Legend Warns The Coming Crisis Will Be Totally Devastating For The World Economy And Humanity

Tuesday, May 31, 2016
By Paul Martin

KingWorldNews.com
May 31, 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, warned that the coming crisis will be totally devastating for the world economy and humanity.

Egon von Greyerz: “Most of us believe that the era we live in is totally normal. This is the case whether you live in a war zone or in “Shangri-La.” It is the same with the economy. Everybody in the West today believes that stocks always go up and that property values grow to the sky and that government bonds are the safest investment you can own. These strong markets have been the norm for the average investor for the last 100 years. Everything they touch has gone up and any down move is only a correction…

Egon von Greyerz continues: “And so far investors have been right to stay in the market. Anyone who sat on a diversified portfolio of stocks, property and some bonds has made a massive fortune in the last hundred years. Very few skills in picking the investments were required. It was enough to buy high quality investments and just sit on them. Yes, there have been scary moments, such as anyone who bought stocks when the Dow was at 400 in 1929.

The Rest…HERE

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