KWN weekly

Record Low rates and Record Debts = Economic Law?

Written December 12th, 2014 by
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KWN weekly – Dec 12, 2014

Greyer: “Eric, we have a world of record low or even negative interest rates and of record debts. This combination of high debts and low interest rates breaks every economic law that exists. We must not believe that this situation will be allowed to last for another 5 years because we will see interest rates at 20 percent in most countries. Higher inflation or even hyperinflation will lead to higher interest rates. At some point asset values will implode and the risk of lending money will then go exponential because lenders will want to be paid for that risk…. Read the rest of this entry »

Derivatives will lead to systemic failure of banks

Written December 11th, 2014 by
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KWN weekly – Dec 9, 2014

Greyer: “The derivatives exposure of major European and U.S. Banks are certain to initially lead to massive money printing combined with bail-ins. Eventually it will lead to the failure of a large number of banks….. Read the rest of this entry »

Turk and von Greyerz on European concerns

Written November 26th, 2014 by
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KWN weekly – Nov 25, 2014

Turk: “But it’s not just countries that are nervous about whether they are going to get their metal back. There are also major entities out there who are owed significant amounts of gold, and they are getting very nervous about whether they will ever see their physical gold again. So I think this squeeze that we are seeing for physical metal is going to continue at least through year end.

Greyerz: “The outcome of this vote is still of course very uncertain. There have been so many undecided voters and they will ultimately be the deciding factor. Meanwhile the Swiss National Bank (SNB) and the government have conducted a massive propaganda campaign against the initiative….. Read the rest of this entry »

Gold Repatriation – USA has no more gold

Written November 22nd, 2014 by
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KWN weekly – Nov 21, 2014

Greyerz: “Until recently the Dutch Central Bank (DNB) had only 11% of its gold in Holland. But today we have learnt that they have brought 122 tons back from the US which means that they now have only 69% abroad and most of it in the US.

Our sources told us already in October that this was happening in Holland and we did send out a note to subscribers on Oct 23, without mentioning the country.

So why has Holland left 69% of its gold abroad? They should be concerned after Germany were told by the Fed that they could only have a few tons back of the 680 tons they wanted. Germany was told by the Fed that they could have the rest back in 2020. This the clearest evidence ever that the Fed does not have the German gold…. Read the rest of this entry »

Billions in fines – No one blinks an eye

Written November 15th, 2014 by
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KWN weekly – Nov 14, 2014

Greyerz: “Eric, I’m looking at the latest round of rigging of markets by banks around the world. This has now led to fines of over $4 billion for rigging the Forex markets. You have banks like Citi and JP Morgan paying $1 billion each. UBS is paying $800 million and HSBC a bit less. But that’s just the latest Forex rigging and it’s probably only scratching the surface. We have also seen another $6 billion of fines for LIBOR rigging. So far in 2014 we have seen $56 billion of fines by U.S. regulators against the banks. It seems incredible that these enormous sums can be paid by the banks without the banks going under… Read the rest of this entry »

Not QE but QF – Quantitative Failure – Greyerz

Written November 7th, 2014 by
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KWN weekly – Nov 6, 2014

Greyerz: “Eric, I’m watching Japan because I think it’s the best example of the coming hyperinflation we will see in many countries. Japan has been in recession since the 1990s, with falling real incomes, a declining population, rising deficits and rising debts. Their debt is now a massive 1.1 quadrillion yen, which is about $10 trillion. This represents a staggering 200 percent of Japanese GDP. Attempts to stimulate the economy have failed, so the Japanese have just come out with additional QE at the rate of an astonishing 8 trillion yen per year, which is roughly $800 billion. Remember that the Japanese economy is only about $5 trillion per year. So this would be equivalent to the U.S. launching a new QE program totaling about $2.5 trillion per year. Read the rest of this entry »

US Plunge Protection Team activity

Written October 27th, 2014 by
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KWN weekly – October 25, 2014

Greyerz: “Eric, people in the West are enslaved to a system where the state takes care of everything. The state takes care of many people from cradle to grave. Switzerland is one of the only countries where there is a degree of individual freedom. For the Swiss it has always been important to have the people make decisions and not to let the government dictate… Read the rest of this entry »

Swiss Poll in favour of Gold Initiative.

Written October 22nd, 2014 by
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KWN weekly – October 21, 2014

Greyerz: “Swiss Gold Initiative Poll: YES 45% – NO 39% – Undecided 16%

A report  published in a Swiss newspaper yesterday showed that the YES votes in favour of the Gold Initiative are ahead in the polls and this is particularly pleasing since I have personally been involved in supporting the call for Sound Money in Switzerland. Read the rest of this entry »

Why J.P.Morgan did not succeed in 1929

Written October 17th, 2014 by
Categories: All publications, KWN weekly
Firstly, from the campaign team in Switzerland, a ‘very warm thank you’ for all contributors thus far to the Swiss Gold Initiative campaign fund.

These funds will be fully spent on reaching some 80% of the Swiss population via social media. The national campaign, with door to door leaflets and road side billboards, will officially kick off next week with a press conference held by the Initiative committee. We will keep you posted of course and it will be well publicised in the independent media.

This type of campaign is unique for typical Swiss referenda and will impact anyone involved in the gold space and, more importantly, everyone who is not involved in Gold. This is a unique opportunity to change the debt/inflation game back to sound finance. This effort must simply be made if we ever wish to return to a level playing field for citizens around the world.
To go viral on over 5,000,000 Swiss is a costly affair and we would therefore ask anyone out there, if you haven’t already, to lend your support using the donation button on the right. This will allow us to drive this campaign to the very last day. The arguments against the Elite NO camp are very strong. Thank you again.

KWN weekly – October 16, 2014

Greyerz: “A few weeks ago it was a very interesting situation where the fundamentals and the technicals came together. It became obvious that we were going to see the start of a major fall in the global stock markets, both short and long-term. The Dow has already fallen 1,000 points since then…… Read the rest of this entry »

Will Swiss Gold Initiative transform the Gold Market?

Written October 13th, 2014 by
Categories: All publications, KWN weekly, Video & Podcast

KWN weekly – October 11, 2014

Podcast – Egon von Greyerz: “Nigel Farage (MEP and leader of UKIP) was recently in Switzerland to speak about the EU. His view is that the UK and all other EU members should exit the EU since it is a failed union. At the same meeting the Swiss Gold Initiative was discussed. Farage is a proponent of sound money and gold. The Gold Initiative referendum on 30 November could be a game changer for the gold market……..
Read the rest of this entry »