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US Treasuries Will Sink Into A Black Hole

US Treasuries Will Sink Into A Black Hole

US Treasuries Will Sink Into A Black Hole
By Egon von Greyerz

 

Investors around the world are blissfully ignorant of what will hit them in coming months and years. Virtually no one understands the risks in the world and less than ½% of investors have protected themselves against the destruction of their financial assets.

It is of course wonderful to live in Shangri-La and be totally seduced by governments magnificent injection of credit and printed money which creates eternal happiness and wealth. Many of us live in fantasyland where it is irrelevant if you work or not. If there is not enough money, your government will issue food stamps, rent subsidies or help you to buy the latest car on credit. And if the government runs out of money, it can always print some more. There is no limit to how many quadrillions the printing presses or the computers can manufacture. This is the wonderful Keynesian virtuous circle of unlimited deficit spending and debt. And just like in Shangri-La this goes on for ever. At least this is what Krugman and the central bankers believe.

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No one ever looks at the facts. It would be a real mistake to be confused by the darned facts!

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How Long Before Global Financial System Fails?

Moderated April 22nd, 2016 by
Categories: All publications, Egon's Publications
How Long Before Global Financial System Fails?

How Long Before Global Financial System Fails?
By Egon von Greyerz

 

The global economy turned down in earnest already in 2006 but with a massive worldwide printing and lending programme, the world has had a temporary stay of execution. But the effect of this fabricated money has now come to an end. And what else would you expect. To print money that has no value or to lend money that doesn’t exist can never create wealth or save anybody. The downturn will soon start to accelerate and eventually lead to a total failure of the financial system and sovereign defaults. But no one must believe that there will be a sudden implosion or a “reset” that solves or changes everything. Instead, what we will experience is a process with things deteriorating at a fast pace but without one single event that overnight changes everything.

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It is actually happening all around us right now. Let’s just look at some examples of the stresses within the system. The ECB is facing bank failures in almost every member country. An Austrian bank just had to be bailed-in and the whole Italian banking system is on the verge of collapse. The Greek banks are already bankrupt although no one dares to declare it officially. The ECB knows that they only have one tool left to temporarily postpone a breakdown of the European banking system and that is to further increase its money printing programme. Only in the last 15 months, the balance sheet of the ECB has exploded by 45% to Euro 3 trillion. The Bundesbank, the German central bank, is totally aware of the predicament of the European banks. But they also know that they will be on the hook for the majority of the money printed by the ECB and therefore they have indicated that they will sue the ECB if it accelerates money printing.

The Fed is not printing money currently but in my view it is only a matter of time before we see a major QE programme in the US due to a deteriorating economy and a financial system under pressure. US outstanding derivatives are at least $500 trillion and most of that will just implode as counter-party fails. The Fed and the FDIC are concerned about this and that is why they just issued a warning to US banks. They told JP Morgan for example that the bank is unprepared for a crisis and that they have no plans for winding down their derivatives. JP Morgan’s derivatives exposure, properly valued, is probably in excess of $100 trillion.

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All Hell Is About To Break Loose

Moderated April 22nd, 2016 by
Categories: All publications, King World News
All Hell Is About To Break Loose

All Hell Is About To Break Loose
King World News with Egon von Greyerz

 

In this week’s interview Egon von Greyerz explains why the global financial system is failing – a process that is happening in front of our eyes right now.

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Sheila speaks with Egon von Greyerz on global risk

In this video interview, shot in beautiful Catalonia in Spain, Egon talks to Sheila, who is a private investor, with concerns about the safety of the financial system.

Egon outlines the sovereign debt problems with countries from Japan, China, Europe and the USA and emerging markets all being virtually bankrupt.

Sheila asks about the safety of keeping assets in the bank; Egon explains that this risk is now higher than it has ever been in history. Banks are in a much worse position then they were in 2006 when the financial system was on the verge of collapse. Since that time global debt has gone up exponentially.
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Are US Exchange Controls Imminent?

Are US Exchange Controls Imminent?

Are US Exchange Controls Imminent?
By Egon von Greyerz

I have for quite some time warned investors to get out of the banking system.

We believe that it is now becoming more urgent than ever. Bank stocks in Europe and the US are falling fast. The market is clearly sensing that things are looking extremely precarious in most financial institutions. What else can can we expect with bank balance sheets being leveraged 20-50 times and with worthless derivatives a lot more. Everyone knows that Greek banks and Italian banks are bankrupt but few people realise that there are very few sound banks.

Banks refusing to transfer funds abroad

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In A Time Of Universal Deceit, Telling The Truth Becomes A Revolutionary Act

Moderated April 8th, 2016 by
Categories: All publications, King World News
In A Time Of Universal Deceit, Telling The Truth Becomes A Revolutionary Act

In A Time Of Universal Deceit, Telling The Truth Becomes A Revolutionary Act
King World News with Egon von Greyerz

In this week’s interview Egon von Greyerz looks back at his 50 years’ active business life experience and highlights the biggest dangers that are still lurking.

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World Economy Is Terminally Broken After 50 Years Of Misgovernment

Moderated April 7th, 2016 by
Categories: All publications, Egon's Publications
World Economy Is Terminally Broken After 50 Years Of Misgovernment

World Economy Is Terminally Broken
After 50 Years Of Misgovernment
by Egon von Greyerz

 

In a world of manipulated economic figures and markets, it is not always easy to maintain your sanity. The world economy is now based on fantasy and hope and has very little to do with reality. But the problem is that virtually nobody understands this. Whether it is a bank analyst or a Nobel Prize winner in economics, they are all spreading the same false message. The Western press and news media are just reporting what governments and the elite are telling them. There is no analysis and no attempt to find the truth in anything. This is why we are now in an era of indoctrination and total brainwashing of the masses. Most people are totally apathetic and incapable of realising that they are being led down a path, both morally and economically, that will make life on earth a lot more difficult not just for the present generation but probably for several generations to come.

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War Drums – The End Of An Empire

Moderated March 30th, 2016 by
Categories: All publications, King World News
War Drums – The End Of An Empire

War Drums – The End Of An Empire
By Egon von Greyerz

 

In this week’s KWN interview Egon von Greyerz takes a closer look at the geopolitical environment, areas of potential conflict, social unrest and war, and shares his insight on why it is important for today’s investor to identify and understand these risks.

“In the last stages of an empire, a major war is normally the final act to divert attention from the distraught economic situation…”

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What has happened to Black Gold? | Maarten van Mourik

THE MATTERHORN INTERVIEW: Maarten van Mourik – March 2016

“The Current Oil Price: A Blessing & A Curse”

Maarten van Mourik is one of the top oil analysts running his own consultancy since 2000. He discusses, inter alia, the ending of QE3 in the US and a strengthening dollar as part of the reason for the oil price demise and its effect on the mechanics in the energy space.
Lasr Schall spoke with him a few weeks ago when crude hovered just above 35 bucks.

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Silver Will Lead The Way To New Highs

Moderated March 24th, 2016 by
Categories: All publications, King World News
Silver Will Lead The Way To New Highs

Silver Will Lead The Way To New Highs
By Egon von Greyerz

 

In this week’s KWN interview Egon von Greyerz discusses why the world economy is getting closer to the Minsky Moment – an unexpected collapse of asset values together with an implosion of debt that financed the asset bubbles.

Egon also discusses the road that governments have taken that, after a temporary hyper inflationary period, will not only lead the world into a deflationary collapse but also to the end of the current monetary system.

What does that mean for Gold and Silver? Egon further highlights interesting developments in the Precious Metals Markets with a particular focus on Silver as an extremely exciting investment opportunity. Are we seeing Silver hitting $660?

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