In this extensive discussion with the Jay Martin Show, Matterhorn Asset Management’s founding partner, Egon von Greyerz, addresses the catastrophic consequences of the current (and historical) debt cycle.
The Fed has two mandates – Maximum Employment and Price Stability. If we look at price stability, the Fed has failed miserably. The Fed employs 3,000 people in Washington DC of which 300 have a Ph.D. degree.
The world economy should have collapsed in 2008 were it not for a massive Hocus Pocus exercise by Western central banks. At that time, global debt was $125 trillion plus derivatives. Today debt is $325 trillion plus quasi-debt or...
“When elephants and central bankers (with wings) fly, don’t hold gold” This is what Egon von Greyerz recommends in this 25 min. interview with Jan Kneist of Investor Talk.
Will the world experience a catastrophic debt implosion? Just like the Titanic Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article.
The time has now come for the 99.5% of financial assets which are not invested in gold, silver or precious metals mining stocks to grab both the investment and wealth preservation opportunity of a life time.
Below, we look at gold in a broke(n) world of hubris, debt, Realpolitik and a rising east.
Egon explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before the bubble pops. The U.S. debt has doubled every eight years, and by 2025, is expected to reach around $40 trillion.
After the recent bank collapses and string of interest rate hikes, Egon von Greyerz shows his deep concerns for the U.S. monetary system.
In this discussion between Egon von Greyerz and Alasdair Macleod, on the state of the current banking system and the importance of gold, the speakers express concerns about the system’s eventual collapse due to the excessive creation of “...