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World Financial System Now At Maximum Risk Of Collapse As It Faces Catastrophic Debt Trap

By Egon von Greyerz

Founder and Chairman

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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About Egon von Greyerz
Born with dual Swiss/Swedish citizenship, Egon's education was mainly in Sweden. Egon von Greyerz began his professional life in Geneva as a banker and thereafter spent 17 years as the Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the U... More...

Egon von Greyerz
Founder and Chairman

Zurich, Switzerland
Phone: +41 44 213 62 45

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