Greyerz – Global Chaos Will Increase As The World Is Now Standing On The Edge of A Precipice

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies warned King World News that global chaos will increase as the world is now standing on the edge of a precipice.

“The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists.” — Ernest Hemingway

May (King World News) – Egon von Greyerz, founder and Managing Partner at Matterhorn Asset Management (based in Switzerland):  As the world is standing on the edge of the precipice, there are only unpalatable outcomes.

At best the world is facing a hyperinflationary depression later followed by deflationary depression.

But sadly there is today much more at stake as the West is frenetically escalating the sound of war drums against Russia’s invasion in Ukraine.

THE WEST HAS NO DESIRE FOR PEACE
As the global economy reaches the point of collapse, countries get the leaders they deserve. There is today no leader or statesman in the West who can stand up to Putin in order to negotiate a peace. Biden sadly neither has the vigour, nor the ability to play any significant role in solving the conflict. Also, he has the neocons pressurising him to attack and defeat Russia. And Biden’s rhetoric against Putin is certainly not conducive to peace, with words like war criminal and genocide. Biden mustn’t forget that just in the Vietnam war, the North Vietnamese and Viet Cong are estimated to have lost one million soldiers and two million civilians. Unprovoked wars are of course always senseless whoever starts them.

Technically the US did not start a war against Russia. But Russia will of course argue that the US backed 2014 Maidan revolution ousting the elected President Yanukovych, and that it was a direct threat against Russia. The 1988 NATO map below and the likely one today, if Finland and Sweden join, is clearly a very uncomfortable situation for Russia.

President Zelensky is doing all he can to involve the rest of the world militarily by demanding more money and more weapons from the West rather than putting his efforts into peace negotiations. Ukraine can of course never win the war against Russia alone. And dragging in the US and Nato can only lead to a war of incalculable consequences and potentially a WWIII which could be nuclear.

And in the West, not a single leader is making a serious peace attempt. From Biden to Johnson, Macron and Scholz, we only hear talk of more weapons and more money for Ukraine. This is terribly tragic and a sign of totally incompetent leadership in the West.

Trump had many weaknesses but he would not have hesitated to initiate peace talks with Putin.

WEAK EUROPEAN LEADERS
So the US has no ability or desire to achieve peace. And Boris Johnson has welcomed the war as a diversion from his domestic “Partygate” political pressures and therefore has taken an aggressive position against Russia rather than finding a peaceful solution.

Macron is an opportunist who stands with one foot in each camp by being chummy with Putin and at the same time condemning him…...More Here

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