Greyerz – The Eve Of The Biggest Financial Crisis In History…”We have now had one of the longest artificial booms in history, so next is a bust that will totally change the world for a very long period.”…(Go To Page 2)

Monday, July 10, 2017
By Paul Martin

KingWorldNews.com
July 10, 2017

Today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about the bust that will change the world as central banks will be totally powerless to stop the biggest financial crisis in history.

Egon von Greyerz: “Lethargic summer markets tend to instill a sense of false security. Stocks and property are near all-time highs, interest rates are at 72 year lows and most investors feel richer than ever. Central banks signal strong economies with indications of higher interest rates and tapering of their balance sheets…

Egon von Greyerz continues: “As I discussed in last week’s KWN interview, we must never trust central banks since they are always hopelessly wrong. Sweden is another example of a central bank which has an appalling record in forecasting the economy. And it is not just any bank, since I am talking about the oldest central bank in the world – Sweden’s Riksbank which was established in 1668. But age clearly means nothing when it comes to understanding markets and the economy. Below we see the Riksbank’s forecasting record for the Swedish Repo rate. It is just an appalling record which shows that during the last 7 years they have been hopelessly wrong. Several times a year since 2011 they have forecast increases of 1-2% and every year since then, rates have gone lower. In all they have made 25 incorrect forecasts since 2011. Hopefully their record since 1668 has been more accurate.

The Rest…HERE

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