The United States Is Now In A Catastrophic Default
November 15, 2013
On the heels of a global stock markets remaining on a tear, today the 42-year market veteran who correctly predicted that the Fed would not taper warned King World News that the United States is already in a “catastrophic default” situation. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.
Greyerz: “Eric, since 2008 the major central banks, the Fed, the ECB, Bank of Japan, Bank of England, and the Swiss National Bank, have increased their balance sheets by a staggering 50%….