Man Who Predicted The Global Collapse Just Warned We Are Headed For A 2nd Collapse That Will Be Even More Terrifying

Today the man who predicted the global collapse and has become legendary for his predictions on QE and historic moves in currencies and metals warned we are now headed for a 2nd collapse that will be even more terrifying.

(King World News) – Egon von Greyerz:  The buzz word of Central Bank Chiefs at Jackson Hole was INFLATION: “The Fed to tolerate higher inflation,” says Powell, “ECB to inject more monetary stimulus to ensure inflation,” says ECB Chief Economist, “Bank of England has ample fire power to support UK economy…… and not tighten monetary policy until inflation returns,” says Governor of BoE.

INFLATION IS COMING
So here we have the Chiefs of three of the mightiest central banks in the world speaking with one voice and telling the world that the solution to the world’s financial woes is inflation. Kuroda, the Governor of the Bank of Japan would have said the same since they have been trying to get inflation above one percent for almost 30 years. 

All these chiefs are singing from the same hymn sheet. Their language is veiled, which is the normal central bank speak. This is not a question of tolerating high inflation. Inflation is already here, but the way it is conventionally measured hasn’t yet shown up in prices. But the central bank (CB) heads know what is next. It is inevitable that the 30% or $6 trillion increase in CB assets this year will have a major inflationary effect. 

Anyone following Austrian economics would have known this for quite some time since in Austrian terms, the proper definition of inflation is increase in money supply.

M1 Money Supply Is Literally Going Parabolic

Commodity Inflation Will Accelerate

Commodities Performance Now Set To Crush S&P 500

HELICOPTER MONEY
What is absolutely clear is that CBs around the world have not just turned on the money spigots but they have had to resort to Bernanke’s old catchphrase of Helicopter Money. The $6T CB money so far is just a few initial specs in the ether. The next phase will see massive dark clouds of money covering the sky. …..More Here

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