Tragedy, Panic & The Greatest Short Squeeze In History
April 14, 2013
Today Egon von Greyerz told King World News that within months, as more fires start to burn in the financial system, the world will see a massive and stunning coordinated global rescue package and one of the greatest short squeezes in history. Greyerz also said all of the major countries will participate. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview.
Greyerz: “Eric, this is a time when investors should really be concerned, and not because of the current correction in the gold price. What we are facing is an unprecedented situation with most sovereign states being bankrupt, and the banking system also being bankrupt.
But at the same time stock markets are at a high, and so many investors are happy. They are being led into having a false sense of security because they don’t understand that it’s the printed money that’s creating another asset bubble in the stock market.
Printed money is looking for a home and the stock market is the most obvious one. This asset bubble will lead to a disaster. The stock market is headed for a major long-term decline that will begin in 2013….