A former banker, Corporate Vice Chairman of a FTSE 100 corporation and founder
of Matterhorn Asset Management AG, Egon von Greyez "strongly believes there
will be massive wealth destruction in the next few years".
Von Greyerz personally defines Financial Repression in practical terms as
the "manipulation and interference by government in the running of the economy
and the lives of normal people". What this will inevitably lead to he feels
will be the "total control of the people and a police state - that is the way
we are going in some countries!"
He has been worried about what is presently unfolding since the 1980's and
is very troubled about what he has witnessed and what he clearly saw was coming. "All
this was inevitable. It is ridiculous for the central bankers to say they didn't
see this coming. Anyone with just a little bit of intelligence could have seen
this coming (of course you can't be a politician who never see things coming
and central bankers are politicians)".
"Anything that goes up exponentially will come down very fast - at some
point! .... there will be massive fall in inflation, implosion of the monetary
system and implosion of assets - and that is to come!"
"The Federal Reserve was created in 1913 by the Bankers for the benefit of
the bankers and since then we have had inflation for their benefit. Once the
US became the world's reserve currency the bankers controlled the whole world".
The reason there is no way out is because "the only policy has been to 'kick
the can down the road' and only think central bankers have done is to pass
it on to others, hoping they would survive their term and someone else would
take over the problems. They can see the problems, they can see the risk. They
can't talk about it. They only have one solution. They have held interest rates
at zero which is obviously ridiculous and one example of Financial Repression,
and they have printed unlimited amounts of money and has now reached a point
where it no longer has an effect."
There is a lot of things investors can do to protect themselves from Financial
Repression which Egon von Greyerz discusses for the listeners.
33 Minutes with 35 Slides
For more detail on how this distortion is being orchestrated
and sustained, signup for your FREE
copy of the GordonTLong.com THESIS PAPER: FINANCIAL REPRESSION
Signup for notification of the next MACRO
INSIGHTS
Request your FREE
TWO MONTH TRIAL subscription of the Global Macro Tipping Points (GMTP)
Report at GordonTLong.com
No Obligations. No Credit Card.
