Broken World Economy Cannot Escape Six-Headed Monster Scylla Or The Charybdis Whirlpool


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An additional fall in stocks of 95% in genuine terms versus gold is ensured. Get ready for a summer-autumn of scaries and discontent …

by Egon von Greyerz of Gold Switzerland

As the world economy desperately tries to browse to a safe harbour, is it going be taken down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world badly weakened by financial obligation and mismanagement is unlikely to have the strength of Odysseus to pass both obstacles without disastrous consequences.

HISTORICAL WEALTH DAMAGE ABOUT TO START

  • The worldwide monetary system will collapse and with that the world economy
  • After 50 years of mismanagement and excesses, the world is now in intensive care
  • Trillions of printed dollars produced the illusion of all being well on the Western Front
  • MMT– Modern Monetary Theory supports the ridiculous printing actions
  • But MMT is Money Making Tomfoolery
  • Tens of millions are furloughed or lost their jobs– no issue simply print more
  • Your company is going bust– print some more
  • Leisure industry is collapsing– just print more
  • Federal government deficit rising– no problem, print limitless amounts
  • 2006 -9 was the practice session with the grand spectacle beginning now
  • With the Dow up 5x and Nasdaq 10 x given that 2009, why worry
  • Due to the fact that debts have actually doubled because 2006 to $275 trillion with risk up exponentially
  • World had another caution in Sep 2019 with panic printing by reserve banks
  • Who appreciates cautions– stocks can just go up
  • Obviously no one took warning seriously as stocks went to new highs in Feb 2020
  • Stocks are simply reacting to money printing as basics are weakening
  • And tech stocks are still in euphoria much like1999 We all know what happened then
  • Here is the crux– Stocks topped in Feb 2020 & the correction up completed on June 8
  • Our proprietary cycles confirm that June 8 is the market correction high
  • Impression of a V recovery will be crushed
  • Market crash impends. It could start gradually but it could likewise be violent
  • The catalyst is irrelevant. It might be anything like CV-19 or a bank failure
  • The next leg down in stocks will stun a world which is totally unprepared
  • Dow has lost 67% against gold because 1999
  • Further fall in stocks of 95% in real terms (vs gold) is guaranteed
  • Dollar has actually lost 85% against gold given that 2000
  • United States dollar and all currencies will race down to intrinsic worth of ZERO
  • Big shock will be collapse of financial obligation markets and increasing rates
  • Get ready for a summer-autumn of scaries and discontent

DON’T MISSES OUT ON THE LAST TRAIN TO GOLDVILLE

  • Gold and silver will continue to reflect the damage of paper currency
  • Gold will rapidly reach $2,000+ and silver $23-25
  • Significant gold & silver scarcities coming
  • Medium/long term targets greater than anybody can imagine: $10 k– $50 k?
  • Protect yourself versus bankrupt monetary system & stopped working currency system
  • Hold physical gold as life saving insurance coverage
  • Gold and silver is for everyone not just the wealthy
  • You can purchase one gramme of gold for $60 or one tonne for $57 million
  • One ounce of silver is $20 and a tonne is $580 k
  • Shop it safely outside a failing banking system
  • For larger investors hold the metals outside your nation of home

We have actually had all the cautions.

Do not let Charybdis pull you down.

It would be irresponsible not to take instant

action to safeguard your household and your assets.

Egon von Greyerz

Founder and Managing Partner

Matterhorn Asset Management

Zurich, Switzerland

Phone: +4144 213 62 45

Matterhorn Property Management’s global client base strategically stores a vital part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver an unique and exceptional service to our highly well-regarded wealth preservation clients in over 70 nations.

GoldSwitzerland.com

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