Collapsing Global Trade is an Ominous Sign
The World Is Now On The Edge Of Total Collapse
King World News with Egon von Greyerz
November 09 2015
As Ludwig von Mises said: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
An illusion of prosperity
Between “American Idol” and Fox News, no one will ever understand what is really happening. But sadly that is all most people in the West are exposed to. Neither ordinary people nor the better-off understand that the world is living on borrowed time. For a hundred years the world economy has lived on a lie and a corrupt financial system based on few real values but instead on printed money and a fractional-reserve banking system. The synthesis of these two elements has created a perceived prosperity unprecedented in history. Little do people understand that the false wealth and high standard of living have not been produced with honest work or investment but with printed money and credit that have created the illusion of prosperity…
Collapsing Global Trade is an Ominous Sign
A Bull – Fed On Paper Money
by Egon von Greyerz
It seems that a bull fed on paper money has eternal life. Whatever the news is, stock markets worldwide react positively. It takes a long time to kill off a secular bull even if it has the wrong diet.
Source Illustration by Karl Gelles USAToday
Central banks have no policy
Collapsing Global Trade is an Ominous Sign
THE MATTERHORN INTERVIEW – October 2015: Catherine Austin Fitts
“Taking action in your everyday life creates the change that makes a difference”
Collapsing Global Trade is an Ominous Sign
The Keiser Report, Oct 21, 2015, with Egon von Greyerz
In this 11 minute interview Max Keiser talks to Egon von Greyerz of GoldSwitzerland.com about the biggest bubble in world history. They also discuss the failed central bank policy as well as exponentially rising debt and stagnant GDP and $0.5 billion apartments and paitings. Egon also shows potenial future money in the form of 1 gram Goldseeds.
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Collapsing Global Trade is an Ominous Sign
When will the Bank Bubble Burst
by Egon von Greyerz
We just had another confirmation that banks are dealing in sums which they don’t understand themselves. A junior employee in Deutsche Bank (DB) paid $6 billion to a hedge fund which was the gross value of a position. He should have paid the net. That in a nutshell shows the uncontrollable exposure of the banking system which will lead to its downfall.
How can a junior employee in a major bank pay the incredible sum of $6B without any controls whatsoever? This is a world gone mad. Governments print trillions, banks issue derivatives in the quadrillions and banks transact in hundreds of billions every week. The zeros no longer mean anything and have no value. This is all routine stuff for the people dealing in these sums and no one has a clue about the risk or the real exposure.
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Collapsing Global Trade is an Ominous Sign
“The Matterhorn Interview – Oct 2015: Pepe Escobar”
“The Dadaist Could Not Come Up With That!”
Podcast interview: (34 mins)
On the occassion of a recent lecture that he gave in Berlin, Asia Times Online’s foreign correspondent Pepe ESCOBAR sat down with Lars Schall for Matterhorn Asset Management to discuss current top line news: how the “New Great Game“ is being played in Eurasia, Russia’s intervention in Syria and the West’s response to it.
Collapsing Global Trade is an Ominous Sign
Sensational Events Looming?
by Egon von Greyerz
In my most recent article, A Stock Market Collapse and Surge in Gold is Imminent, I discuss the excesses in the world and the effects that will have on the financial system and the stock market as well as on the gold and silver prices.
Yes, some readers might find that a forecast of $10,000 gold and $500 might sound sensational and not serious. Let me make it totally clear that it is not my intention to be sensational. No, what I am describing are just the consequences of total economic mismanagement by world governments and central banks for the last hundred years.
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Collapsing Global Trade is an Ominous Sign
A stock market collapse and surge in gold is imminent
What will be the trigger?
by Egon von Greyerz
At last we are here. It has been a long wait for gold and silver holders. For the wealth preservationists who have held gold/silver since the beginning of the 2000s, it has just been tedious since the highs in 2011. What has happened in the last four years in the world economy has confirmed the importance of capital preservation. But for precious metals investors who came in nearer the top, it has clearly been a nerve racking time.
Whenever you invested in gold or silver won’t matter in the next few years. Because we are likely to very soon start the rise of the precious metals that in all likelihood will lead to new highs by 2016 or maybe even before.
Governments are destroying the value of money
Since 2008 central banks, governments and commercial lenders have been competing in throwing cheap or free money at the world of an unprecedented magnitude. They have increased world debt in the last 7 years by almost 50% to nearer $ 220 trillion. So that is a fresh $ 70 trillion that has been created from nothing. No goods were produced, no services were provided against these $ 70 trillion. Money is supposed to be a medium of exchange and a store of value. It does act as a medium of exchange today but since governments are determined to mismanage the economy and to issue fresh money whenever they run out, it is the most useless medium of exchange imaginable.
Just in the last 100 years since the creation of the Fed, all currencies in the world have lost 97-99% of their real purchasing power. Any cash saved for the last 100 years is today virtually worthless.
Collapsing Global Trade is an Ominous Sign
World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap – King World News weekly
October 3 2015
Egon von Greyerz: Eric, the situation in the world could not be more precarious. Governments of every major economy are desperately considering how to save themselves from a disastrous debt implosion leading to massive sovereign defaults.
They have erroneously thought that all the credit creation and money printing since 2008 would have saved them and created inflation. But no, the deflationary pressures have continued everywhere. And both Germany and Japan have just confirmed how this deflationary pressure is continuing to destroy their chances of survival…”
In Volatile Markets, Is Wealth Preservation King?
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Collapsing Global Trade is an Ominous Sign
“The Matterhorn Interview – Sept/Oct 2015: Folker Hellmeyer”
“The Physical Gold Markets In The East Will Prevail”
Podcast interview: (26 mins)
Lars Schall talked for Matterhorn Asset Management with Folker Hellmeyer, one of Germany’s most outspoken senior bankers. Hellmeyer points out why he thinks it’s impossible for the US Federal Reserve to raise interest rates. Moreover, he discusses his optimism for gold and “the invisible hand” of the Plunge Protection Team.