Man Who Predicted Collapse Of Euro Against Swiss Franc Now Warns Huge Shock Will Bring The World To Its Knees
KingWorldNews.com
January 22, 2017
On the heels of Trump’s inauguration as the 45th president of the United States, today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News he is inheriting a nation and a world that is now standing at the edge of a precipice.
The Great Secret Of This Century
Egon von Greyerz: “The new US Administration has taken over with the conviction that they will “make America great again.” I really hope they will succeed because a strong US would be good for the world. Sadly, the odds of achieving that admirable objective are totally stacked against them. At the end of the next 4 years there is a risk that this Administration will be more hated than any government since Carter and probably even more hated than Carter.
The coming unhappiness with Trump and his team will not arise because of the actions they take. They will clearly do everything in their might to make America great again. But the probabilities are totally against them to achieve this goal. They are taking over power at a time when debt has grown exponentially since the 1970s. They are also assuming power of a country that has not achieved a proper budget surplus for well over half a century. Even worse, the US has not had a positive trade balance since the early 1970s. So here we have a country that has been living above its means for decades and has no real chance of changing this vicious cycle…
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