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Financial System - A Hubristic Swindle

Published by Egon Von Greyerz | Jul 26, 2020 | 38344

Gold made a temporary peak in 2011 and resumed the uptrend in 2016. The massive amounts of money that have been printed since 2006, and accelerating now in 2020, have not yet been reflected properly in the gold price. But this is what is coming next.

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Humpty Dumpty System Is Irreparable

Published by Egon Von Greyerz | Jul 19, 2020 | 27470

What does it take to break the global financial system? Well, we obviously know what it takes since the system is already broken. Broken by debts, broken by deficits, broken by a fractured financial system, and broken by false markets as well as fake money. So just like Humpty Dumpty, the system has...

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Broken World Economy Cannot Escape Scylla & Charybdis

Published by Egon Von Greyerz | Jul 10, 2020 | 34259

As the world economy desperately tries to navigate to a safe harbour, is it going be pulled down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world severely...

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What Powell And Lagarde Told The G7?

Published by Egon Von Greyerz | Jul 5, 2020 | 30818

Why don’t Powell and Lagarde tell the people that central bank actions are destroying the economy and the value of the country’s money. The dollar has lost 86% in this century and the Euro 82%, measured in real money. Real money is of course gold since it represents constant purchasing power and is...

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Can Too Big For Fed & ECB

Published by Egon Von Greyerz | Jun 25, 2020 | 35489

Central banks have since then frenetically kept the party going by manufacturing worthless paper money. The music should have stopped in 2008 but the participants are still dancing on the grave of a system that is about to succumb.

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ECB Offers €1.3tn at -1% to Rescue European Banks

Published by Philippe Herlin | Jun 24, 2020 | 41534

By rolling over the debt of ailing banks (new loans to pay off old ones), the ECB is giving them a very bad habit, namely that of governments with perpetual deficits, which are thus exempting themselves from any budgetary effort. What is the point of cleaning up one's balance sheet if the ECB gracio...

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