Man Who Predicted The Global Collapse Just Warned There Is One Last Chance To Save Your Wealth
KingWorldNews.com
April 12, 2020
Today the man who predicted the global collapse warned King World News there is one last chance to save your wealth.
US & EU On The Road To Bankruptcy
April 12 (King World News) – Egon von Greyerz: Most people don’t understand the cause of hyperinflation. Many argue that we can’t get hyperinflation since most asset prices are now under pressure and there is no demand led inflation as most people currently have very little money.
What few people understand is that hyperinflation is a currency driven event. It doesn’t arise as a result of prices going up. Instead hyperinflation comes from the value of the currency imploding. In every case of hyperinflation in history, it is the collapse of the currency that is the cause. So what leads to the currency collapsing. Well, exactly what is happening now around the world, namely unlimited money printing and credit creation. Led by the Fed and the ECB, the whole world is now extending trillions in loans, subsidies and guarantees to companies and individuals. Government deficits are now surging as tax revenues collapse and expenditures increase rapidly. So governments will also need to print money to finance their galloping deficits. The inevitable outcome will be bankruptcy although few nations will admit it.
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