ALERT: Legend Warns A Day Of Reckoning Is Coming And The Global Collapse Will Be Absolutely Terrifying
KingWorldNews.com
April 24, 2016
After a wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned a day or reckoning is coming and the global collapse will be absolutely terrifying.
Egon von Greyerz: “Investors around the world are blissfully ignorant of what will hit them in the coming months and years. Virtually no one understands the risks in the world, and less than 0.5% of investors have protected themselves against the destruction of their financial assets…
Egon von Greyerz continues: “It is of course wonderful to live in Shangri-La and be totally seduced by governments magnificent injection of credit and printed money, which creates eternal happiness and wealth. Many of us live in fantasyland where it is irrelevant if you work or not. If there is not enough money, your government will issue food stamps, rent subsidies or help you to buy the latest car on credit. And if the government runs out of money, it can always print some more. There is no limit to how many quadrillions the printing presses or the computers can manufacture. This is the wonderful Keynesian virtuous circle of unlimited deficit spending and debt. And just like in Shangri-La, this goes on forever — at least this is what Krugman and the central bankers believe.
The Rest…HERE
