The world economy cracks are turning into black holes
King World News weekly – July 10, 2014
About Banks, Hungary, Portugal, Draghi, Fatca
Greyerz: “Eric, the cracks in the world and the world economy are getting greater by the day, and we are soon entering a stage where these cracks will turn into black holes. One of Portugal’s largest banks is now under real financial pressure. And in Austria, the Hypo Alpe Bank is finished. Erste Bank is also under pressure due to major losses on mortgage loans in Swiss francs to Hungary and Romania. We’ve been discussing for a while how the European banks are not reflecting their true bad debt situation, and this is not just in countries like Spain, Italy, Portugal, and Greece, but also in France…..
Click here to read the written interview
Egon von Greyerz
About Edward Maas
Edward Maas
VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45
VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
VONGREYERZ.gold
Contact Us
Articles may be republished if full credits are given with a link to VONGREYERZ.GOLD
