The IMF and Central Banks are losing control

KWN weekly – April 11, 2014

Greyerz: “Eric, all of the problems in the world have been solved and the risk of another global downturn is zero. At least this is what the IMF has just pronounced. The IMF points to the strong recovery in the U.K. and the U.S. as evidence of this. Let’s first take a look at the U.K. The U.K. is a country running a major structural budget deficit, a massive current account deficit, with a subsidized housing market which is a bubble, and a country where ordinary people have problems making ends meet. It’s only a massive consumer debt that sustains them…

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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 70 countries.



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