@USAWatchDog interviews @GoldSwitzerland, Founder of Matterhorn Asset Management, says, “You can’t have #governments borrow more than ever and have interest rates at zero. You can only do that temporarily because you have governments printing money and artificially holding interest rates down. That will not last either. So, the reset will be dramatic. It won’t happen overnight, but there will be events that trigger short term pitfalls, but this is a long term thing.” Printing money to support the stock market and the bond market will work for a while, but Greyerz warns, “The ammunition that they have will, of course, be so devalued that nobody will want it. So, any support they try to muster in the future will have no effect. This is why markets are going to be in a terrible state in the next few years. It will be all the bubbles that have been created over a very long period.” Join Greg Hunter of USAWatchdog as he goes One-on-One with Egon von Greyerz, Founder of Matterhorn Asset Management.
Posted on: Sat, 01 Nov 2014 21:23:53 +0000
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