Greyerz – London’s Terrifying $64 Trillion Rabbit Hole In A World Headed For Total Collapse
KingWorldNews.com
April 02, 2017
With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about London’s terrifying $64 trillion rabbit hole in a world headed for total collapse.
“What if I should fall right through the center of the earth…oh, and come out the other side,
where people walk upside down.” — Alice in Wonderland
No One Will Escape
Egon von Greyerz: “As we approach the beginning of the greatest wealth destruction in history, it is an absolute certainty that no one will escape the suffering that will be brought upon the world…
The ones who will suffer the least financially are of course the poorest since they have very little to lose. At the same time, many of the poor will die of famine and disease. The middle class will also suffer since many will lose their jobs. They will also lose their pensions because pension funds will become insolvent. Also, there will be no social security since governments will run out of money.
In financial terms, the wealthy will lose the most since virtually all the assets they own will go down by at least 90% in real terms. This includes stocks, bonds and property. In addition, a lot of trophy assets like art and collectible cars will collapse in price. The holders of productive, real assets like agricultural land will fare a lot better. The holders of physical precious metals such as gold and silver will also do extremely well as long as they are held outside the financial system.
The Rest…HERE
