Greyerz – This Terrifying Global Collapse Will Change The World For A Very Long Time
KingWorldNews.com
April 08, 2018
As we get ready to kickoff trading at the start of a new week, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the coming terrifying global collapse will change the world for a very long time.
The Precipice Of Total Breakdown
April 8 (King World News) – Egon von Greyerz: “As the world is standing on the precipice of a total breakdown, an obvious question is: ‘Where is the money coming from to save the world from perdition?’ The same question was asked to Maharishi Mahesh Yogi in the 1970s when he was starting a global spiritual project. Maharishi was the founder of Transcendental Meditation and known as the Guru of groups like the Beatles and Beach Boys. When asked ‘Where is the money coming from?’ he replied ‘from wherever it is now.’…
Egon von Greyerz continues: “That principle would work well in a system of sound money. Money would flow to sound investments and causes. But the financial system has not been based on sound money for a long time. Instead we have false money – money which is fabricated by central banks and commercial banks. This money has zero value and is backed by nothing, zilch, nada! So governments and individuals have spent money that doesn’t exist. This is why the world is sitting on a debt mountain including derivatives of around $2.5 Quadrillion.
Total Global Breakdown
The world is now facing the risk of a total breakdown of the global economy and the financial system as I outlined in my KWN article last week. The article covers the reasons for the monumental change the world will soon experience.
The Rest…HERE
