Von Greyerz: The Global Forest Fire Is Here

von-greyerz:-the-global-forest-fire-is-here

22-05-20 03:35:00,

Authored by Egon von Greyerz via GoldSwitzerland.com,

It drives you absolutely mad to see a whole world living a lie. How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality.

We have fake money, fake markets, fake companies, fake banks, fake interest rates, fake income, fake pensions, fake social security, fake wealth, fake bail outs, fake buildings, fake holidays, fake cars etc which create false lives for most of us especially in the West.

All these fake material values have also created false moral and ethical values. 

IT IS ALL AN ILLUSION 

So you might ask how can it all be fake when we can touch it, use it, or experience it. For people who don’t understand that it is all fake, let me say that we will all soon realise how fake it was. Because many of these things that we perceived as real were all an illusion. 

An illusion is defined as “an act of deception” or “something that produces a false or misleading idea of reality.  And that is exactly what we have been exposed to. The world had been deceived but we have all believed that it was real. 

DEEP STATE WILL LOSE CONTROL

There is a perception in the world that things will continue as they are and that the Deep State is going to control us all in a totalitarian world. What few realise is that the Deep State or Powers That Be are going to lose control totally. They are totally dependent on the world in which they can control everything through debt and the fake monetary system they have created. But let me make it clear that this fake system is about to implode.

$QUADRILLIONS WILL GO UP IN SMOKE 

Before the crisis which has just started is over, global debt, derivatives and unfunded liabilities (medicare, pensions) will virtually all disappear. We are looking at sums in the quadrillions of dollars. How much depends on how much extra debt is created before it all implodes. As the debt goes to zero, most of the assets that were financed by the debt will also lose 90-100% of their real value.

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Von Greyerz: The Demise Of The Financial System Is Imminent

von-greyerz:-the-demise-of-the-financial-system-is-imminent

18-03-20 10:26:00,

Authored by Egon von Greyerz via GoldSwitzerland.com,

“Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, the Coronavirus is not the cause of global market crashes but the catalyst.

But even if I have been totally certain that the world will see an economic collapse greater than any crisis for 100s of years, this is the worst catalyst that anyone could have expected. Yes, a global virus was always one of the potential risks but of all triggers, this one was certainly the most unwelcome and horrible.

CORONAVIRUS IS FAR MORE SERIOUS THAN THE WORLD REALISES

Before I talk about markets and gold further on in this article, I will mention some of the horrific effects that are now hitting the world due to Coronavirus. Just to summarise that my market views haven’t changed. Stocks will go down by at least 90% from here and gold will surge to levels that few can imagine.

No one knows the extent of people affected by the CV. China has never given us the real figures. And the rest of the world hasn’t got a clue where they stand. Every country thinks they are in control of the situation until they panic. Outside of Asia, poor Italy got it first and there we have seen an exponential growth of the number of people affected. And still, in Italy like in most other countries, they haven’t got a clue how many people have been infected.

Same in the UK, US, Sweden, Switzerland, Germany and most other nations. No country has the capacity to test a fraction of the population. You hear from most countries that when people have the symptoms, they are just told to stay home. So the real numbers are certainly 10x greater than reported or much higher. Somebody forecast that 70% of the world will be infected and that doesn’t sound improbable.

DOCTORS AND HOSPITALS HAVE NO CHANCE TO COPE

And as Italy discovered, there is not a fraction of ventilators available that are required to treat the seriously ill.

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