King World News

Telling the truth is sometimes a revolutionary act

Written February 20th, 2015 by
Categories: All publications, King World News

King World News weekly – Feb 19, 2015

Egon von Greyerz: “Eric, we are seeing a steady stream of gold buying in our company but as the gold price indicates, there is no rush to buy gold. People don’t realize that gold at $1,200 today is cheaper than it was at $300 in 2002, when we recommended that our clients put up to 50 percent of their assets into physical gold. It’s not only cheaper today on a relative basis but it’s strategically much more important now than it was back in 2002…

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Current Global Financial System Will Cease To Exist

Written February 13th, 2015 by
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King World News weekly – Feb 12, 2015

Egon von Greyerz: “Eric, the Greek situation is key because the consequences of the outcome in Greece will have a major impact on the world. It’s interesting to note that Greece has been in default or rescheduling its debts for 50 out of the last 200 years. The Greek Finance Minister, Varafoukis, is playing a very clever game…….

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Events now in motion to create massive problems for mankind

Written February 6th, 2015 by
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King World News weekly – Feb 5, 2015

Egon von Greyerz: “Eric, today we are standing on the cusp of life-changing events, which are unfolding worldwide. It’s ironic that the catalyst could be a Greek drama. With the way the negotiations are unfolding between the Greek Finance Minister, Yanis Varoufakis, and the troika, it’s hard to know if this is a Greek tragedy or a comedy.
The EU President just said that ‘Greece risks bankruptcy if they continue with the strategy.’ Well, Varoufakis responded, ‘We are already bankrupt.’…

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The Present Financial System Will Not Survive

Written January 30th, 2015 by
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King World News weekly – Jan 29, 2015

Egon von Greyerz: “Eric, as you know I’ve had a long-standing forecast — for over 10 years — that gold will reach $10,000 in today’s money. I’m also convinced that in the future the world won’t have anything resembling today’s money because of all the money printing that will take place as well as the accompanying hyperinflations. So in real terms the gold price will be a lot higher than $10,000. Everything is falling into place for the destruction of the current monetary system. Unfortunately this will also destroy a lot of people’s lives because they won’t be prepared or even understand why the worldwide meltdown is happening…. Read the rest of this entry »

ECB 1.1 Trillion printing spree – KWN audio

KWN weekly – Jan 24 (audio), 2015

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About: “In this 11 minute broadcast Egon von Greyerz discusses the ECB’s new rounds of QE; inflation is only good for governments, not consumers; first hyperinflation then deflationary implosion; the money printing package will not improve the EU economy one iota. Read the rest of this entry »

ECB printing will NOT save the EURO

Written January 23rd, 2015 by
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King World News weekly – Jan 22, 2015

Eric King: Egon, the ECB has just announced this 1.1 trillion euro package in a desperate attempt to fight off deflation.”

Egon von Greyerz: “These decisions by the central banks have virtually no impact whatsoever on the underlying economy over the longer-term. They did what they had to do because the European banking system as well as the economy is in dire straits.
Central banks still believe that by printing money they can kick-start their economies and save the financial system. That’s not the case. There is no chance whatsoever to change the outcome of an indebted and bankrupt European economy…. Read the rest of this entry »

Market volatility in 2015 will go wild

Market volatility in 2015 will go wild

 

by Egon von Greyerz  – Jan 16 2014

On January 15, the Euro lost 30% against the Swiss Franc and the Dollar lost 25% in a few seconds. All stops in the market will have been triggered at the maximum loss level. At the end of the day the decline settled at around 15% for both the Euro and the Dollar.

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Many hedge funds will have made considerable losses and also several banks. One Forex broker at least went under and several will have suffered irreparable losses.

Although this event was not major enough to shake the world it will be another nail in the coffin of the vulnerable financial system, as well as a sign of the exponential rise we will see in volatility and market failures during 2015.

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2015 Bank collapses and gold skyrocketing

Written January 12th, 2015 by
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KWN weekly – Jan 9, 2014

Greyerz: “Eric, we live in a crazy world and it will only get worse. Sadly, events in France remind us of that. There will not only be political unrest but also great social unrest due to people getting poorer and more dissatisfied with governments not being able to provide for all their needs. Also, look at the tremendous volatility. In the first few days of January the Dow went down 800 points but in the past few days it is up 600 points…. Read the rest of this entry »

A world on the brink as we begin 2015

Written January 3rd, 2015 by
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KWN weekly – Jan 2, 2015

Greyerz: “Eric, as we begin 2015 I am looking at a world full of dichotomies. Risk is greater than ever and the world is now borrowing more than ever, but even at zero interest rates the world cannot afford the debt. And record debt of roughly $300 trillion does not rhyme with zero interest rates. Depositors are getting no reward for the massive risks they are taking. Bearing in mind that most of the $300 trillion can never be repaid with real money, rates today should be 10 percent or even 20 percent. Of course they will be within the next few years… Read the rest of this entry »

The world is on its way to depression

Written December 22nd, 2014 by
Categories: King World News, Video & Podcast

KWN weekly – Dec 21 (audio), 2014

About: “the oil price, encumbered gold and more. Read the rest of this entry »