As we continue to kickoff the new year, today the man who has become legendary for his predictions on QE and historic moves in currencies, warned King World News that governments and central banks are about to totally lose control of the global financial system, ushering in $10,000 gold, $667 silver and global panic.

 (King World News) – Egon von Greyerz:  “The world is now between Scylla and Charybdis, which means between two evils. Thus, there is no solution or positive outcome of the the present state of the world economy. Scylla is the rock or the six headed monster, while Charybdis is a whirlpool or a black hole (a hard place). 

Since 2006-2009, governments and central banks believe that they have made it through the strait of Messina, passing through Scylla and Charybdis, but sadly they are mistaken. The world is still desperately trying to get through the inescapable passage that would lead to safety. By printing unlimited amounts of money and thus doubling global debt, there is a general belief that the world has passed the dangers. But sadly that is not the case. We are still in very dangerous waters. 

Will the world economy be trapped by Scylla, the rock, and incur damages that will have severe consequences for the world economy for years or even decades? Or will we be unlucky to be caught by the whirlpool or black hole of Charybdis? Let’s hope not, especially since that would mean the end of the world as we know it for a very, very long time. 

In Greek mythology, Odysseus managed to pass by Scylla according to Homer. So instead of losing everything, Odysseus just lost a number of the crew on his ship by being caught by Charybdis. Hopefully the world will be just as fortunate. 

Governments & Central Banks Are About To Lose Control
Last week on KWN I discussed the inevitable trends that the world would encounter in 2018 — a final hurrah for stocks, a falling dollar, rising interest rates and higher gold and silver prices as well as higher commodity prices. Well, one week later it is all happening. But this is just the beginning. We are now entering a period when governments and central banks will totally lose control of markets as their manipulation fails…….more here