Governments Will Start Panicking As Chaos & Crisis Accelerates
October 9, 2013
With continued uncertainty in global markets, today the 42-year market veteran who correctly predicted that the Fed would not taper is now warning King World News that governments will start panicking as the chaos and crisis accelerates. He also discussed what all of this means for key markets such as gold and silver. Below is what Egon von Greyerz, founder of Matterhorn Asset Management out of Switzerland, had to say in his interview.
Greyerz: “The outcome (of all of this) will be more debt, more printed money, and more misery for the masses. Remember that US debt was $10 trillion in 2008 when the crisis began and now it’s $17 trillion. And the Fed’s balance sheet was $900 billion in 2008 — it’s now at $3.6 trillion….