Bankrupt World Now Headed Into Frightening Chaos
August 16, 2013
With stocks plunging this week as gold and silver rallied substantially, today Egon von Greyerz warned King World News that a bankrupt world is now headed into a period of frightening chaos. Greyerz also warned that banks and governments will not survive what is coming. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview.
Greyerz: “Eric, I’ve been thinking about the end game. The conclusion I have come to is that this will go on for a long period of time because there won’t be a conventional end to the coming chaos. These are absolutely historic and unprecedented times. We have never, ever had a situation in history where most major nations are bankrupt.
Nations are also continuing to run massive deficits, and increasing their debts now exponentially with no solutions in sight. At the same time, we have a financial system which is also bankrupt….