Greyerz – The Financial Doomsday Clock Is Close To Midnight

Tuesday, September 19, 2017
By Paul Martin
September 18, 2017

Today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News that the financial doomsday clock is close to midnight.

Everything Is At Risk
August 18 (King World News) – Egon von Greyerz: “There are probabilities in markets and there are certainties. It is very probable that investors will lose a major part of their assets held in stocks, bonds and property over the next 5-7 years. It is also probable that they will lose most of their money held in banks, either by bank failure or currency debasement…

What is not probable, but absolutely certain, is that investors who buy the new Austrian 100-year bond yielding 2.1% are going to lose all their money. Who actually buys these bonds? No individual investing his own money would ever buy a 100-year paper yielding 2% at a historical top of bond markets.

The Rest…HERE

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