Massive money printing and huge amounts of unpayable debt will lead to a monster financial meltdown soon…
Egon von Greyerz interviewed on USA Watchdog by Greg Hunter
Financial and precious metals expert Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a former Swiss banker and financial expert that says massive money printing and huge amounts of unpayable debt will lead to a monster financial meltdown soon. EvG says, “I did forecast that . . . the stock market is going to fall at this particular point. The 1,000-point drop on the DOW last Friday came right on cue. Fundamentally, the markets should have crashed a long time ago. . . . It appears clear to me we are going to see a 30% or so fall in the markets in the next one to two months. That’s the first fall, but that’s just the beginning. . . . Markets will fall, in real terms, by 90% to 95% in the coming years. That’s not going to happen overnight, but if it does happen overnight, then all bets are off and there will be a total disaster. The world is going to shut down. . . . Then there will be some extra money printing and people will be optimistic for a while. There is no money anymore because the money that is printed will make zero difference. There will be nothing that will drive the world forward. All the decisions on top of the with energy, climate change, sanctions, etcetera, will mean it all will crash a lot faster. . . . The world is going to see a collapse that it has never seen before in history, and there is absolutely no remedy for that. They are not going to be able to do anything. Everybody who is not in power is going to promise something that they can’t deliver. When they get into power, they will be thrown out because they couldn’t deliver. So, the era of Shangri-la and money printing and saving the world by fake money—that era is totally gone.”
