Financial System Disappearing into Black Hole – Egon von Greyerz

By Greg Hunter’s USAWatchdog.com 

Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled. EvG explains, “The central banks are panicking.  They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis. . . . Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming. . . . The panic that started with central banks in the summer in late July and August was, to me, the first step towards total chaos in the world that we will be seeing in the months and years to come.  They (central bankers) see it clearly. They know the banking system is absolutely on the verge of collapse.  They know Deutsche Bank (DB) and CommerzBank, too, are down 95%.  If you show this chart to a child and ask where is that likely to go, it is likely to go to zero. DB, with their $50 trillion in derivatives, there is no chance they will survive. Of course, Germany and the ECB is panicking because that will affect the whole banking system worldwide.  This is why they have started to print money now because there is a massive liquidity problem, and that’s Germany, which is the best country in the EU from the point of economics.  Then you take Italy, Spain, France and Greece and they are in a real mess.  This is why the whole system is on the verge of disappearing into a black hole. . . . With the U.S., there is massive liquidity pressure there too.”

The massive amount of money printing to keep the fiat system afloat is just starting.  EvG contends, “This is just a practice round.  This is just more money at this point.  The balance sheet . . . of the Fed is going to go from around $4 trillion to $40 trillion.  It is going to go to $100 trillion before this is over. So, right now, they are just practicing a bit because they are going to put the pedal down to the bottom very soon. . . . There is no other way to save this system, it has gone too far. I am not a pessimist. I don’t want to see the end of the world, but you can see their actions. You can see that now there is absolutely no way out. The only thing they know is to print money. They have already reduced rates to zero or negative, which is a disaster in and of itself.”

EvG predicts, “All of these bubble assets that are based on just credit and credit expansion are going to implode measured in real terms, measured in gold. I expect the stock market and the property market to lose at least 95% or more in real terms. . . . The next up cycle for gold (and silver) has started. The next phase of this market has started, and it is going to go on for a long, long time. It is going to go to levels that will be hard to believe today. . . .The world cannot have solid growth until this debt has imploded . . . the transition will be terrible, but I don’t see any other solution to this. . . .The debt can only be wiped out by also wiping out all the asset values. You can’t just make the debt disappear and have the assets stand there at the values that they are today. . . . When this debt is written off or implodes, or whatever they want to call it, that means all these assets are going to go down. That’s why I am saying it is going to go down 95% against gold. There is absolutely no other way, in my view.”

Join Greg Hunter as he goes One-on-One with Egon von Greyerz, founder of Matterhorn Asset Management, which can be found on GoldSwitzerland.com.

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After the Interview:

There is free information and original articles written by EvG on GoldSwitzerland.com.

This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

 

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Comments
  1. paul ...

    We all know the Fed is waiting until November … but as Egon von Greyerz effectively explains: “Europe has already started QE … printing up $20 billion a month … but that’s nothing compared to what is coming … the repo panic is the first step towards total chaos (in a banking system that is currently on the verge of collapse) … both Deutsche Bank (with their $50 trillion in derivatives) and CommerzBank are down 95% … there is no chance they will survive … only massive money printing can keep the fiat system afloat … and when it all finally ends … the debt these banksters have created will be written off … but in a world of paper… what will all this paper debt be written off against? … written off relative to fiat paper?? … no … all the paper debt will be written off relative to gold … more then likely all the paper debt will be written down 95% against gold”!!

  2. paul ...

    A good man went to the United Nations today and told the Nations of the world: “Cherish your culture, honor your histories, treasure your citizens, make your country strong and prosperous and righteous … honor the dignity of your people and nothing will be outside of your reach” … doesn’t this sound almost like the second coming of Jesus Christ!! … https://www.zerohedge.com/political/trump-un-future-does-not-belong-globalists

  3. JC

    Thank you Mr. Hunter and Mr. von Greyez. Richard Russell would strongly agree.

    Doomed. Richard Russell (God rest his soul) predicted what is coming many years ago…. see below (I love his reference to fiat money as ” irredeemable junk paper.”)

    The whole system is obviously doomed, but the world’s politicians don’t think in terms of “doom.” Doom is in the future, and politicians are concerned with “now,” and the next election.
    You want to leave your kids or grand-kids something of guaranteed value? Buy them gold coins — don’t leave them dollars in the bank. That’s the true use of gold. When everything else comes into question — only gold will be trusted. Thus it has been since the dawn of civilization.

    At present, in terms of Federal Reserve Notes (dollars), they’re “giving gold away.” It’s a bargain — IF YOU’RE WILLING TO WAIT.

    Big money loves cheap gold. The lower the dollar price of gold, the more gold they can accumulate with their irredeemable junk paper.

    http://www.321gold.com/editorials/russell/russell081204.html

  4. paul ...

    You know … too bad Tulsi Gabbard is not a republican … she would have made an excellent choice for VP on a Trump ticket in 2020 … I bet with such a ticket Trump would carry both New York and California!!

    • paul ...

      What a shame that “truth telling” is so frowned upon by immoral men and women running the DNC and the Main Steam Media … that a father must cry out for the life of his son!! https://www.zerohedge.com/geopolitical/theyre-murdering-my-son-julian-assanges-father-tells-pain-and-anguish

      • Ismar Didic

        Egon❤

    • Hedgehog

      Paul, Trump is not going to be President much longer, much less a second term. . Corruption, incompetence and sheer stupidity are -thanks to the Constitution-are able to be removed under the law of the land.

      • Greg Hunter

        Hedgehog,
        Our very own fact resistant Marxist/Democrat paid by the globalists. The person with “sheer stupidity” here is you–NOT Paul. Paul you are over the target to get this kind of response, so keep it up man!!
        Greg

  5. Anthony Australia

    What a way to whack people, force them to borrow and buy assets that will depreciate and even if you do sell in time you’ll hold worthless paper currency.

    • Paul in oz

      they are not forced, just not awake … do what you can to wake people up …I have gotten a couple of people to buy pm’s I will keep trying, but we are voices crying in the wilderness.

      • Anthony Australia

        They have to Paul, where else can they live? Aussie homes used to be semi affordable, now off the planet.
        Inflation, cheap $2 shops and shopping centres that have round the clock ‘sales’.
        I sat at one the other day and too a good hard look through my awakened eyes,. I can tell you it’s terrible! People look like zombies with all hope completely sucked out of their sails.
        The middle class has been decimated.

      • Anthony Australia

        Love your efforts too Pauly

    • Better Chetter

      there was a time when a million was an enormous figure to have/ponder … then it was a billion … now it is a trillion … soon to be a quadrillion or centillion (?)
      Europe has gone past its due date for overprinted currencies & the US shall go far beyond it, as well.

      • Anthony Australia

        Agreed, a million on the 80’s and you could buy the entire neighbourhood , now luckily if you can your own block.

  6. paul ...

    You know … it is very obvious to me that the Deep State MIC Neocons and the Bankster Cabal are working closely together to do everything in their power to create war conditions in the Middle East … that will raise the price of oil to over $100 dollars per barrel … the MIC neocons need a good war to sell all the guns , planes, tanks, rockets, etc. they manufacture … the Bankster Cabal need a good rise in the oil price to make all the tons of precious metal they have been buying and accumulating as a tier one asset rise sufficiently to bail them out of al their debt … a lot of ordinary people realize this … one simply has to look at how silver reacts to a rise in crude oil … http://www.zealllc.com/c2005/Zeal100705A.gif … there are a lot of people who are not as stupid as the neocons and banksters make them out to be … as Egon von Greyerz tells us: “my (his) contacts at the Perth Mint, in Europe and at the Swiss refineries are telling me (him) there is massive demand for silver in the physical market (even greater then gold) that is resulting in backlogs and delivery delays”!!!

    • paul ...

      Seeing as how the chocolate bar loving millennials won’t be buying gold or silver to save themselves from total economic annihilation … the banksters have a plan “to keep the pigeons spending money to boost the economy” … they plan to use Modern Monetary Theory (MMT) (better known as the people’s QE) to put money “directly into the hands of the public and private sector spenders … putting “a little money” directly into consumer’s hands “through a guaranteed yearly income” will be chicken feed compared to the “hundreds of trillions that will be doled out to the banksters” (who are an exceedingly jealous bunch) who like to put chains on ordinary folks (even to the point of making them eat maggots rather then hamburger meat) by chaining the CPI each year!! https://www.zerohedge.com/economics/draghi-open-mmt-and-peoples-qe

      • paul ...

        The 2020 Social Security COLA will likely be 1.6% … with all the money printing the Fed “is doing” with repo’s and “will be doing” with the coming QE … American’s will be given the smallest annual Cost of Living Adjustment in the last three years … following a 2.8% increase in 2019 … and a 2.0% hike in 2018 … https://www.investmentnews.com/article/20190912/FREE/190919973/2020-social-security-cola-expected-to-be-1-6

        • Da yooper

          Hey Paul

          Regarding “The 2020 Social Security COLA will likely be 1.6%” Just another example of the old saying that

          “Figure dont lie – But liars sure can figure”

          They will bail out the fed & it’s wall street bankers at any cost & screw those on Social Security when ever they can kinda has a racist overtone to it if you ask me.

        • Beverly

          Paul,
          It’s not just the corrupt bankers that are leading the show. Believe it or not, the Catholic Church is very involved in all of this Communism/U.N./One World Order crap. The Pope is clearly a Communist and is trying to get people within the Catholic Church to give up their morals. But, the Catholic Church is involved in drug trafficking, sex trafficking, pedophilia and this kind of corruption. People need to be aware of this so they are not led away and deceived by somebody they think is some kind of a prophet.

    • Blancojoe

      Great interview as always. Ergon is brilliant.
      Afterwards I watched gold and sliver plummet after overnight highs. The manipulators keep at it. How I would like for us all to “Storm The Bastille”. Then fill the tumbrils with banksters.

  7. William Stanley

    Mr. Hunter,
    EvG has monumental credibility. Thanks for bringing him on.

  8. Ronnie

    I used to get peace and great comfort from you show. I would take your advice and invest in gold and “little mans “ ..silver. You have always been correct. Your guests are the best of the best.
    But now the fear factor has taken hold. I am getting the “Willies,” as we would say as small children when frightened. The central banks are plunging everyone into the madness of their self created Vertigo.
    Your guest Johnathan Cohan . Just read his book The Harbinger. Now reading his latest.
    What he does is confirm your, “sign off homely,” as truth , the whole truth and nothing but the truth. I fear not for my self but for the wilfully blind and deaf that surround me.
    This video encapsulates the madness of our greed. What a smart and honest man. Such as yourself.

    • Paul in oz

      there is still peace to be found in being part of Greg’s community …. we have a mission which is to work to convince people the advice we are blessed with on this platform is disseminated amongst those awakening. Remain as steadfast as Greg in doing so in thanks for his efforts.

  9. Mike

    Jim Willie reports that interest rate derivatives increased by $6.5 trillion per day in April 2019 according to BIS data. That is the US national debt in less than 4 days. That is the missing $21 trillion in less than 4 days. The money supply has gone vertical signaling the end phase of the financial system. No wonder the central banks are in a panic.

    • Anthony Australia

      Very smart Cookie the old Jimbo

  10. Jerry

    Greg,
    This is the only chart you need to understand.
    https://fred.stlouisfed.org/series/M2V

    Anyone with half a brain can see where this is headed. The Fed last week had no choice but to do repos because liquidity in the system was beginning to seize up.

    We do multimillion dollar real estate investments all the time, and I can tell you with 100% clarity that the only time banks are making money is when they are lending it out. But the problem is, they can’t lend it out fast enough, to pay off the debt that is steamrolling behind them. For all intents and purposes, the banks are in a death spiral they can’t escape.

    History truly does repeat itself.When this happened before in 1929,
    the panic caused the markets to crash, and banks called their notes
    due, grabbing every hard asset they could get their hands on. Luckily for my family, we didn’t owe any money so we were able to weather the storm. But today, the idea of cheap money has lured people into the biggest debt bubble in history. Money printing may delay the collapse, but it can’t stop it.

  11. Rob

    The masses are definitely like sheep who are blindly being led down Revelation chapter 13 all within the next decade:

    https://www.pymnts.com/commerce-connected/2019/what-trendsetters-say-about-how-we-will-pay-next-decade/

    Revelation 13:14-18 And he deceiveth them that dwell on the earth by reason of the signs which it was given him to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast who hath the stroke of the sword and lived. (15) And it was given unto him to give breath to it, even to the image of the breast, that the image of the beast should both speak, and cause that as many as should not worship the image of the beast should be killed. (16) And he causeth all, the small and the great, and the rich and the poor, and the free and the bond, that there be given them a mark on their right hand, or upon their forehead; (17) and that no man should be able to buy or to sell, save he that hath the mark, even the name of the beast or the number of his name. (18) Here is wisdom. He that hath understanding, let him count the number of the beast; for it is the number of a man: and his number is Six hundred and sixty and six.

    Know your enemy for he is within:

    https://sumofthyword.com/2017/01/18/the-mystery-of-lawlessness/

    • eddiemd

      Next decade?

      How about in the next 12 months. It is already in motion. The deception is here.

      The harvest is ready.

      • Rob

        The harvest will not be brought in until after 7 years of tribulation:

        https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/

        • eddiemd

          Today is the day of salvation. Not in 7 years.

          The harvest is always ready. All through history there have been revivals and outpourings of the Holy Spirit.

          Now is the time.

          • Rob

            Yes bro I understand the harvest is always ready and salvation of spirit AND soul marks those who will be harvested but the reapers do not bring the harvest into the barn until the end when it is ripe:

            Matthew 13:30 Let both grow together until the harvest: and in the time of the harvest I will say to the reapers, Gather up first the tares, and bind them in bundles to burn them; but gather the wheat into my barn.

            Revelation 14:15 And another angel came out from the temple, crying with a great voice to him that sat on the cloud, Send forth thy sickle, and reap: for the hour to reap is come; for the harvest of the earth is ripe.

            https://sumofthyword.com/2013/03/06/book-of-life/

  12. andyb

    Greg: great catch in Egon! He’s a wealth of truly accurate information; more so than many of the financial pundits. It should be noted that under the old, but discontinued FASB accounting standards all major global banks would be technically insolvent. So too most of not all of the G7, most notably the EU, Japan, Germany, Italy and Greece as Egon correctly summarizes. The one saving grace for the US is that it is the cleanest dirty shirt and irrespective of repos or QE 4, the dollar will be strengthened by global inflows looking for yield for at least a year until everything goes poof. Trump, therefore will not see a dramatic US recession until after he is re-elected which, short of massive voter fraud will be a slam dunk.

  13. David

    Excellent!

  14. Russ

    Thanks Greg, outstanding interview. EvG is very knowledgeable and you keep his views in perspective relative to us small guys.

    I had not heard the thought that a debt reset must be balanced with an asset value reset, but it makes so much sense. Then he backs up the interviews with Nick Barisheff and Bill Holter — there’s virtually no disagreement between three very smart guys. That’s not confirmation bias — that’s people who see the facts before them and tell it like it is rather than how they’d like it to be.

    At this point the global reset is all about the timing and national leaders vying for position in a post reset world. IMO the trade talks between the USA and China are central to this. Trump and Xi both want what is in the best interest of their respective countries. Putin too, but Russia is sitting on gold and very little sovereign debt that Vlad can sit back with his popcorn and watch the sparring. IMO the EU is already a basket-case.

    That’s why President Trump wants to bring manufacturing back to the USA. So let’s say this reset happens but China is still making everything, including Chevrolets. What can the US do but go right back into debt. Without a manufacturing base, how does the US rebuild? We can’t… Interesting times ahead.

    Sorry for going on. Thanks again.

    • Greg Hunter

      You are right Russ. These guys have formed a consensus and do not talk to each other.
      Greg

      • The Queen's Regent

        When did Bo say the stock market would crash and gold would go vertical? Still waiting…

  15. JC

    Interesting… the latest by Martin Armstro