The Next Wave Of Massive Wealth Destruction Is Imminent
November 8, 2013
On the heels of a smash in the gold and silver markets, today the 42-year market veteran who correctly predicted that the Fed would not taper warned King World News that that the next wave of massive wealth destruction is now imminent. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.
Greyerz: “As stock markets are booming, fueled by unprecedented liquidity, the financial system is under more pressure than ever. A couple of your recent guests have been talking about the Fed’s balance sheet, and the fact that it’s leveraged 70 times….