The Move To Global Hyperinflation Is Now Accelerating
May 14, 2013
Today Egon von Greyerz told King World News there are extremely clear signs that the move to global hyperinflation is now accelerating. Greyerz had some incredible economic numbers that illustrated the coming hyperinflation. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview.
Greyerz: “Eric, I’m looking at the disconnect in the world and it’s becoming more exacerbated. Let’s look at some examples: Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits.
The Baltic Dry Index is around 900, and is another indicator of the disconnect. The peak of the Baltic Dry Index was around 11,000 about 5 years ago. This shows you what is really happening with global trade and economic activity….