Why a 100:1 paper to physical ratio simply won’t last

KWN weekly – August 29/30, 2014 Podcast – Egon von Greyerz: “I’m looking at the deflationary pressures that we are seeing in many areas like Europe and Japan. Continued deflation will lead to an implosion of asset prices and bank debt. Under that scenario no debts will be repaid and the financial system will fail. […]

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