Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell’s The Capital Network’s Executive Director Lelde Smits who stands to loose and gain the most.
In the interview Lelde asks Egon about his gloomy predictions, stating recently that, “The world needs a forest fire” and that there will be “massive suffering to bring about a sound financial system”. Egon says, “This is the punishment that the world must go through.
Original source: Matterhorn - GoldSwitzerland
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