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Spiking Food Prices Kick Off Inflationary Endgame

Founder @ Matterhorn Asset Management & GoldSwitzerland

May 19, 2020

Egon von Greyerz interviewed by Jan Kneist of Goldseiten.

The ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the 1930s seem small. Almost 40% unemployment, while at the same time food prices are rising. Globally, up to 1.6 billion people could become unemployed, affecting developing countries in particular. Society changing events are looming. Inflation adjusted gold price $18,100. Silver move will be spectacular.

BVG ruling – Deathblow for the Euro or planned?

Weak countries have no chance in the Euro

EU – a huge scam that worked for a while

Club Med hangs on tourism

ECB balance sheet grows strongly. Even without the Bundesbank?

FED balance sheet grows from $4.1 trillion to $6.7 trillion in one month

CPI -0.8%, many prices fall, essential goods become more expensive

Official US unemployment 14.7%

Wrong, without calculation errors even 19%

Unemployment according to ShadowStats 35% or 39%

Unemployment in the Great Depression was 25%

Food becomes expensive, in the USA especially meat

Food shortages will increase

Soon 1.6 billion unemployed worldwide?

10 million applications for short-time work in Germany

In the UK, 50% of adults depend on government payments

The world is a Potemkin village

FED of Atlanta expects 35% GDP collapse

The effect of the Fiat money dwindles more and more

Adjusted gold price 1980 at 18,100 dollars

Whosoever hath no gold today will suffer great loss

Physical bullion is partly available again, premiums remain high

Unimaginable events become conceivable

C19 is unmasked as a controlled action and causes more and more unrest

Material – Fiat Money – values perish

Think of silver

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 70 countries.
GoldSwitzerland.com
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Egon von Greyerz – Founder and Managing Partner of Matterhorn Asset Management (MAM) and GoldSwitzerland based in Zurich. Egon forecasted the present problems in the world economy already in 2002 when he recommended to investors to allocate 50% of assets into physical gold (at $300) stored outside the banking system. Egon began as a banker in Geneva and was thereafter Finance Director and Vice-Chairman of a FTSE 100 company in the UK. He makes regular media appearances on CNBC, BBC and King World News and speaks at investment conferences around the world. MAM (founded in 1999), specialises in wealth preservation. GoldSwitzerland buys, sells, transfers and stores physical precious metals for private investors and institutions outside the banking system. His website is www.goldswitzerland.com.