This Terrifying Black Swan To Collapse Global Financial System
KingWorldNews.com
September 12, 2014
Today a 42-year market veteran spoke with King World News about a terrifying black swan that will collapse the entire global financial system. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview.
Greyerz: “Eric, I’m looking at the enormous risk of holding money or other assets in a bank. We know that banks were bankrupt in 2008, and since then nothing has changed. The balance sheets haven’t improved at the banks. The only thing that has happened is the banks now have the right to value toxic debt at maturity rather than at market value. We know that if they valued these toxic assets at market value, most banks would not survive….
The Rest…HERE
