Greyerz – This Is About To Have A Catastrophic Global Impact On The Financial System

Monday, October 2, 2017
By Paul Martin

KingWorldNews.com
October 01, 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 what is about to have a catastrophic impact on the financial system.

Catastrophic Global Impact
Egon von Greyerz: “Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. I am discussing 10 Reasons Why Gold Will Surge later in this piece.

Markets are expressing no fear and seem very comfortable at or near all-time tops. There is no concern that stocks are massively overvalued or that bond rates are at historical lows and only have one way to go. Nor is anyone worried that house prices are at levels which most people can’t afford. Money printing and interest rate manipulation has created such cheap financing that most people don’t look at the price of the property but only at the financing costs. In many European countries, mortgages are around 1%. At that level the monthly cost is negligible for many people. Neither the banks nor the borrowers worry about interest rates going back to the teens as in the 1970s…

The Rest…HERE

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