Premium Only Content

Egon von Greyerz: Global Debt Implosion Coming
To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com
Tom welcomes a new guest to the show Egon von Greyerz. Egon is Founder and Managing Partner of Matterhorn Asset Management AG based in Switzerland.
Egon discusses how today's events aren't new; we are in a pattern that repeats throughout history. Governments love to spend more than they receive in revenue, and no currency has ever survived. Deficits have been nearly non-stop since 1930, and often an unrelated trigger can cause the crisis.
Central banks are creating worthless money out of thin air only because people believe it has value. Today, we are in the euphoric final phase of the monetary system as asset bubbles get inflated. Market risks today are far worse than they were in 1929 because this time, they are global. Central bankers will do whatever is necessary to support the system, but it's a losing game. It remains possible that stock markets double from here, but it's also likely that gold and the Dow will meet at some point.
Egon is concerned that we will enter a dark period of decline and that only once we are through it will the historians label it. Debt can't be fixed with more debt; however, central banks and governments don't seem to understand this fact. Hyperinflation always arises due to currency debasement and collapse, and eventually, interest rates must rise.
Gold today is at the same cheap levels of 1971 and 2000 compared to the total US money supply. He cautions, "Don't measure your net worth against something that has no intrinsic value."
We've reached the point where decline is inevitable for the west. Lastly, he discusses their ultra-secure private gold vault in Switzerland that is the largest in the World.
Time Stamp References:
0:00 - Introduction
0:45 - Central banks have lost control.
5:00 - Stages of a crisis.
6:45 - Collapsing currencies and US Dollar.
11:20 - Global debt and systemic risks.
15:10 - Debt explosion and coming turmoil.
19:00 - Hyperinflation and derivatives.
25:50 - Chart, gold adjusted for US money supply.
31:30 - China's role in the future.
35:20 - Switzerland mountain vault.
38:50 - Pensions, ETF's and Physical.
Guest Links:
Website: https://www.goldswitzerland.com
Twitter: https://twitter.com/GoldSwitzerland
Gold Vault Video: https://goldswitzerland.com/inside-the-mountain-interview/
Chart: https://palisaderadio.com/egon-von-greyerz-global-debt-implosion-coming/
#GoldSwitzerland #MatterhornAssetManagement #EgonvonGreyerz #Gold #Silver #BullionStorage #Debt #USD #GreatReset
-
1:01:29
Palisades Gold Radio
1 month agoLyn Alden: Trump Team's Attempts at Cutting the Deficits Will Fail
7452 -
1:06:05
Lee Camp
3 years agoThe Coming Global Financial Revolution
51 -
DVR
TubButter
1 day ago $0.10 earnedMy aim is sharper in 1440P Warzone! (Maybe). 😉 Live now! #Warzone #1440p #FunnyFails #TubButter
15.1K -
1:49:01
The Confessionals
10 hours agoThe Invisible War They Don’t Want You to See (It Didn’t Start With You)
3744 -
LIVE
Adam Does Movies
1 day ago $0.07 earnedMovie Hangout + Ask Me Anything - LIVE!
40 watching -
LIVE
Anthony Rogers
23 hours agoEpisode 371 - Exposing the Devil's Playbook
134 watching -
LIVE
RJTWIN
1 hour ago🔴LIVE - 2 Men, 0 Plans | Warzone | Clean Content - !blerp !discord !rumbot
16 watching -
LIVE
The Sufari Hub
2 hours ago🔴LIVE | DUMB AND DUMBER TAKEOVER THE ZOMBIE APOCALYPSE | DAY 7 HERE WE COME
25 watching -
9:42
The Shannon Joy Show
4 hours ago🔥 AI Tyranny Unleashed — Trump & Gates Just Sold Us Out 🔥
8.24K7 -
LIVE
blackfox87
2 hours agoFortnite Assemble! | #DisabledVeteran
15 watching