How Global Markets Fail And Gold Succeeds: Debt, Derivatives & Politicized (i.e., Dishonest) Central Banks
Egon von Greyerz joins Darryl and Brian Panes of As Good as Gold Australia for an in-depth discussion on the state of global financial markets and the inevitable demise of paper currency and rise of physical gold. In an alarming backdrop of falling markets, open war, pandemic overreach, record-breaking debt levels and increased supply chain pressures, the Panes ask the obvious question: What and who led to this now undeniable global mess? As indicated by a recent observation in The Economist, the main culprit offered therein is the absolute mismanagement of fiat currencies by central banks around the world. Such mismanagement (living on deficits rather than surpluses) has been the direct cause of equally unprecedented and unsustainable global debt levels of which no intelligent business or family could ever conceive and yet which governments around the world pursue on a daily basis. Read more…
http://goldswitzerland.com/
Source: https://goldswitzerland.com/how-global-markets-fail-and-gold-succeeds-debt-derivatives-politicized-i-e-dishonest-central-banks/
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