Via Greg Hunter’s USAWatchdog.com,
Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland.
More than a year and a half ago, EvG warned here on USAWatchdog.com that “risk is exponential and unmeasurable” because of the estimated two quadrillion of derivatives and debt in the global financial system. He also warned that “at some point, all hell will break loose.”
Looks like hell has indeed broken loose because of the China virus, and now EvG contends,
“The system is bankrupt… The system is broken and bankrupt. This did not start now with the Coronavirus. It didn’t start in August and September (of 2019) when central banks said we would do everything we can with the Fed QE, repos and the ECB (European Central Bank) QE…
This started a long time ago. The system was broken at the beginning of this century. The 2007-2009 crisis was the first signal that the financial system was not functioning. They threw $25 trillion at it in financing and guarantees, etc., but I always said 2007-2009 was a rehearsal. We are now approaching, sadly, the real thing. This is the end of a two to three hundred year cycle. So, we are going to see some extremely difficult times. The Corona virus is a horrible catalyst, but that is all it is. It’s not the reason for the problem. The reason for the problem is a broken financial system… and now we are starting the final stage of the end of this financial system.”
EvG also says the reaction to the China virus is the same worldwide. EvG says, “You are seeing food shops with empty shelves…”
“…People are panicking. So, that is the first reaction to the Coronavirus, but they have not realized the big problem is in the financial markets. It is in a system that has no liquidity or money, and it has to print more and more. At some point, people will realize there is no money, and you will have the same reaction. People will be lining up outside of banks or they will go to their ATM machines to get money and, of course, they will have to reduce it. Now, in most countries, there is no cash. So, it is easy for them to shut off the system. There will absolutely be shortages of cash for people, otherwise, you will have bank runs.”
EvG contends,
“They have managed to maintain totally false markets with no real price discovery, certainly since 2009, by just flooding the market with so much money. We don’t have any real markets. We don’t have any real prices. It’s all fake. It’s all fake because it’s all supported by fake money.”
So, real money, that EvG says is physical gold and silver, is going to be revalued much higher. EvG says,
“Technically, gold and silver will soon start the next leg up… What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that’s just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency.”
EvG also predicts that before it’s over, the stock market will be down 90% or more. EvG says,
“In 1929, the market crash took 2 ½ years to go down 90%. The bubble is much bigger now, so it could go very, very fast… The risk is at a level now where the world cannot be saved.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Egon von Greyerz, founder of Matterhorn Asset Management, which can be found on GoldSwitzerland.com.
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Off camera, EvG went on to say the biggest financial problem the world faces is in the bond market. EvG says, “The biggest crash will be in the bond market, and this crash will happen faster than anybody will believe.” There is free information, articles, videos and analysis on GoldSwitzerland.com.
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When we have elected swamp rats profiting from inside information and blatantly justifying their actions as a model for leadership then we truly are in trouble. Not much better from “leaders” in other areas, whether it be banking, commerce, sports, or philanthropy.
Seriously? They create organizations dedicated to dehumanization, sexual perversion, shithole invasion, and you are worried about selling stocks? It was fucking obvious to sell. Fucking obvious! Two interest rate inversions made the news. That phenomenon is for a long time 100% correct at predicting a recession! When you read stuff, did you not read the voice of ‘irrational exuberance’? When the Wuhan virus showed Chinese quarantine efforts in overdrive, did it not occur to you that this virus would spread across the globe? Once the highly contagous Kung Flu was known, it was known to anyone not a goddamn fucking idiot to get the fuck out the fucking stock market! Fucking obvious! Members of Congress are smart lawyers and liars, but fuck, they earned being there at least. Even if they needed idiot instructions to sell, they basically earned it in this shit world. Anyone not smart enough to be elected to Congress AND too stupid to see the fucking obvious deserves to get taken. The equities markets are a civilized killing field. Death is later enforced by the police based on who has how much money and who gets the handouts. At some point, ain’t that justice? At some point, fool me 10, 100, 1000 fucking times and goddamn shoot me already! Fuck. That’s you beef with Congress? You had all the info you needed to get out. The flow of information today is a lot more than in previous orders. I know there’s lies, but shit. Do you know there’s lies? They lie and get away with it. They take by seizure and get away with it. They replace us with other workers and get away with it. This is the hill you want to fight for? This is the issue of our times? Are you fucking kidding me? Was Gamergate your big political awakening?
Doug, I’m guessing you don’t know much about leadership, do you? That is what the comment was about.
And, no, I am not worried about selling stocks. Cashed out close to the peak; how ’bout you?
Stock? What stock? Why worry about leadership? Are you looking for one? In a den of thieves no less. You can’t lead yourself to the obvious conclusion. This is no longer about leadership within the system. You lost that war decades ago.
You must not know much about organizations, do you?
Troll, you must not know much about trolling.
I used to listen to him on KRLA in LA in the early ’90s. He knew about the parasitic “vociferous minority” in the country.
These analyses never include the human factor. Government policy matters. Personnel is policy. Demographics is destiny. You’d think nothing could be solved by homicide. All major social conflicts have been, are, and will be resolved by violence. The problem with specialties is lack of contextual perspective. It is necessary and useful to specialize of course, but that is not sufficient for wisdom. The Roman decline was slow. This will be too. We will get killed or die one by one, but this deepening nightmare will go along swimmingly. All the killing power is aimed at the philosopher who says, “Stop this madness!” I would have philosophers encase themselves inside their animal and warrior capacity. I say, “Unleash the hounds.” I can never be happy or successful otherwise. This was never good enough for me. But the hounds are sly enough. I would advice the philosopher to encase his animal-warrior in the sheepskin of a dullard and player. The scientific method does not lie. Choose your inputs only by desired outputs. And to all the automatons out there, bang the rocks together, guys.
Seldom if ever do the right individuals hang from the lamp posts. The real perpetrators have names and faces that are seldom seen or heard. This present situation will play itself out and it will continue to happen into the future. It is our nature I feel. We constantly get to choose, predator or prey?
IMO you nailed it on this one, oldtimer. I recall the contained ‘justice’ handed out for the government social experiment called Abu Ghraib and my blood boils.
Muh female empowerment.
Thanks Reality Doug. Even a blind pig can find a truffle every now and then. Some days are better than others for me. Stay safe. OT
Who taught you to self-deprecate like that? You stay safe as well. I don’t want to get a shot or shot, but I would be receptive to catching COVID-19 now and facing the natural process. There could be a worse time to face it.
It was meant to be sarcasm.
lol My sarc-detection skills are not the best.
Touche..
I am assuming you have the same anti clockwise sense of humor.
I was born anti-clockwise. Can’t say I recommend it.
It is better than following the herd.
Wut??
“Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland.”
Perhaps Egon should take it a step further and suggest that people invest in their own abilities to do for themselves instead attempting to insert his proboscis into those who believe it is the shiny metal that will save their sorry asses.
lol. I see one down vote and no up votes. Gold not your savior? Whaaa. White men are great only with a lack of government infrastructure. I think a second Dark Ages is necessary to chasten whitey.
‘reality’Doug, I hate to be the one to break it to you but your salvation is not available with 2-day free shipping. Perhaps you should adopt a laconic style and do the hard work of seeking within.
I think we are on the same team for this one.
The fact that the priorities for most (US) people right now are still 1. toilet paper, and 2. their 401K balance
tells me the Fed can still “save” this system once more by papering everything over.
Only when 50+% don’t even care about their existing 401K anymore -or anything else ‘valued’ entirely/only in fiatscos- will this shitshow end.
Poor old Egon has been saying the precise same thing for a good decade, and has been wrong all along. Good chance this time he’ll finally be right.
After showing some teeth more closely than before to the pampered, da da government will recede with a smile and say, “I love you.” The masses will be more enamored than ever. The slaughter at glacial speed will resume with fresh compliance concessions until the next cycle of recalibration.
good luck trying to barter 1/10 or 1/20 an Oz of gold, for your daily meal, you can’t expect change, so you can’t use it for normal transactions. same with silver, you will be overpaying for everything and then be broke, like everyone. your better off growing your own food
“better off growing your own food” and then distilling some of it into whiskey. I would not sell or dispense branded alcohol before SHTF (for real) and maybe not after neither. Whiskey takes up less space, keeps longer, and provides much needed ‘sustenance’ if nothing else. I know I’m not the first one to thunk of it. 😉
And when the bond market blows, say goodbye to the USD.
So many waves and cycles coinciding. And along comes a novel virus. Just in time. Right on schedule. Like clockwork.
Goodbye to the USD? So what? Did the Zimbabwe dollar go away? No matter how much the dollar is devalued, it can be revalued by the same amount in the opposite way. The new USD is for 1 trillion old USD for example. They could change the definition of money so long as they have the currency. They have the currency so long as they have the overwhelming violence and overwhelming herd obedience. This is not about dollars or the life of the USD. This is about the life of their order, and orders are based on power. This is about power.
So what happens at the end of this 200-300 year cycle? Genocide? A revolution with a completely different order in function not style? We fade into that goodnight, or burn. Fade is far more likely as a group.
Now I’m doing my part to change that. Please post this where you can if you can do it safely enough (get with the fucking program!):
“Onward Christian soldiers___ Marching as to war___ With the cross of Jesus, going on before___”