Greyerz Just Warned We Are Entering A Global Depression And The Real Inflation Rate Is 20%-30%

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 we are now in the early stages of a global depression.

It’s A Scary Time For People
May 21 (King World News) – Eric King:  “Egon, there is so much to talk about because so many of your predictions have been coming true, and it’s a scary time for people. You’ve said for quite some time that we could head into hyperinflation. You said down the road the US is going to be printing quadrillions of dollars and tens of quadrillions of dollars. We seem to be heading there now even though there is this fake QT going on in the short term. The US economy, and I have this from boots on the ground, has been imploding and it’s been imploding for a short period of time across all sectors. It’s not doing well. That’s propaganda. It’s actually doing quite poorly across the board and it’s deteriorating quickly.

So the US is in a recession. The mainstream media talks about how there’s the possibility of a recession. I don’t know where they come up with this stuff. We’re in a recession. How much worse it will get? I don’t know but it will probably be very serious because we’ve had this “everything bubble.” It’s popped. And now we are dealing with the hangover in front of us from that. As you know, this collapse in the markets will eventually be greeted by the Fed coming in to print more money, which you have always said would happen — that they will try to rescue it — and that will create even more inflation nightmares for people and they are already dealing with these nightmares real-time.”……More Here

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