Global Debt

“Sic Transit Gloria Mundi” (Thus passes the glory of the world). This phrase was used at the papal coronations between the early 1400s and 1963. It was meant to indicate the transitory or ephem...

Egon von Greyerz / October 17, 2019

There will in the next couple of years be a real Eureka moment in markets. But it is unlikely to be of the same satisfactory nature as in the case of Archimedes. The Greek mathematician and scientist...

Egon von Greyerz / October 11, 2019

What is history’s greatest illusion? Is it the Indian Rope Trick or is it performed by Houdini or maybe David Copperfield. No, this is an illusion which is so big that the whole world has fallen for...

Egon von Greyerz / September 11, 2019

The world is now standing before a seminal moment and virtually nobody can see it. There has not been a more critical moment in the last 50 years than what we are now facing. In 1971, the world faced...

Egon von Greyerz / August 29, 2019

Maecenas was a well known benefactor in Rome for Horace and others. His name has come to mean benefactor, in many languages called a mecenate. The loss of a benefactor can be very serious for anyone...

Egon von Greyerz / August 15, 2019

The messages from the ECB and the Fed couldn’t be clearer. They are seeing major problems in the financial system and in the world economy and they will do whatever it takes to save the system. But th...

Egon von Greyerz / August 1, 2019

Investors today have Hobson’s Choice. But they still don’t understand the options open to them. Thomas Hobson had a livery stable of 40 horses in Cambridge in the 16th-17th centuries. But customers on...

Egon von Greyerz / July 18, 2019

Finally it happened although it took 6 long years to break through The Gold Maginot Line at $1,350!

This resistance was a lot stronger than the original French one in WW II since i...

Egon von Greyerz / June 27, 2019

The breakout in gold and silver that we have been patiently waiting for is now starting. The long term up move in the precious metals, which have been pausing since 2011, is now resuming. We can with...

Egon von Greyerz / June 14, 2019

Gold is the ultimate insurance against a bankrupt financial system, a corrupt political system and a rotten monetary system. But official propaganda, combined with people’s greed, mean that virtually...

Egon von Greyerz / April 25, 2019