KWN weekly – September 18, 2014
“Greyerz: “Eric, we are all familiar with the fact central banks have printed many trillions of dollars in the last 2 years. This has been a futile attempt by these central banks to save their economies. But they haven’t saved a single economy in any country. All central banks have done is to exacerbate the problem by expanding their balance sheets with risky or virtually worthless assets. And the principal beneficiaries of this money printing have been the banks and big investors. Today no central bank has enough capital to cover their exposure when the next crisis starts. And, Eric, we both know that there are so many events which can trigger a crisis that would be many times greater than the one the world went through in 2008 – 2009…
In this Interview:
- US / UK Banks Assets
- Swiss National Bank
- Swiss Gold referendum
Click here to read the interview
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