Egon von Greyerz Warns The World Is Now On The Edge Of Total Chaos And Disaster
KingWorldNews.com
May 01, 2016
On the heels of 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 that the world is now on the edge of total chaos and disaster. He also discussed the historic opportunity in the gold and silver markets.
Egon von Greyerz: “We know that central banks and governments have lost the plot. When the crisis started in 2006, US short rates were 5%. In 2008 they were down to zero and have virtually stayed there ever since. A crisis package of $25 trillion was thrown at the financial system. This is what the likes of JP Morgan and Goldman told the Fed they had to do to save the bank(-ers).
Ten years later the world financial system is in a mess that is exponentially increasing. World debt has exploded, most governments are running deficits and the financial system is balancing dangerously on the edge of a precipice. $8 trillion of government debt is now negative and $16 trillion is below 1%…
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