Greyerz – This Global Collapse Will Feature Food Shortages, Stock Market Crashes And Unprecedented Panic

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that this global collapse will feature food shortages, stock market crashes and unprecedented panic.

Each week Egon von Greyerz articles are published first on King World News

September 25 (King World News) – Egon von Greyerz, Founder of Matterhorn Asset Management (based in Switzerland):  As the dark years are nearly upon us, the world is now approaching survival mode. Admittedly, if you go to a high class restaurant in New York, London or Zurich, there are no signs of misery but instead of incredible affluence. 

What is happening to middle America or England has not yet reached Wall Street or the City of London where exquisite food is plenty and excellent wines are flowing.

This is of course no different to the end of eras with major excesses and decadence. It was the same at the peak of the Roman Empire 2000 years ago or in 1929 just before the Dow crashed 90%. 

Main Street is already in survival mode with cost of living increases of a magnitude that ordinary people can’t afford. Energy, fuel, food, mortgage rates, rents and most things have gone up by 10-20% or more in the last year. 

MORE ABOUT EXTREME RISK AND GLOBAL WARNING AT THE END OF THIS ARTICLE

Everything has happened so quickly that people are in shock. But it is a fact that real MISERY has now hit ordinary people. 

As Charles Dickens wrote in David Copperfield:

Annual income twenty pounds,
annual expenditure nineteen six,
result happiness. Annual income
twenty pounds, annual
expenditure twenty pound
ought and six, result misery.

For Main Street it is no longer a question of making ends meet but of economic survival…

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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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The Fed and other so called “independent” central banks are doing all they can to exacerbate the crisis. The Fed’s official two tasks are stable inflation and full employment. 

Stable inflation the Fed has in latter years defined as 2%. How they arrived at that, they probably don’t know themselves since there is nothing good about 2%. Because an annual inflation rate of 2% means that prices double every 36 years which is highly undesirable.

Anyway, with pumping up M1 Money supply by $19 trillion between 2006 and December 2021 and keeping interest rates at 0% they didn’t have a clue why inflation was going up. 

Many of us were laughing at Powell and Lagarde when they called the increase in inflation transitory!…..More Here

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