von Greyerz continues:  "So here we are on the "Eve of Destruction" when the fake measures that governments and central banks have taken have not saved the world, as the Keynesians believe, but instead created an even bigger bubble that is now about to burst. Curing a sick world by the same means that created the disease in the first place was always bound to fail.

Global problems of the magnitude that the world will experience in coming years normally start in the periphery. We are seeing multiple examples of local wildfires that will soon spread to the core of the world economy.


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