THIS IS TERRIFYING: Will All Of Your Money Be Wiped Out In The Blink Of An Eye?…”a world with Fake markets, Fake assets, Fake values, Fake money, Fake people and Fake news.”

Sunday, July 16, 2017
By Paul Martin
July 16, 2017

Today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News about a total recipe for disaster that will make people’s life savings disappear in the blink of an eye.

Egon von Greyerz: “It is not only paper gold which is Fake. Few investors realise that most of their investments are Fake…

Egon von Greyerz continues: “Fake news and Fake assets are everywhere. Let’s start with social media which dominates major parts of the world. Facebook, for example, has 2 billion active users. WhatsApp has 1.2 billion users and Instagram 700 million. There will obviously be quite a lot of overlap between the various social media. But what it is clear that these three apps reach billions of people and their power is much bigger than that of any other media; Social Media has more impact than newspapers or television and is the only media that 2-3 billion people follow regularly. Most people, and in particular young people, don’t watch television and don’t read the papers. They get all of their “news” from social media.

Social media is instant gratification. You post something or you send a message and you get a message back or a number of likes which generates dopamine and makes you momentarily happy. But as I have experienced from our many grandchildren, social media is a perfect source of Fake news. Many young people using social media will be receivers of Fake News or bullying. Social media is perfect for spreading false rumors which are very often difficult to get rid of. Trump’s Twitter account is another example of alleged Fake News. Trump accuses the papers and television of Fake News and they accuse him of the same. This is the world we live in today – a world with Fake markets, Fake assets, Fake values, Fake money, Fake people and Fake news.

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