The World Is Hanging By A Thread, On A Frightening Road To Perdition
KingWorldNews.com
September 04, 2016
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that the world is now hanging by a thread, on a frightening road to perdition.
Egon von Greyerz: “Since Reagan came to power in 1981, the US has had a total of five presidents who in their desire to hold on to power, have spent ever-increasing amounts of money to hang on to power and buy votes. This has resulted in the most extraordinary money printing venture in history. It is not just central banks that print money…
Egon von Greyerz continues: “Governments that borrow vast amounts of money are also performing a printing function since money is created out of thin air. And even worse than that, the US government neither has the intention, nor the ability to ever repay the debt with real money. Thus the US debt can only evaporate when the country defaults. Since there is no other way of eradicating this debt, a default by the US is guaranteed to take place in coming years.
The Rest…HERE
