Financial wizard and founder of Matterhorn Asset Management, Egon von Greyerz sees an economic collapse coming based upon a “potpourri of lethal ingredients.”
- “Debts at levels that can never be repaid – sovereign, corporate & private
- Epic global bubbles in stocks, bonds & property – all about to collapse
- Major geopolitical conflicts with no desire for peace – major wars likely
- Energy imbalances and shortages, most self inflicted
- Food shortages leading to major famine and civil unrest
- Inflation, leading to hyperinflation & global poverty
- Political and economic corruption in US, Europe and most countries
- No country will afford social security, medical or pension payments”
Von Greyerz believes currencies will collapse to zero. “Economic disintegration, war and riots” are on the docket.[i] Nick Giambruno of International Man, sees the US facing a “financial endgame.” “They will have no choice but to ‘reset’ the system.”[ii]
[i] Greyerz – This Global Collapse Will Be Like Nothing Seen Before, King World News, August 14, 2022
[ii] Nick Giambruno, It’s Game-Over For The Fed, Zero Hedge / International Man, August 14, 2022
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