Today Egon von Greyerz told King World News that global debt has increased 140% in the last ten years. Von Greyerz also said even though the massive creation of debt has yielded virtually no GDP growth, the gold market will soon react to the money printing binge. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say: “We are all focused on the short-term and that’s natural, but let’s step back and look at the longer-term picture because that is really what is important for us today and for the next few years. The bigger picture is so important because very few people understand that the last 100 years are exceptional in history.”
Egon von Greyerz continues:
“The prosperity that we’ve had since the early 1900s, to a great extent is governed by massive money printing. Let’s just take GDP for example. In the first 50 years of the 1900s, for every dollar of debt about five dollars of GDP was generated. So five times the amount of debt created was generated in GDP in the US.
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16 March 2012
Fitzwilson: Hyper-Devaluation, the Electronic Age & Gold
Today 40 year market veteran, Robert Fitzwilson, discussed the electronic age and how it will impact inflation as well as the eventual hyperinflation. He also believes that we have lived through an age when we talked in terms of millions and then billions, then trillions and that quadrillions cannot be far behind. Robert is the founder of The Portola Group, one of the premier boutique firms in the Unites States, and today King World News was given exclusive distribution rights to the following piece:
“Currency & Long-Term Wealth Preservation”
By Robert Fitzwilson, President & Founder of The Portola Group
March 16 (King World News) - For most of us alive today, the currency in our wallets has always functioned as a medium of exchange. It will do so going forward. Where one could find fault with it would be as a form of wealth preservation.
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“Currency & Long-Term Wealth Preservation”
By Robert Fitzwilson, President & Founder of The Portola Group
March 16 (King World News) - For most of us alive today, the currency in our wallets has always functioned as a medium of exchange. It will do so going forward. Where one could find fault with it would be as a form of wealth preservation.
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Sinclair - Is the Fed Selling Europe’s Gold During Interventions
Today legendary trader and investor Jim Sinclair told King World News that a number of European countries are beginning to ask themselves where the gold is coming from which is being used for interventions in the gold market. Sinclair also said some European countries are beginning to think it’s their gold, stored by the US Fed, which is being used for these interventions. But first, here is what Sinclair had to say about the recent plunge in gold: “Eric, this has been going on since $248 in gold. Any idea or concern that this kind of intervention is going to cause the gold bull market to cease or shorten or even contain where it will potentially go is simply wrong.”
Jim Sinclair continues:
“Every time you intervene in any market or any time you intervene economically, it’s the same as using a controlled drug. The first application gives you the best high you’ll ever have. After that you have to do more and more just to near duplicate what you expected.
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Jim Sinclair continues:
“Every time you intervene in any market or any time you intervene economically, it’s the same as using a controlled drug. The first application gives you the best high you’ll ever have. After that you have to do more and more just to near duplicate what you expected.
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SilverDoctors: Open Thread : JP Morgue's Whistle Blower and Monda...
SilverDoctors: Open Thread : JP Morgue's Whistle Blower and Monda...: Monday is the Greek CDS auction when the CDS payouts will be determined and required. Yesterday, JP Morgue whistle blower disclosed JPM's $...
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