Egon von Greyerz Is Right, We Are In For Massive Chaos And Financial Destruction
KingWorldNews.com
June 18, 2018
With the Dow breaking back below 25,000, one of the greats in the business said Egon von Greyerz is right, we are in for massive chaos and financial destruction.
June 18 (King World News) – Eric King: “John, we were talking about Egon von Greyerz prior to this interview. Some of Egon’s writings are very dire in terms of the forecasts. What are your thoughts on Egon’s views?”
John Embry: “I’m sorry to say but I think he’s on track. This is an unprecedented time in history. And the fact is that the world population has grown from 1.2 billion in 1850 to well over 7 billion today. And there are 65 million people that have been displaced, who are on the move around the world. That’s almost twice the population of Canada. So we are starting to see the impact of this…
John Embry continues: “Egon is a long-term thinker and he knows we are living through a cycle which has never been seen before in human history in terms of the sheer magnitude of the madness. And it has been fueled by unprecedented money creation. This has pumped up stock, bond and real estate prices to levels that have no bearing to the underlying fundamentals. And nothing grows to the sky, which is why Egon is constantly highlighting the enormous number of parabolas. We have a parabola in population and in many markets and market prices, and every parabola I’ve ever looked at comes crashing down the other side. That’s part of Egon’s rationale and I completely agree with him.
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