Greyerz – The Biggest Crisis The World Has Ever Faced And The Silver Breakout
KingWorldNews.com
September 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 biggest crisis the world has ever faced and the silver breakout.
“Risk involves the chance an investment’s actual return will differ from the expected return. Risk
includes the possibility of losing some or all of the original investment.” — (Investopedia)
Everything Is At Risk
Egon von Greyerz: “So there we have it. Risk means that you can lose part or all of the investment. Normally valuations take risk into account. But is the world really valuing the following risks accurately:
Wars:
North Korea – South Korea – USA – Japan – China – Russia incl. nuclear war
Ukraine – USA – Russia
Syria – Israel – USA – ISIS – Al-Qaeda – Saudi Arabia, Yemen – Iran, Iraq etc
China – India – Pakistan – Afghanistan – USA
Plus many more
Civil war and terrorism:
In most countries including USA and Europe
Economic risk:
Global debt $230 trillion – can never be repaid, nor financed when rates normalized
Unfunded global liabilities $250 trillion – will never be honored
Central banks’ balance sheets $20 trillion – all insolvent
USA insolvent – only supported by overvalued dollar and military
China’s debt explosion from $2 trillion to $40 trillion since 2000 – massive bubble
Most industrialized and emerging countries only survive with QE – untenable
Interest rates at zero or below in 20 countries – unsustainable
Paper money system – currencies going to zero.
The Rest…HERE
