Egon von Greyerz: No global exit strategy except deflationary implosion or hyperinflationary depression

According to Herr Von Greyerz, on King World News, the real collapse is going to start now and 2008 was just a rehearsal.

Crivens!

Avoid listening to this if you like being fat and happy.

Link:

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
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3 Responses to Egon von Greyerz: No global exit strategy except deflationary implosion or hyperinflationary depression

  1. bobroddis says:

    The CBS Sunday Morning show yesterday showed a clip of “conservative Republican” Ben Stein advising that “our Federal Reserve has UNLIMITED money creation powers”, so we need to PRINT UP A FEW TENS OF TRILLIONS AND GIVE IT TO EUROPE! A new Marshall Plan.

    http://bobroddis.blogspot.com/2012/06/alex-pareene-and-paul-krugman-should.html

    People watch CBS so they can learn what ideas are cool and popular to hold.

  2. therooster says:

    There’s no need for this financial turmoil but it will persist until the market mindset awakes to the notion that the elite cannot fix this issue, only the organic workings of the free market. Rate of change is critical. Real-time gold-as-money must be introduced, but done so in bottom-up fashion. This is why the elite are handcuffed other than their prescribed role of “carrying the stick”, which in this case is inflation. Buy bullion and personally monetize it to increase systemic liquidity while not increasing debt. Now that bullion trades in Real-Time, the increasing trade price can cover off more and more debt. The dollar’s new role will become more of a real-time measure for gold-money and less as a currency, bridging the two paradigms in the process. Magic ! The dollar’s free floating currency role has been but a stop-gap measure in the transition from fixed value gold to real-time gold.

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