KWN weekly

Gold industry is facing higher cost

Written July 24th, 2014 by
Categories: KWN weekly, Latest Articles

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 »

Exchange Controls And Perfect Fake Gold & Silver Coins

Written July 18th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 17, 2014

Greyerz: “Eric, the U.S. dollar hegemony and role as a reserve currency is soon going to come to an end. This will lead to a precipitous fall of the dollar. The further consequences will be severe U.S. exchange controls. It will be virtually impossible for private individuals to transfer any funds out of the United States. It won’t matter if the transfer is for investment purposes or for holiday use. The fall of the dollar will also lead to major pressures in the U.S. economy and the U.S. financial system. So the U.S. will experience bail-ins and the U.S. will see forced transfer of savings into Treasuries as the budget deficit escalates to a much higher level…… Read the rest of this entry »

The world economy cracks are turning into black holes

Written July 10th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 10, 2014

About Banks, Hungary, Portugal, Draghi, Fatca

Greyerz: “Eric, the cracks in the world and the world economy are getting greater by the day, and we are soon entering a stage where these cracks will turn into black holes. One of Portugal’s largest banks is now under real financial pressure. And in Austria, the Hypo Alpe Bank is finished. Erste Bank is also under pressure due to major losses on mortgage loans in Swiss francs to Hungary and Romania. We’ve been discussing for a while how the European banks are not reflecting their true bad debt situation, and this is not just in countries like Spain, Italy, Portugal, and Greece, but also in France….. Read the rest of this entry »

Investors will try to catch a falling knife

Written July 5th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 3, 2014

Greyerz: “Eric, I am focused on the key indicators that will determine what will happen in the world in the next few years. What is frightening is that there are so many risk factors where each one can singularly change the fate of the world. I am looking at currencies, and particularly the U.S. dollar’s race to the bottom. I am also looking at major bubbles in stocks worldwide and the unsustainable debts that will never be repaid. And of course interest rates which will surge to levels that few people think are possible….. Read the rest of this entry »

Bonds will be good only for lighting fires

Written June 29th, 2014 by
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King World News weekly – June 28, 2014

Greyerz: “I’ve just come back from the United States. What surprised me was how bullish some people are about the U.S. economy and the equity markets. The mainstream media continues to fuel this totally misplaced optimism. I was watching one mainstream media news channel when the revised GDP figures came out at minus 2.9 percent for Q1. The reporter stated that in a survey of 25 economists, every one said the drop was due to climate and therefore was an aberration….. Read the rest of this entry »

Investors facing unprecedented geopolitcal and financial market risk – Greyerz

Written June 14th, 2014 by
Categories: KWN weekly, Latest Articles, Video & Podcast

KWN weekly – June 14, 2014

Egon von Greyerz: “I see an acceleration in the destruction of currencies and in particular the U.S. dollar. And that could start very soon. Of course we will have runs on the euro and on the yen as well since their economies are in a total mess, but the dollar will be the first to fall. There are currently so many factors that will cause the dollar’s fall: First of all, FATCA, the Foreign Account Tax Compliance Act, and other U.S. regulations means that every single transaction in dollars will be controlled by the U.S. authorities, even if the transaction itself has nothing to do with the United States. The $10 billion fine that BNP has been ordered to pay is an example of this. Read the rest of this entry »

Risk today is multiples of 1999 and 2007-8 combined

Written June 10th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – June 6, 2014

The risks to the world economy are now multiples of the risks that we saw 1999 and 2007-8. Stocks are driven to dizzying new heights due to money printing and tens of trillions of money has been created by Central Banks but to no avail for the real economy. So governments worldwide have created a massive bubble and have no weapons in their armoury to solve the inevitable fall of the world economy. In 1999 US short term interest rates were 6% and in 2007 they were 5%. Today they are virtually zero and the ECB now has a negative deposit rate. This century, global debt has increased by over $200 trillion from $60T to $260T! And in spite of this massive $200T injection which is three times current world GDP, the world economy is more fragile than ever. But we know of course that printed money does not create wealth. Read the rest of this entry »