Buckle Your Seat Belts! A Replay of the 2008 FINANCIAL CRISIS COMING SOON!

Egon Von Greyerz  Founder of Matterhorn Asset Management, says ” Buckle your seat belts–a replay of the 2008 financial crisis will “soon return.”
 
“We are now in a situation where every major economy in the world is in a total mess. Japan’s economy is going to disappear into the Pacific.  

China is having its problems.  Europe has problems.  The EU will never work and was not supposed to work.  The euro is an artificial currency and, in the long run, will not survive.  

The U.S. stock market is at an all-time high, but that has nothing to do with the real economy which is an absolute mess.  So, the world has never been in a situation where all nations simultaneously are having problems that are insoluble.  Every major nation is running a deficit today.  

Buckle your seat belts–a replay of the 2008 financial crisis will “soon return.”

So, right now, I think we are going to revisit 2008; but this time, there is no solution. 

Greyerz, who controls the largest gold vault in Europe, says, “We are specialists in wealth preservation.  Our task is to analyze the risk and take all the measures possible to protect clients from the risk that we see, and the risks are bigger than ever in the world. . . . We are going to see a major financial disaster and possibly collapse.  

The world has been living above its means for a hundred years.  It has gradually gotten worse as central banks have printed more and more money. . . . Just in the United States, in the last eight years, the debt has increased from $8 trillion to $18 trillion.  

That is an increase of $10 trillion in just eight years.  That is more money than was created in the creation of the United States from over 200 years ago to when Bernanke took over.  That is happening everywhere in the world. More and more countries are trying to go away from the US dollar, and I think the days of the dollar are counted.  

I think the dollar is going to start falling rapidly in coming months and years. The dollar is going to collapse, and all the other currencies will follow.  It will then be revealed that all these debts can never be repaid.

 Just in the United States, in the last eight years, the national debt has increased from $8 trillion to $18 trillion. 
 
That is an increase of $10 trillion in just eight years.
  
That is more money than was created in the creation of the United States from over 200 years ago

The reset will be dramatic.  It won’t happen overnight, but there will be events that trigger short term pitfalls, but this is a long term thing.”