How To Survive The Coming Financial Chaos In The US
October 19, 2013
On the heels of some wild trading action last week, today the 42-year market veteran who correctly predicted that the Fed would not taper spoke with King World News about what people will need to do in order to survive the coming financial chaos in the United States. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this fascinating interview.
Greyerz: “The US is continuing with their grand charade and ignoring the debt limit. So, now there is no debt limit — not that there ever was one. It’s just an illusion because the only thing the US politicians can agree on, and have agreed on for over 100 years, is to spend more money. But since there is no money to spend it has to be printed out of thin air.
So now, for the next three months, there seems to be a free-for-all, and then the American people and the world have to go through this same farce again. But as the US stock market continues its irrational euphoria, the rest of the world has made its verdict regarding the problems in the United States. And the rest of the world doesn’t like what it sees….