With continued uncertainty in global markets, today the 42-year market veteran, who correctly predicted that the Fed would not taper, is now warning King World News that 3 disasters threaten to collapse the world economy. He also discussed what all of this means for major countries and key markets such as gold and silver. Below is what Egon von Greyerz, founder of Matterhorn Asset Management out of Switzerland, had to say in his interview.
Greyerz: “Eric, we have three potential disaster areas in the world: Europe, the US, and Japan. And each one of these areas have problems of a magnitude which would be sufficient to trigger a collapse of the world economy and of the global financial system.
But the combined problems of these three areas are guaranteed to change the world as we know it today.
“In Europe, the US, and Japan, we have governments that can only prevent an immediate collapse by borrowing and printing money that will never be paid back. On top of that, we have a financial system that only survived the 2008 crisis through a massive package of $20 trillion of fiat money which was printed out of thin air…….
Read the full article at KING WORLD NEWS
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