KWN – 31 january 2013
In this week’s interview Egon von Greyerz discusses the rising unemployment in western economies, the continued stream of weak economic data and Swiss Banks ‘suddenly’ offering allocated Gold and Silver accounts to High net worth individuals, Hedgefunds and institutional investors. Why?
“Eric, back in 2009 I wrote an article titled, ‘The Dark Years Are Here.’ In that article I said 2011 to 2012 would be the start of economic, political, and social upheaval. I noted that this could last for a couple of decades.”
“At that time I mentioned three critical areas: Unemployment, which has exploded, serious problems in credit markets, also the risk of hyperinflation and the effect that would have on the world economy and investments.
Looking around me now, Eric, it’s all happening….