Greyerz – We Are Headed Right Into A Global Financial Crash
August 10, 2012
Today Egon von Greyerz told King World News, “Wealth has never been created by printing money, and this time, like it has before, it will lead to a financial crash.” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “This time the financial crash will be of a worldwide magnitude.”
Here is what Greyerz had to say: “The die is already cast for the world’s current situation. It was cast many years ago and it is irreversible. This is exactly why investors need to take a look at the big picture and protect their wealth. But focusing on the short-term for a moment, markets look poised for a big move over the next few months here.”
Egon von Greyerz continues:
“This move will include gold, silver and the HUI. The fact that this move is in front of us simply means that more money printing is on the way at any time in the next few weeks. I also expect global stock markets to top later this year, and then they should go through a precipitous decline.
We should note that right now Japan has the biggest debt to GDP of any country, over 200%….