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When Will Governments Tell The Truth About The World Economy

Moderated June 22nd, 2016 by
Categories: All publications, Egon's Publications
When Will Governments Tell The Truth About The World Economy

When Will Governments Tell The Truth
About The World Economy

By Egon von Greyerz

On June 3rd we had another set of figures which although fake, still shocked the financial world.

Screen Shot 2016-03-30 at 15.13.24

Non-farm payroll increased by only 38,000, massively lower than any forecast. But add to that 244,000 fictitious jobs created and 484,000 workers which were forced to go from full time to part time work, then we get to a reduction in full time jobs of 690,000! Also, the workforce has grown by 21 million since 2007 but the actual number of employed has grown by only 5 million and out of those only 2 million are full time workers. And the quality of the jobs is also declining dramatically. Since 2007 1.5 million manufacturing jobs have been lost whilst 1.5 million hospitality workers (waiters, restaurant workers etc) have been added. But still, because of the idiocy of how the figures are calculated, the unemployment rate went down from 5% to 4.7%. The fact that people capable of working are leaving the labour force in droves is totally ignored. There are now 95 million Americans capable of working who cannot find a job. And for the ones who have a job, average wages have declined since the 1970s.

Screen Shot 2016-03-30 at 15.13.24

The real unemployment rate is of course nowhere near 4.7% but instead 23%.

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Major Rise in Demand For Physical Gold Imminent

Major Rise in Demand For Physical Gold Imminent

Major Rise in Demand For Physical Gold Imminent
Egon von Greyerz audio interview on King World News June 15, 2016

 

In an interview with Eric King just before the Fed announcement, Egon declares categorically that there will be no interest increase. He also gives a rate forecast for the rest of 2016.

Egon also talks about the Swiss gold refiners and the shortages in gold that will soon develop. He also declares that gold and silver have finished a 4 year correction and that silver will lead the way up to new highs. The dire state and likely collapse of major banks is also discussed, leading to massive money printing and hyperinflation.

Egon also explains that the Brexit vote, whatever the result will be is only one of many potential catalysts that will trigger problems in the financial systems that will be considerably worse than 2007-9.

Click here to listen to the audio interview

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Forget The Pullback – Here’s The Jaw-Dropping Roadmap To $10,000 Gold And $500 Silver

Moderated June 20th, 2016 by
Categories: All publications, King World News
Forget The Pullback – Here’s The Jaw-Dropping Roadmap To $10,000 Gold And $500 Silver

Forget The Pullback – Here’s The Jaw-Dropping Roadmap To $10,000 Gold And $500 Silver
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Abnormal Risks Have Abnormal Consequences

Abnormal Risks Have Abnormal Consequences

Abnormal Risks Have Abnormal Consequences
By Egon von Greyerz

 

Most people believe that the era we live in is totally normal. This is the case whether you live in a war-zone or in “Shangri-La”. It is the same with the economy. Everybody in the West today believes that stocks always go up and that property grows to the sky and that government bonds are the safest investment you can own. So these strong markets have been the norm for the average investor for the last 100 years. Everything they touch has gone up and any down move is only a correction. And so far investors have been right to stay in the market. Anyone who sat on a diversified portfolio of stocks, property and some bonds has made a massive fortune in the last hundred years. Very few skills in picking the investments were required. It was enough to buy high quality investments and just sit on them.

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Grant Williams – Oil: Peak demand – Gold: Peak Supply

THE MATTERHORN INTERVIEW – June 2016: Grant Williams

“Oil Market: Peak Demand, Gold Market: Peak Supply”

One of the most engaging and bright analysts of our industry, Grant Williams, joins Lars in this podcast. Grant speaks about Oil, Gold and about ‘The Donald’, inter alia. Grant of course, together with his partner Raoul Pal, also initiated the RealVision TV channel producing high quality in-depth financial market interviews.

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Crisis Is Going To Spread Like Wildfire And There Will Be Nowhere To Hide

Moderated June 8th, 2016 by
Categories: All publications, King World News
Crisis Is Going To Spread Like Wildfire And There Will Be Nowhere To Hide

Crisis Is Going To Spread Like Wildfire And There Will Be Nowhere To Hide
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

The Coming Crisis Will Be Totally Devastating For The World Economy And Humanity

The Coming Crisis Will Be Totally Devastating For The World Economy And Humanity

The Coming Crisis Will Be Totally Devastating
For The World Economy And Humanity
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

The Biggest Bubble In History Will Lead To An Even Bigger Collapse

The Biggest Bubble In History Will Lead To An Even Bigger Collapse

The Biggest Bubble In History Will Lead To An Even Bigger Collapse
By Egon von Greyerz

 

In a world full of bubbles that will all burst, it is of course impossible to forecast which will be the first ones to cause havoc for the world economy. One of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market which has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006-9 crisis.

Desperate governments are raising money as if there was no tomorrow in the hope that they can keep the world afloat for another few years. But as I have stressed so many times, you can create neither economic stability nor wealth by printing money or increasing the debt burden.

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The End Game Will Lead To The Biggest Implosion In History

The End Game Will Lead To The Biggest Implosion In History

The End Game Will Lead To The Biggest Implosion In History
By Egon von Greyerz

 

In this week’s KWN interview Egon von Greyerz takes a closer look at the bond market which is one of the biggest bubble in history with the potential to bring down the financial system.

Egon explains why governments cannot afford interest rates above zero, he highlights the interdependencies in our global financial system and the consequences leading to defaults and helicopter money.

Egon continues to talk about the various countries issuing 50 and 100 year bonds which will mature worthless. Last but not least he presents a very interesting 225+ year chart of the 10 year US treasury bond showing yield rather than the price of the bond…

For further detail and insight please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Risk Of Total Global Collapse Is Greater Today Than Any Time In History

Moderated May 18th, 2016 by
Categories: All publications, King World News
Risk Of Total Global Collapse Is Greater Today Than Any Time In History

Risk Of Total Global Collapse Is Greater Today Than Any Time In History
King World News with Egon von Greyerz

 

In this week’s interview Egon von Greyerz talks about the development of the US economic wonder for the last 100 years, built on entrepreneurial spirit and dominating the world for many decades. He further highlights the beginning of the end of the US empire. How can a country survive with chronic budget and trade deficits and with debts which are increasing exponentially? Egon also discusses the prerequisites that allowed the US to maintain a unique position as well as the consequences for the coming years or decades.

Egon von Greyerz: “The dilemma is that an empire always has the seeds of its own destruction within it…” What is the final act of desperation of an empire in decline, with massive debts?

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