Greyerz – A World On The Cusp Of A Crisis
KingWorldNews.com
October 07, 2018
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, warned King World News that we live in a world on the cusp of a major crisis.
The Coming Fate
October 7 (King World News) – Egon von Greyerz: “The end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is now approaching, denial is at its peak. We can probably figure out how it will end but not quite when. Looking at the facts, the beginning of the end is here. The signs are clear. Here we have a country that for the last 27 years has doubled debt every eight years and the trend continues unabated. This is a country that for decades has been living above its means by borrowing seemingly unlimited amounts of money. Well, it is not a Banana Republic, nor Argentina or Venezuela, but the biggest economy in the world – the USA.
The US economy is just like Humpty Dumpty — big, fat and unlikely to recover from the coming fall for a very long time.
The road to perdition normally takes many turns. But not in the case of the US. This has been a straight road to what will be the most spectacular fall in economic history. Since 1960, US debt has increased every single year without fail. There are some who are under the illusion that the debt went down in the 1990s due to surpluses in the Clinton years. But these were fake surpluses and the debt also continued to rise during that period.
The Rest…HERE
