Here Is The Frightening Reality The West Faces Going Forward
August 4, 2013
With continued uncertainty in key global markets, today Egon von Greyerz spoke with King World News about the frightening reality of what the Western world faces. Geryerz also discussed gold, silver, and what investors can do to protect themselves. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful and exclusive interview.
Greyerz: “Eric, I’ve been looking at the reserve currency status of various countries over the last few hundred years, and if you look back to the early 1400s we’ve had six countries which have had a reserve currency status. If we start with Portugal, then Spain, the Netherlands, France, Britain, and now the US, as I said, they have all had reserve currencies at one point or another.
They have also had colonies, and stolen from the colonies. In the cases of Portugal and Spain, they stole a lot of gold from South America which they lived very well on for quite some time….