From 1 point 4 Quadrillion derivatives to Chaos

May 11, 2014

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.

This means it all needs to be monetized, and thus bought by the Fed.

Click here to read the full article on KWN

Into perspective: $1.4 quadrillion = 1.4 x 1015 = 1,400,000,000,000,000 = 20 x World GDP
‘correction: where the link or text in the KWN article says 1.4 trillion, read 1.4 quadrillion’



Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.



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