Fed’s Balance Sheet Could Be Leveraged 70 Times!

This according to a market veteran named Egon von Greyerz.

On the heels of a smash in the gold and silver markets, today the 42-year market veteran who correctly predicted that the Fed would not taper warned King World News that that the next wave of massive wealth destruction is now imminent.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.

Greyerz:  “As stock markets are booming, fueled by unprecedented liquidity, the financial system is under more pressure than ever.  A couple of your recent guests have been talking about the Fed’s balance sheet, and the fact that it’s leveraged 70 times….

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/8_The_Next_Wave_Of_Massive_Wealth_Destruction_Is_Imminent.html

Hmm that’s definitely something to dig in!

Well with $85 billion of bond purchases each month I don’t think that’s really a big surprise.

Guess it’s back to the roller coaster like in 2007 or even worse for that matter.

2nd’ed

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/11/7_James_Turk.html

and 3′rd’ed:

Read more at http://investmentwatchblog.com/feds-balance-sheet-could-be-leveraged-70-times/#35hPc9dyXYDkFJRR.99