In this keynote speech at the GAIC Virtual Gold Conference in Australia,  Egon von Greyerz explains why the US economic crisis is worse than most people understand and that it has been going on for quite some time.

  • What happens when countries don’t have economic discipline? The dollars journey to zero.
  • Why the total US debt of $75 trillion and growing fast will never be repaid Egon’s views on the global debt explosion before it implodes.
  • There will be corrections in gold and silver but Egon’s long term view is very bullish. Egon explains why.
  • What’s the future for silver? The currency race to the bottom – you may be surprised at the results.

Why don’t we just print money, stop working and live in Shangri-La? It’s a vicious circle and a nightmare scenario is coming. Stop dreaming and start taking action.

Original source: Matterhorn - GoldSwitzerland