Greyerz – Get Prepared, A Massive Global Collapse Is Coming

Sunday, March 26, 2017
By Paul Martin
March 26, 2017

With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that a massive global collapse is coming.

Things Are Already Imploding
Egon von Greyerz: “The U.S. owes the world 453,000 tonnes of gold, which is 3x all of the gold ever produced in history…

Propaganda And Outright Lies
While market observers worry about what the Fed will do next or the health bill, nobody sees that the United States is on the way to total ruin because they have been running budget deficits for over half a century and trade deficits for over 40 years. It seems that the US economy is walking on water, and this opinion is fueled daily by seasoned commentators like Ambrose Evans-Pritchard in the UK Telegraph. In a recent article, he uses selective data to prove that “The American strategic decline is a myth.” So here is another journalist who falls for manipulated statistics and focuses on the wrong things. For example, it is definitely not a proof of a strong economy that the Americans buy an enormous number of new cars which they don’t need. Especially since they do it with subsidized credit, leading to massive bad debts that will never be repaid. Nor are the deficits, falling wages, 23% real unemployment and falling real GDP.

There is only one reason why the US could live above its means for over 50 years and that is because the dollar is the world’s reserve currency. But how can the world trust a reserve currency which is based on unlimited debt creation and money printing. Since Nixon abolished the gold backing of the dollar on August 15, 1971, the US currency has had a precipitous fall. Measured in Swiss Franc, for example, the dollar is down 77% since 1971. And against the only money which has survived in history and money which represents stable purchasing power, gold, the dollar is down 80%.

The Rest…HERE

One Response to “Greyerz – Get Prepared, A Massive Global Collapse Is Coming”

  1. Robert Edward Lee

    Get a job boy … and stop crying wolf. The housing market has to crash before an economic recovery can happen, so don’t claim you were right when it does. You’re a snake oil selling punk that’s claiming “a storm’s coming,” so when it finally does you’ll be able to say “I told you !”

    Now beat it … and take your wagon of fake remedies with you …


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