KWN weekly

Money stock imploding in the U.S. and most countries

Written September 26th, 2014 by
Categories: All publications, KWN weekly

KWN weekly – September 25, 2014

“Greyerz: “Eric, this year we have been talking about the autumn being a critical time in terms of being an inflection point for the world economy and global markets. In every single area of the world there are problems. Japan alone has enough debt and deficits that that when it implodes it should create a worldwide depression. And China, the former growth engine of the world, is struggling. It’s important to look at the consumption of commodities in China. Right now they are declining rapidly. Then we have the shadow banking system in China which is in a massive bubble. In Europe, only one major economy, which is Germany, has kept the eurozone alive. But German growth has now come to a halt… Read the rest of this entry »

Sound money initiative will be Game changer

Written September 18th, 2014 by
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KWN weekly – September 18, 2014

“Greyerz: “Eric, we are all familiar with the fact central banks have printed many trillions of dollars in the last 2 years. This has been a futile attempt by these central banks to save their economies. But they haven’t saved a single economy in any country. All central banks have done is to exacerbate the problem by expanding their balance sheets with risky or virtually worthless assets. And the principal beneficiaries of this money printing have been the banks and big investors. Today no central bank has enough capital to cover their exposure when the next crisis starts. And, Eric, we both know that there are so many events which can trigger a crisis that would be many times greater than the one the world went through in 2008 – 2009… Read the rest of this entry »

It is better to be prepared

Written September 12th, 2014 by
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KWN weekly – September 12, 2014

“Greyerz: “Eric, I’m looking at the enormous risk of holding money or other assets in a bank. We know that banks were bankrupt in 2008, and since then nothing has changed. The balance sheets haven’t improved at the banks. The only thing that has happened is the banks now have the right to value toxic debt at maturity rather than at market value. We know that if they valued these toxic assets at market value, most banks would not survive….

In this Interview:

  • Eurozone deflation
  • Japan
  • Derivatives

Click here to read the interview

Swiss would need to buy $70 billion gold

Written September 6th, 2014 by
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KWN weekly – September 5, 2014

Egon von Greyerz: “Looking around the world it is astounding how investors are ignoring risk in their investment strategy. Global stock markets are in bubble territory, but the massive liquidity and the lemming mentality of investors have led to a total disregard of the risks that stocks represent today….

In this Interview:

  • Stocks and Bonds
  • ECB
  • Swiss Gold Initiative

Click here to read the interview

Why a 100:1 paper to physical ratio simply won’t last

KWN weekly – August 29/30, 2014

Podcast – Egon von Greyerz: “I’m looking at the deflationary pressures that we are seeing in many areas like Europe and Japan. Continued deflation will lead to an implosion of asset prices and bank debt. Under that scenario no debts will be repaid and the financial system will fail. With $280 trillion of world debt and $1.5 quadrillion of derivatives, this will lead to a collapse that will take the world back at least 50 years and maybe even further. Governments and central banks are totally aware of the deflationary risks. That’s why they have printed and created tens of trillions of dollars, and lowered interest rates to zero.
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Gold Unloved and Undervalued

Written August 22nd, 2014 by
Categories: All publications, KWN weekly

King World News weekly – August 22, 2014

Gold Unloved and Undervalued

Gold has now corrected for 3 years since the 2011 peak. At that time gold was temporarily overloved and overvalued.

Since 2011 government debt worldwide has increased by trillions of dollars and global debt by tens of trillions. And the $ 1.2 quadrillion derivatives exposure is continuously getting bigger.

The price of gold, in the long run, is a reflection of the destruction of paper money. The more money that is printed and the more debt that is created, the higher the gold price goes. Since the creation of the Fed in 1913, the dollar has fallen 98% against gold which means that gold has gone up almost 6,000 percent in 100 years.

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Swiss to vote on gold repatriation in November

22 August 2014 – Egon von Greyerz

Swiss Gold Referendum on November 30

One of the very few remaining proper democracies in the world will vote on bringing the Swiss Gold back to Switzerland on November 30.

This is an initiative that could only happen in Switzerland. An influential member of parliament, Luzi Stamm, representing the biggest Swiss party SVP (Swiss People’s Party) started this initiative with two other parliamentarians.

In order to have a national referendum on an issue in Switzerland, 100,000 supporting signatures are required. The ‘Swiss Gold Initiative’ already achieved this requirement in early 2013.
Not only will the referendum deal with gold repatriation but also seeks to stop all gold sales by the SNB (Swiss National Bank) and to require the SNB to hold 20% of its assets in gold. Read the rest of this entry »

Increased inequality will push more social unrest

Written August 15th, 2014 by
Categories: All publications, KWN weekly

King World News weekly – August 14, 2014

Increased inequality, sadly and understandably, will lead to more social unrest, war and famine

Greyerz: “Eric, we have a world where the wealth of the 85 richest people is the same as the 3.5 billion poorest. 1.5 billion people must live on $1.25 a day. So the gap between the rich and the poor is at unacceptable levels. Also, the world’s population has exploded in the last 100 years, almost 5-times, from 1.5 billion people to 7 billion people. In the coming economic downturn, which is an economic certainty, we will not only see many of the poor with empty stomachs, but also revolting because of the severe inequalities, with severe social unrest following…. Read the rest of this entry »

The coming worldwide debacle

Written August 1st, 2014 by
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King World News weekly – July 31, 2014

The coming worldwide debacle

Greyerz: “The world has never in history experienced the extent of potentially cataclysmic events that it is now facing. There is a high risk of a major war. With most major nations over-borrowed and bankrupt, it is in my view virtually guaranteed that we will have a worldwide deflationary implosion which will be devastating. But before that, desperate governments and central banks will flood the world with more worthless paper causing a hyperinflationary depression… Read the rest of this entry »

Gold industry is facing higher cost

Written July 24th, 2014 by
Categories: All publications, KWN weekly

King World News weekly – July 24, 2014

Greyerz: “Today there are massively elevated risks in the world both geopolitically and financially. With these risks we could see a change in markets at any time. I see investors in the two biggest markets in the world, bonds and stocks, being totally oblivious of what’s going to hit them. But before this is over, the world will experience asset destruction of a major proportion. I see stock markets coming down 90 percent in real terms (versus gold), and bond rates reaching 20 percent in coming years. At that point we will be looking at a very different world”…… Read the rest of this entry »