Egon von Greyerz-Dollar Going to Collapse, Debts Can Never Be Repaid
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Egon von Greyerz, who manages the largest gold vault in Europe, says, "We are specialists in wealth preservation. Our task is to analyze the risk and take all the measures possible to protect clients from the risk that we see, and the risks are bigger than ever in the world. . . . We are going to see a major financial disaster and possibly collapse. The world has been living above its means for a hundred years. It has gradually gotten worse as central banks have printed more and more money. . . . Just in the United States, in the last eight years, the debt has increased from $8 trillion to $17 trillion. That is an increase of $9 trillion in just eight years. That is more money than was created in the creation of the United States from over 200 years ago to when Bernanke took over. That is happening everywhere in the world. . . . The dollar is going to collapse, and all the other currencies will follow. It will then be revealed that all these debts can never be repaid. Join Greg Hunter as he goes One-on-One with Egon von Greyerz, Founder and Managing Partner of Matterhorn Asset Management.