Legend Makes A Terrifying Prediction Plus A Chart That Will Blow Your Mind!

Sunday, May 22, 2016
By Paul Martin

KingWorldNews.com
May 22, 2016

On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, made a terrifying prediction and he included a chart that will blow your mind!

Egon von Greyerz: “In a world full of bubbles that are all destined to burst, it is impossible to forecast which will be the first ones to unleash havoc on the world economy. But one of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market that has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006 – 2009 crisis…

Egon von Greyerz continues: “Desperate governments are raising money as if there is no tomorrow in the hope that they can keep the world afloat for another few years. But as I have stressed so many times, you can create neither economic stability nor wealth by printing money or increasing the debt burden.

Under normal conditions governments would be totally insolvent with the high levels of debt they are raising. But Japan solved that problem over 20 years ago by setting rates at zero. That trend has accelerated in the last couple of years and there are now around $8 trillion of government bonds with negative yield around the world. But governments never have a problem paying the interest since they will just issue more debt to pay it.

The Rest…HERE

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