Egon’s Publications

From ancient Sumer to the Roman, Spanish, and British empires, one truth has been immutable throughout human history: Debt destabilizes and destroys mighty nations. While technology, globalization, an...

Egon von Greyerz / September 29, 2021

In an environment where it seems every asset is reaching record highs and inflation is rampant, it is reasonable to ask: Why isn't gold absolutely ripping? The answer is complex, but be assured--pati...

Matthew Piepenburg / September 23, 2021

The everything bubble has persisted longer than most would have imagined, but signs are mounting of its pending exhaustion. World central banks and governments will no doubt act to save it as they hav...

Egon von Greyerz / September 22, 2021

In an economy of negative-yielding debt, high inflation, plummeting consumer confidence, and a crumbling culture, only one fact is certain: Nothing is real. Math can be disregarded, and numbers don't...

Matthew Piepenburg / September 14, 2021

The US' chaotic and embarrassing withdrawal from Afghanistan lays bare a reality that most now recognize: The US empire (and much of the western order) is dying. All the classic symptoms are present:...

Egon von Greyerz / September 10, 2021

In the post-pandemic world, signs of the death of paper money are everywhere, but the deeper one looks, the more evident and painfully predictable it becomes. Central banks are backed into a corner, a...

Matthew Piepenburg / September 2, 2021

Mountains of cash have been printed during the pandemic in the form of fiscal and monetary stimulus. Despite all the talk of public health and safety, these bailouts are about reanimating our sick and...

Matthew Piepenburg / August 27, 2021

On the 50th anniversary of Nixon "stabilizing" the dollar by ending its convertibility into gold, we ask: was he successful? The answer is a resounding NO! After the dollar has lost 98% relative to go...

Egon von Greyerz / August 18, 2021

As most of the western world doubles down on easy money policies, one nation stands out and moves ahead with raising rates: Russia. This follows a pattern of a massive shift in power and dichotomizati...

Egon von Greyerz / August 17, 2021

Far from being the result of a jobs report or expected Fed rate hikes, Monday's "flash crash" in the gold market was a deliberate and orchestrated manipulation of the markets, kneecapping gold like a...

Matthew Piepenburg / August 13, 2021