Latest Articles

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 »

We need a financial crash – Ned Naylor-Leyland

“The Matterhorn Interview – June 2014: Ned Naylor-Leyland”

 

“We need a financial crash”

Podcast interview:
On behalf of Matterhorn Asset Management / GoldSwitzerland, Lars Schall talked with Ned Naylor-Leyland, the Investment Director of Quilter Cheviot Investment Management in London, about the importance of being patient when holding precious metals, the phenomenon of backwardation in the gold market, the current investigations into the gold and silver fix in London, his view related to the movement of physical gold from West to East, and why there is good reason to be optimistic about selected mining stock companies both in gold and silver.
Naylor-Leyland says the end game will most likely include a monetary system reset. 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 »

Human behavior and the world economy

Written June 1st, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – May 30, 2014

Greyerz: “Eric, we are in a very dangerous period for the world economy. There is a high level of complacency among most investors. For people working in the financial world and for the wealthy, it’s like being in Shangri-La.  Virtually all asset markets are going up and many stock markets in the West are at all-time highs.

I recently went to John Mauldin’s Strategic Investment Conference in San Diego, which was excellent. But it surprised me to see how many of those top economists and fund managers were totally bullish on the global economy based on their view of growth in the United States.

I also went to a conference for ultra-high net worth individuals in Singapore, and I noticed very little fear or concern about the risks in the world today….

Click here to read the interview on KWN

Finance is a Power Game – Nomi Prins

“The Matterhorn Interview – May 2014: Nomi Prins”

“Finance is a Power Game”

Podcast interview:
On behalf of Matterhorn Asset Management / GoldSwitzerland, Lars Schall talked with former senior Wall Street banker Nomi Prins about her latest book, “All the Presidents’ Bankers.“ Prins points out how an elite group of men transformed the American economy and government throughout the 20th century, dictated foreign and domestic policy, and shaped world history. The discussion spans from the panic of 1907 and the creation of the Federal Reserve through 2 World wars, the decoupling of the dollar from gold in 1971, and the question whether American financial power today is in decline.

Read the rest of this entry »

From 1 point 4 Quadrillion derivatives to Chaos

Written May 11th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – May 10, 2014

In this week’s interview Egon relates what happened in the UK in the 1970′s to what will happen next in many other countries; collapsing currency, high inflation and soaring gold

Greyerz: “Eric, every day we get reminders that hyperinflation is on its way. The Congressional Budget Office now estimates that U.S. government debt will rise by $10 trillion to $27 trillion by 2024. This of course means that deficits will escalate and money printing likewise because with the U.S. running chronic deficits, no one will buy the Treasury debt. Read the rest of this entry »

Western propaganda – ‘The road to a catastrophic end’

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

KWN weekly – May 2, 2014

Greyerz: How can the world economy function at all with near zero interest rates in many countries, massive debts, and by printing more money than ever. And despite all of this, GDP is not growing.

“First quarter GDP in the U.S. was 0.1 percent annualized, and that will probably be revised lower. And we have record unemployment in Europe and in the U.S., and most countries are running major deficits. But stock markets are somehow still at the highs. The problem is; there is no morality or integrity because society has become so corrupt. Read the rest of this entry »