Greyerz – $33,750 Gold And $575 Silver Will Pale In Comparison To These Frightening Events
KingWorldNews.com
April 01, 2018
As we get ready to kickoff trading at the start of a new week, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that $33,750 gold and $575 silver will pale in comparison to these frightening events.
A Brief History Of A Broken World
April 1 (King World News) – Egon von Greyerz: “Between today and 2025, the world will be a very different place. We can learn nothing about the next 4 to 7 years from government, central bank or media propaganda as they neither understand what will happen nor tell the truth. But we can learn a lot from history. Most people rely on the internet for information or news but most of it is either indigestible, misleading, fake or just too overwhelming to comprehend…
Egon von Greyerz continues: “For many years I have warned people about the coming risks and changes that the world will experience. Very few people are aware of these risks and even fewer understand them. I will make an attempt to summarise what I see coming.
1. DEBTS AND DERIVATIVES
- Total debts and derivatives in the world amount to $2.5 – $3.5 quadrillion. This is 35-50-times global GDP. The majority of this enormous amount is off-balance sheet derivatives. These derivatives are backed by nothing and when counterparty fails, they will implode and become worthless. And that is guaranteed to happen. Also, most of global debt totaling $250 trillion will default as asset prices implode and interest rates explode.
The Rest…HERE
