BUCKLE UP: Greyerz – The Dark Years For The World Are Now Starting In Earnest

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the “dark years” for the world are now starting in earnest.

Sh*t Hitting The Fan
March 6 (King World News) – Egon von Greyerz, founder of Matterhorn Asset Management (based in Switzerland):  When the sh-t hits the fan, it often does it at the absolute optimal time for the maximum amount of damage to take place and with the worst kind of sh-t to soil the world. 

For years I have been clear that the world is reaching the end of an economic, financial and monetary era which will detrimentally affect the world for probably decades.  

It is unequivocal that all currencies will finish the 100+ year fall to ZERO in the next few years. It is also crystal clear that all the asset bubbles – stocks, bonds and property – will implode at the same time leading to a long and deep depression. 

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. 

So as is often typical for the end of an economic era, the catalyst is totally unexpected and worse than anyone could have forecast. 

Yes, I and a few others have pointed out that we are in a war cycle currently and recent events have clearly confirmed this and hit the world with a vengeance…

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Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.

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Just as nobody paid any serious attention to the warning that the Great Financial Crisis in 2006-9 gave the world, few people have taken Putin’s warnings seriously since the 2014 Maidan revolution in Ukraine. 

When sh-t happens at the end of an excessive bubble era, it will always be the worst kind. And what can be worse than a major war that could develop into a nuclear and world war.

Sadly wars are part of history and there is virtually no period in history without a war. Wikipedia lists around 40 ongoing wars and conflicts currently with most of them being relatively small and local. The majority are in the Middle East and Africa. 

Wars are horrible at any level and Russia’s invasion of Ukraine certainly qualifies as another grim conflict that potentially could have been avoided. In the US backed Maidan Revolution in Ukraine in 2014, the Russian friendly Ukrainian President Yanukovych was pushed out. Since then, Putin has always made it clear that he could not accept being surrounded by a US and Western backed Ukraine as well as Nato members with missile system pointing to Russia. The parallel with Cuba, Kennedy and Khrushchev in 1962 is obvious. 

Whether anyone listened to Putin’s demands or not, he made it very clear that he could never let Russia be cornered in this manner. If the US and the West had focused more on critical diplomacy for the sake of global peace, things could have been different. But instead all Western world leaders found nebulous and uncontroversial areas to agree on such as Covid, climate change, wokeism, rewriting history and creating unlimited genders. 

Leaders also deliberately ignored the fact that the world was going towards an inevitable economic debt and asset collapse. Much easier to rearrange the deck chairs than to deal with real and emphatically catastrophic issues. 

So Putin is now the number one enemy of the Western world and rightly so since starting a war is always unacceptable whoever starts it. Lindsey Graham, a US Republican senator just suggested that Putin should be taken out!. But Boris Johnson fortunately disagreed but suggested instead that Putin should be held to account at the International (Criminal) Court.  

Fair enough, war crimes are always crimes and should therefore be punished.

But what is interesting to observe is that if the US starts unprovoked wars in Vietnam, Iraq, Libya or Syria with hundreds of thousands of victims, destroying the fabric of these societies and also leading to anarchy, no one calls for the US president or UK prime minister to be held to account. 

Obviously, the world has never been a level playing field. 

Inflation leading to hyperinflation was always guaranteed in the current debt infested era although the Fed and other Western central banks have never understood what inflation is. Just as they didn’t understand that their fake and manipulated inflation figures couldn’t even reach the Fed target of 2%. Now with real US inflation exceeding 15% (see graph below), the Fed has a new dilemma that they are totally unprepared for. 

The US government conveniently changed the calculation of inflation to suit their purpose. Had they stuck to the 1980s established method, official inflation would be over 15% today and rising.…..more here

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