The West Debt & Inflation Implosion

By Egon von Greyerz

Founder and Chairman

June 7, 2023

Tom Bodrovics from Palisades Gold Radio welcomes back Egon von Greyerz, Founder and Chairman of Matterhorn Asset Management AG based in Switzerland.

Egon explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before the bubble pops. The U.S. debt has doubled every eight years, and by 2025, is expected to reach around $40 trillion. The Fed will likely reach a point where it will no longer be able to control interest rates. This signifies a dire situation that is further complicated by the fact that no one wants to buy bonds from a country that is technically bankrupt. To try and keep the debt at bay, the U.S. will most likely deploy inflationary tactics, resulting in an increase in prices.

Investing in gold is the way to safeguard yourself, and your family, from a broken financial system. Additionally, Egon emphasizes that banks in the E.U. are no better off than those in the United States, and the current economic system would have worked much better if supply and demand were allowed to rule, as opposed to the continuous government interference. We are seeing a decline in the West, which could potentially lead to conflict. Nevertheless, Egon advises that we can help each other to make it through this rocky patch, as it’s going to be difficult for everyone.

Talking Points From This Episode

– Why the U.S. Debt Ceiling is just political posturing.

– EU banks are just as worse off as the U.S.

– The West is in decline and it will take time to correct.

Time Stamps:

0:00 – Introduction

0:43 – U.S. Debt Ceilings

6:13 – Debt Pool Analogy

11:16 – YCC & C.B. Purchases

13:40 – Banking Contagion

23:54 – Bail-In Concerns

27:02 – EU & Western Banking

32:05 – What Breaks Next?

35:00 – Eastern Nations & Gold

42:36 – Domestic Gold Production

47:57 – Gold Price & Meaning

51:08 – Inflation End-Game

54:55 – Concluding Thoughts

Tom Bodrovics is a private investor from western Canada with a background in oil and gas. In 2014 he identified the top of the housing cycle and sold his home to invest in the junior resource sector. He gained a libertarian and contrarian perspective in 2013 when he attended an entrepreneurship course in Europe and has been studying markets of all types ever since. He operates a successful business servicing the oil and gas sector in Alberta and host of Palisade Radio.

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Egon von Greyerz is Founder & Chairman of Matterhorn Asset Management AG. He started Matterhorn Asset Management (MAM) in 1999 as a private investment company. From the very beginning, wealth preservation was an essential cornerstone of the company. In early 2002, they believed that financial and economic risk in the World was getting uncomfortably high. So that year, they made substantial investments in the physical gold market at $300 on average. As gold started to rise in the early 2000s, demand for physical gold increased, and in 2005 they set up a regulated company in Zurich – Matterhorn Asset Management AG.

A couple of years later, they formed GoldSwitzerland, which is the precious metals division of MAM. Egon was born with both Swiss and Swedish citizenship. He started his working life in Geneva as a banker and after he spent 17 years as Finance Director and Executive Vice-Chairman of Dixons Group Plc. Since the 1990s, Egon has been actively involved with financial investment activities, including mergers and acquisitions and Asset allocation consultancy for private family funds.

This led to the creation of MAM, an asset management company based on wealth preservation principles. MAM is now the World’s leading company for physical gold and silver outside the banking system, directly owned by the investor. Their four vaults include one of the largest and safest gold vaults in the World, located in the Swiss Alps. Clients are High Net Worth Individuals, Family Offices, Pension Funds, Investment Funds, and Trusts in over 75 countries. Egon makes regular media appearances and speaks at investment conferences around the World. He also publishes articles on precious metals, the world economy, and wealth preservation.

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