Global Financial System Broken & Bankrupt – Egon von Greyerz

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland. More than a year and a half ago, EvG warned here on USAWatchdog.com that “risk is exponential and unmeasurable” because of the estimated two quadrillion of derivatives and debt in the global financial system. He also warned that “at some point, all hell will break loose.” Looks like hell has indeed broken loose because of the China virus, and now EvG contends, “The system is bankrupt. . . . The system is broken and bankrupt. This did not start now with the Coronavirus. It didn’t start in August and September (of 2019) when central banks said we would do everything we can with the Fed QE, repos and the ECB (European Central Bank) QE. . . . This started a long time ago. The system was broken at the beginning of this century. The 2007-2009 crisis was the first signal that the financial system was not functioning. They threw $25 trillion at it in financing and guarantees, etc., but I always said 2007-2009 was a rehearsal. We are now approaching, sadly, the real thing. This is the end of a two to three hundred year cycle. So, we are going to see some extremely difficult times. The Corona virus is a horrible catalyst, but that is all it is. It’s not the reason for the problem. The reason for the problem is a broken financial system . . . and now we are starting the final stage of the end of this financial system.”

EvG also says the reaction to the China virus is the same worldwide. EvG says, “You are seeing food shops with empty shelves. People are panicking. So, that is the first reaction to the Coronavirus, but they have not realized the big problem is in the financial markets. It is in a system that has no liquidity or money, and it has to print more and more. At some point, people will realize there is no money, and you will have the same reaction. People will be lining up outside of banks or they will go to their ATM machines to get money and, of course, they will have to reduce it. Now, in most countries, there is no cash. So, it is easy for them to shut off the system.  There will absolutely be shortages of cash for people, otherwise, you will have bank runs.”

EvG contends, “They have managed to maintain totally false markets with no real price discovery, certainly since 2009, by just flooding the market with so much money. We don’t have any real markets. We don’t have any real prices. It’s all fake. It’s all fake because it’s all supported by fake money.”

So, real money, that EvG says is physical gold and silver, is going to be revalued much higher. EvG says, “Technically, gold and silver will soon start the next leg up. . . . What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that’s just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency.”

EvG also predicts that before it’s over, the stock market will be down 90% or more. EvG says, “In 1929, the market crash took 2 ½ years to go down 90%. The bubble is much bigger now, so it could go very, very fast. . . . The risk is at a level now where the world cannot be saved.”

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

(To Donate to USAWatchdog.com Click Here)

After the Interview: 

Off camera, EvG went on to say the biggest financial problem the world faces is in the bond market. EvG says, “The biggest crash will be in the bond market, and this crash will happen faster than anybody will believe.”

There is free information, articles, videos and analysis on GoldSwitzerland.com.

 

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Comments
  1. Anthony Australia

    Excellent interview Greg.
    The globe is shutting down, still spinning I hope, all this because of money!

    • Justn Observer

      CHERETTE ZOOMS IN ON PATIENT # 0 and #1 in Wuhan ? Was the virus set up to be a distraction from what was in play and a possible ‘scapegoat’ for blame away from Central bankers?
      https://youtu.be/moT5qxeC6Fk

      • Cosgrove Smithers

        Justn Observer 03/22/2020 • Reply
        https://youtu.be/moT5qxeC6Fk
        From the Comments;
        Jody Troupe, ​Hi all and waiting patiently.

        Str8arrow, 62​Never imagined everyone would go full blown hypochondriac over what amounts to a cold to most…zero cases here and yet the commie governor has unemployed many family members.

        Conni Bevan, ​Awesome. We’re waiting! 😎

        Str8arrow62 ​And the sheeple just baaa like sheep.

        Peter Torbay, ​if it’s just a cold virus why did Trump just go to DEFCON 1?

        • WD

          I still dont know anyone who has it

      • Jerry

        Justn Observer,
        The whole thing is a scam to reset the banks with digital currency and move us all toward agenda 21.
        https://www.ledgerinsights.com/imf-pros-cons-central-bank-digital-currency-cbdc/

        I’m losing confidence by the day, that President trump is in control of anything. I’m beginning to think he’s been compromised since he has yet to move on any of his executives orders to take down the deep state. What is he waiting for? Complete collapse?

        • K. Wayne

          China making noises about the need to refrain from using paper money ( carrier of the Virus) last month. How quickly that has found its way into the US Corporate / Retail scene is simply breathtaking.

          Agree on the lost confidence……
          “only 15 infected in America….., this will go away very quickly……, we will have this under control……., we have the best people working on this….., we acted very fast on this……, I acted without delay where Europe didn’t…….,buy stocks they look cheap….., the common flu kills more people every year…..”.

      • Freebrezer

        Greg – nothing I write will post – see if this gets through?

      • Freebrezer

        J O – I have read a whole lot of the conspiracies per how the virus got going … it was plotted this way or the virus was planted and came about that way etc, etc,. How about Occam’s razor – the simplest explanations is usually always correct … disgusting living condition and despicable hygiene or the second possibility, human greed overlaid on the despicable hygiene. … Human greed … some person, who was a nobody at the Wuhan L-4 lab, was taking the test animals and selling them to the wet/live meat market … see clip above to further my point. Through-out human history, plagues have always came from filth and poverty! In my humble opinion the Chi-com virus is no different. Your video has a very sexy, sexy plot but Occam’s razor is usually right. Note: the chi-coms boil both dogs and bats alive and start eating them right before the animal dies – they taste better (?/disgusting). And no one seems to want to acknowledge that Bats harbor (and for some reason are immune too) about every bad virus known to man, and sometimes these viruses jump to another species including us … the chi-coms eat these things while still alive. Take rabies – comes from bats and most often has no affects on the bats!

        • Freebrezer

          My clip will not post – thus just search for China wet live meat market to get my point.

      • sam

        Greg
        can you get Martin Armstrong back on in this time of manufactured crisis please?

    • Rob

      Father is setting the world up for the last 8 years that will commence soon:

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

    • eddiemd

      Ephesians 1:3-14

      Redemption in Christ
      3 Blessed be the God and Father of our Lord Jesus Christ, who has blessed us with every spiritual blessing in the heavenly places in Christ, 4 just as He chose us in Him before the foundation of the world, that we should be holy and without blame before Him in love, 5 having predestined us to adoption as sons by Jesus Christ to Himself, according to the good pleasure of His will, 6 to the praise of the glory of His grace, by which He made us accepted in the Beloved.

      7 In Him we have redemption through His blood, the forgiveness of sins, according to the riches of His grace 8 which He made to abound toward us in all wisdom and prudence, 9 having made known to us the mystery of His will, according to His good pleasure which He purposed in Himself, 10 that in the dispensation of the fullness of the times He might gather together in one all things in Christ, both which are in heaven and which are on earth—in Him. 11 In Him also we have obtained an inheritance, being predestined according to the purpose of Him who works all things according to the counsel of His will, 12 that we who first trusted in Christ should be to the praise of His glory.

      13 In Him you also trusted, after you heard the word of truth, the gospel of your salvation; in whom also, having believed, you were sealed with the Holy Spirit of promise, 14 who is the guarantee of our inheritance until the redemption of the purchased possession, to the praise of His glory.

      Jesus Christ of Nazareth. Messiah. El Shaddai. Lion of the Tribe of Judah. Wonderful. Counselor. Almighty God. The Name above all Names. Call upon Him. Rock of my Salvation. Glory to the King of Kings. Hosanna!

    • eddiemd

      Bioweapon engineering and CRISPR technology. CRISPR can be used for good and evil purposes. The coronavirus represents an easy genome to manipulate in the lab.

      https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4445958/

      http://news.mit.edu/2019/new-crispr-platform-expands-rna-editing-capabilities-0711

      Could the Wuhan virus be a CRISPR engineered bioweapon? Perhaps. Who did it? CIA/Deep State or the Chinese? The Russians and Chinese know the answer already.

    • sam

      https://bigthink.com/paul-ratner/34-years-ago-a-kgb-defector-described-america-today
      The third stage would be “crisis”. It would take only up to six weeks to send a country into crisis, explained Bezmenov. The crisis would bring “a violent change of power, structure, and economy” and will be followed by the last stage, “normalization.” That’s when your country is basically taken over, living under a new ideology and reality.

  2. Cosgrove Smithers

    Why does Russia, population 144 million, have fewer coronavirus cases than Luxembourg?
    By Mary Ilyushina, CNN 13 hrs ago
    http://www.msn.com/en-us/news/world/why-does-russia-population-144-million-have-fewer-coronavirus-cases-than-luxembourg/ar-BB11vhDw?li=BBnb7Kz&ocid=iehp

    • paul ...

      Putin is a smart man … he immediately and completely shut down all Russian borders (unlike the US and others) and “did not let anyone in” … Russia’s early response “paid big dividends” (he completely shut down Russia’s 2,600 mile border with China as early as January 30) … and he set up quarantine zones where people from other countries who wanted in “had to wait two weeks and show no symptoms” before being let in!!!

      • Freebrezer

        Paul – Yep – Putin is one smart dude. The SOB jumped on this earlier then the Chi-coms! He must have some exceptional advisors that said her are the curves and this is how it will play out … and more importantly he acted on it!

  3. paul ...

    WHO would have imagined … that the Central Banksters would be the Globalists best friend … doing everything in their power (supposedly fighting the Corona Virus) to eliminate their huge paper debt obligations … through hyper-inflationary currency debasement!!

    • JungianINTP

      Paul, you’ve
      nailed it. -Rick

      • paul ...

        The idiot globalists bragged about releasing this Corona Virus upon the world (over a year ago in Davos Switzerland) … so “they” could take full control of “all world governments” (thinking they would be immune from prosecution for mass murder)!!! … https://www.infowars.com/podcast/

        • paul ...

          Bill Gates has humanity targeted for destruction the same way George Soros (or actually György Schwartz before the family name change) targeted his Jewish cousins to the Nazis for a ticket to London … and what happened to Soros’s Jewish cousins is now happening to everyone dying of the Corona Virus (Cremation) … the sad reality we face is that in this evil world “some people” will do anything for a buck!!

    • Hilde

      Talking about WHO, World Health Org’s Tedros is in the palm of their hands. There’s something about him covering up a cholera epidemic while he was health minister in his home country Ethiopia. Nevertheless they certainly got a guy who will say anything THEY want.
      And what is it about it being the Rothschilds who created World Health Organization in the first place?

      https://www.nytimes.com/2017/05/13/health/candidate-who-director-general-ethiopia-cholera-outbreaks.amp.html
      https://www.globalhealthnow.org/2017-05/cholera-cover-charge-hurled-tedros

      The death rate percentage he went out with was nonsense, well knowing that probably hundreds of thousands had the virus with mild symptoms and of course never being tested.
      Whole families having to stay inside for one and two weeks because one single family member has a runny nose. That’s what I call police state. And can you get tested? Of course not. Certainly not in Europe anyway. Nah, that would be too simple.
      Boy is this ever a working plan for the 1 % elite to scare people out of their wits and get their cashless society by 2030. Cash can have virus! Oh dear!

      This will cheer you up:
      https://m.youtube.com/watch?v=OQgsJL5_EbI&t=8s
      Here’s some more interesting info:

      https://youtu.be/p_AyuhbnPOI
      Hope the links work.
      In Norway and Denmark laws were avoided in the last minute by alert lawyers. These laws would have allowed police to enter your home and arrest you for breaking various parts of the new rush rules laid out.

    • Stan

      Paul: The Dollar is getting stronger, not weaker.

      • Greg Hunter

        Stan,
        For now.
        Greg

      • paul ...

        Stan: Gold is getting stronger, not weaker … https://www.kitco.com/charts/popup/au24hr3day.html

        • paul ...

          Look at the Debt Clock Stan and tell me “how strong” the US dollar is getting … last August 28, 2019 it took 5,958 US debt dollars to buy one ounce of gold … as of today March 24, 2020 it takes 12,982 US debt dollars to buy one ounce of gold … the US dollar’s value has already been cut in half!!! … you call that stronger not weaker?????
          PS: Same with silver Stan … it went from 725 US debt dollars to 1,566 debt dollars today … and the Fed “hasn’t even begun” to bail everyone out!!!!!

          • paul ...

            I hope everyone took advantage and bought silver and gold coins (when I was bashing the bankster shill … Stan) who was trying his best to keep everyone out of the precious metals … according to the Debt Clock today … one ounce of silver is worth just about what gold is currently selling for!!! … if anyone can get their hands on a one ounce physical silver coin … do it (they are currently worth $1,566 US fiat debt IOU’s!!!

    • Ed

      Because back when CNN was castigating President Trump as a racist for suggesting we curtail air travel from China, Russia, China’s friend , neighbor and strategic ally shut its border with China completely, early and immediately after the alert went up.

  4. Olaf - Australia

    NISAN 10 = April 4th 2020 – It is just 13 Days time.
    Mark 13:19. For [in] those days shall be affliction, such as was not from the beginning of the creation which God created unto this time, neither shall be.
    20. And except that the Lord had shortened those days, no flesh should be saved: but for the elect’s sake, whom he hath chosen, he hath shortened the days.
    Many do not know, but the FIRST Month of the Jewish Calendar is NISAN.
    It starts on the 26th of MARCH in 2020. NISAN 10 is when Israel Crossed over Jordan into their Promised Land.
    Joshua 4:19. And the people came up out of Jordan on the TENTH [day] of the FIRST month, and encamped in Gilgal, in the east border of Jericho.
    The 10th Day of NISAN is April 4th 2020. Time to go to OUR Promised Land?
    Before JERICHO was taken out by Israel, it was in LOCK-DOWN, like our Earth!
    Joshua 6:1. Now Jericho was STRAIGHTLY SHUT UP because of the children of Israel: NONE WENT OUT, NONE CAME IN.
    2. And the LORD said unto Joshua, See, I have given into thine hand Jericho, and the king thereof, [and] the mighty men of valour.

    Palm Sunday was ALSO when Jesus rode an Ass into Jerusalem on NISAN 10.
    Matt.21:9. And the multitudes that went before, and that followed, cried, saying, Hosanna to the son of David: Blessed [is] he that cometh in the name of the Lord; Hosanna in the highest.
    Matt.23:39. For I say unto you, Ye shall NOT SEE ME henceforth, TILL ye shall say, Blessed [is] he that cometh in the name of the Lord.
    I may be WRONG, Sounds like a RAPTURE on NISAN 10 to me!

    • Bob Lamb

      Don’t hold your breath! “Rapture” (term not in the Bible) will happen after tribulations when the saints will meet him in the air.

  5. K. Wayne

    Great interview Greg.

    1) EVG correctly observes that the World has a broken and bankrupted Financial System.
    2) He also states that the horrible catalyst for the end of the financial system is the Corona Virus.
    3) One other very important factor in the equation for One World Government is that the World’s natural resources are owned and controlled by the ruling elite. Take special note of all of the collateralized assets of the World and which parties hold them as guarantees on Loans.
    Each of the above have a high degree of commonality. They each share the same architect, designer , creator……… MANKIND.
    Bankrupting the world is a product of the Luciferian Banking Elitists.
    They have achieved this whilst ensuring they have unfettered control over the globes’ natural resources.
    To bring about the great RESET…..there was a requirement to cause a Global Economic disruption/displacement without drawing attention to the true makers of the Bankrupt Financial System. They have pushed this program and delayed as much as possible….the day of reckoning. The great unwinding has begun. The move to a One World Government is already in motion.
    -Witness the intentional delays of testing and test kits
    -Witness the false narratives by Governments worldwide – not a pandemic, not an emergency……et. all
    -Witness the delays in isolation and quarantining
    -Witness the Global manufacturing shutdown
    -Witness the shortages of supply and supply interruption
    -Witness the closing of borders
    -Witness the State of Emergency
    -Witness the self-quarantining and soon to be forced quarantining
    -Witness the closing/shutting of Global Airlines and Major Corporations
    -Witness the soon to be millions of UNEMPLOYED
    -Witness the soon to be BANK-RUNS
    -Witness the so to be SUDDEN CLOSING OF BANKS
    -Witness the soon to be BAIL-INS
    -Witness the stock market crashing 75% from now
    -Witness the Governments (globally) programs/actions to instigate the issue of FREE MONEY to the citizens (a pre-cursor to UBI …..a Socialist/Communist mantra)
    -Witness the deployment of National Guard
    -Witness the confiscation of Real Private Property for use in Medical Emergencies
    -Forced curfews are next as will be inability to provide food for oneself.
    -Surrendering of all firearms will follow. Once achieved….America as we know it will change forever.
    -Witness the re-emergence of China whilst the West crumbles.

    If you have two eyes and a functioning brain……the future has been planned and mapped out for you. If you think or believe that future is bright and optimistic…then you need to remove your rose colored glasses and stop living in denial.

    A Dystopian world, Orwellian in nature, awaits every living sole.

  6. Country Codger

    Egon, wonderful insight.
    Greg, take a deep breath and relax. You get so excited but, that is just a sign of passion for what you do and, you are very good at it.
    Shalom,
    CC

  7. IVAN

    Greg this is just my opinion . At one of president Trump’s public addresses for the coronavirus , he said it’s a good time to renegotiate the debt ;thus, I think he is using the coronavirus as cover to renegotiate or wipe out the national debt .Trump knows that giving out money to everyone will cause hyper inflation , so he is doing it on purpose to lower the value of the national debt so he can either renegotiate it or to wipe it out . More money then goods causes hyper inflation, hyper inflation devalues the dollar and a devalued or zeroed out dollar lessen or wipes out debt . I could be wrong, but I think this is what’s happening.

    • Occasnltrvlr

      A devalued dollar does not, cannot, alleviate debt.

      As the monetary system works now, the existence of currency REQUIRES debt. If debt is wiped out, currency would NECESSARILY deflate, and implode.

      More likely, when Trump is talking about “renegotiating” the debt, think a fully-negative yield curve, and a prime rate below zero.

  8. K. Wayne

    In light of the current state of affairs it is worthwhile re-publishing a comment I made back on 02/26/20

    K.Wayne 02/26/2020 •
    ……..is the perfect breeding ground (Epicentre/ Ground Zero) for deployment of such a deadly biological weapon. Non-testing of asymptomatic carriers is the key element here. It will be this fact alone that will enable the Virus to achieve the desired unthinkable outcome…to further the plan for One World Government.

    If all of this sounds too much….. is implausible conspiracy theory nonsense……then consider 9/11 – The staging of the War on Terror….The Endless Wars. These Evil beings can devise anything that will bring their dream to reality.

    Here I present a video link of an interview……for those who have some uncertainty about past events and how they are constructed ahead of time…..as part of a Master Plan……… and how I contest that That Plan, is now being further perpetuated as explained above.

    Brilliant and if true….absolutely terrifying.
    https://www.youtube.com/watch?v=h9Wsb4qBckU

    Now consider the above in the context of what Mike Adams has released today. This is indeed a planned (as in years ago) event.
    https://www.naturalnews.com/2020-03-21-high-level-government-source-warned-me-two-years-ago-cities-locked-down-under-quarantine.html
    There are clearly no boundaries for EVIL.

  9. IVAN

    P.S. Greg, don’t forget that our president hung a portrait of Andrew Jackson’s in the oval office when he moved into the white house .

  10. Graham Moreton

    Hi Greg,
    Thank you. I have been watching USAW for ten years and you have provided the guidelines for getting thro this mess. I have no debt, I have land on which I have grown my food,I have gold and silver…………. I sleep at night. We are going into lockdown now people are being arrested for fighting / stockpiling food. I hope you make it, thanks again.
    Graham

  11. JC

    Here is the latest from G.A. Stewart at The Age of Desolation site. Everything that is happening is in the book. Read it. Here is an excerpt from the latest post.

    I gave everybody the year of Nostradamus’ Great Plague in 2010.

    The Age of Desolation, G. A. Stewart, 2010, Page 375

    I presume Henri Selin and the Great Lady will nearly die in 2020 from the plague.

    And in 2013, I made it clear where Nostradamus predicted the world was heading.

    Nostradamus and The Age of Desolation, G. A. Stewart, 2013, Page 17

    Global Economic Collapse will lead to Global Systemic Collapse, nuclear war, and then humanity will slide into a Second Dark Age. This Second Dark Age will in all probability last the next three or four generations.
    The Doom and Gloom Hustlers pretend to be insightful and forward thinking.

    I know that Nostradamus’ prophecies are as ethereal and non-local as a silent fart in a crowded room. Nobody likes the smell, nobody knows where it came from, and everybody pretends it does not exist.

    https://theageofdesolation.com/nostradamus/index.php/2020/03/21/the-oracle-ah-no-medieval-ah-yes/

  12. regaleagle

    Silver spot is fictitious versus real demand for the hard asset. The premium is at $9.99 only because the paper market(fake/depressed value) is so low versus actual demand. Gold is the same, but not quite as scarce or depressed……but still highly depressed. When comparing spot prices between the two……it appears the Silver/Gold Ratio is hovering around 120: 1…….extremely high. However, since Silver is more depressed percentagewise than Gold……as Egon von Greyerz alluded to in this interview…….we can assume the real ratio(acquisition price) will fall somewhere in the 90:1 range after premium. Since the acquisition price includes premium, it really doesn’t matter how high the premium appears to be in relation to spot when we all know the spot is fictitiously low(extremely depressed). I guess we could conclude that today’s acquisition price is still a bargain when you consider all circumstances. Cash will be King for a short time(anybody’s guess how long), but I would hate to be caught not holding at least some oz’s of Shiny(Silver)…….the more the merrier. Don’t let the premium scare you away.

  13. JC

    Tbanks Greg, I enjoyed this a lot, especially’s Egon’s closing statements.

    Yes, people are ignoring the risks. Yesterday I got an invitation from a friend to join a group chat on Whatsapp. The “rules” are we can’t talk about the coronavirus or anything of a serious nature. We can only talk about funny things and/or put funny pictures or videos.

    Well, I just broke the rule by posting the latest update from The Age of Desolation site. I should also put the latest and greatest from USA Watchdog (“Global Financial System Broken & Bankrupt”– Egon von Greyer) but I will probably be banned from posting any further comments. LOL

  14. AndrewB

    Hi Greg,
    EvG is one of the most credible guests when it comes to commentary on precious metals – thanks for having him on.
    I apologise for the double posting of this link – added to last Friday’s weekly news wrap-up – but I believe the premium offered to SELLERS of Silver Eagles by BullionStar underscores Egon’s prediction about the physical price of PMs breaking away from the (counterfeit – sic) paper price. BullionStar are offering sellers a 28% premium over spot for Silver Eagles – see last paragraph of posted link . . . .
    https://www.zerohedge.com/news/2020-03-20/window-purchase-precious-metals-fiat-currency-closing
    [P.S. I am not an agent for BullionStar and have never dealt with them.]

  15. Neville

    Thanks once again for another great interview.
    On Thursday we see the Jobs Report at 12:30 ,well we have never seen job destruction like we have over the passed 10 days and I believe Goldman’s have put out a report that as many as 2,5 million have joined the job seekers.
    Now as we all know that when the job numbers come out ,the RIGGED ones from the dept of labour ,what happens each and every time s that GOLD and the gold shares get Monkey hammered without fail…..Will the opposite be true on Thursday then or will as Egon says the slime that run the CME just shove more paper GOLD onto the market??

    TIME IS RUNNING OUT
    BUY GOLD
    BUY SILVER
    MOST OF ALL HAVE FAITH

  16. al

    Greg,

    I’ve been following Egon for over 10 years. The Man never waivers, what he said in 2008 he is saying now. The criminality that occurred from then until now is manifesting itself by this deep and hard fast crash. It’s a CRASH!
    I write this on Sunday 3/22. I expect next week for the market to keep crashing. This is unprecedented because NO ONE HAS EXPERIENCED THIS LEVEL OF WORLDWIDE CRIMINAL ACTIVITY AMONG GOVERNMENTS AND FINANCIAL INSTITUTIONS! NO ONE !!! You have to go back to the days of Babylon to see this kind of carnage

    As always Greg, you bring a level of professionalism to our growing community and I applaud you!

    God Bless, Keep Safe, Keep Kicking butt and taking names!

  17. bob

    Greg,
    This interview was very helpful to understand the situation we are in today. we have been running like rats on a wheel all in the name of maintaining the dept, Meanwhile feeding on every form of idolatry there is. I really appreciated the end of the interview when Egon mentioned the good that can come of this collapse.
    sadly there will be a lot of pain getting there.

  18. DanielSong39

    You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
    And you can never fool God.
    Thank you for the interview, and may Christ be with you.

  19. Jerry

    Greg,
    If you recall, last week my sources told me that Missouri would be under lockdown within 48 hours. Well here you go.
    https://www.usnews.com/news/best-states/missouri/articles/2020-03-21/stay-at-home-order-to-start-monday-in-st-louis

    Many people are laboring under the delusion that this is temporary and its associated with the corona virus. It’s not. This will become long term come mid April when the full effects of the banking collapse will be felt. If you, or any of your relatives are in the
    metropolitan areas, I would advise you to get out now, while you still can. This is not fear mongering. It’s a warning. The same sources who told me about the lockdown, also said law enforcement officials in coordination with DHS are attempting to position security personnel to protect food trucks who have already come under attack by high jackers.

    • Occasnltrvlr

      Are these the same sources who told you of the clandestine arrests resulting from sealed indictments, and the military tribunals that were to have begun over a year ago, or are those different sources?

      • Jerry

        Occasnltrvir,
        No. Theses are from law enforcement officers I know. The arrest information came from military contacts I had. They are no longer available, but there have been provisions made for trials at Gitmo that have either been delayed or stoped entirely. I’m not sure why?

        Stop being so crass. Just because you don’t know something doesn’t mean it’s not true. How about this one? Do you think the exchange stabilization fund was tin foil hat material? I bet you did. But here it is.
        https://www.politico.com/news/2020/03/23/democrats-slush-fund-republican-rescue-package-143565

    • Kevin S.

      The lock down is not really a lock down. People can go to a number of places and even to work at a number of businesses. I would call it a partial lock down.

  20. Rev Andrew de Berry

    Brilliant – thank you both.

  21. Stan

    This virus will pass just like the flu. And when it does, the Federal Reserve’s actions so far will guarantee the biggest bull market you have ever seen. Plus the Dollar will skyrocket.

    • JC

      Stan, I have to give you credit, you are a great comedian.

    • Mike R

      Hey Stan – your imaginary fed ‘buddies’ have obviously kicked you out of the loop.

      The Fed is now saying 30% unemployment.
      https://www.marketwatch.com/story/dow-futures-plunge-the-most-allowable-as-coronavirus-slams-market-fed-officials-warns-unemployment-could-hit-30-2020-03-22?reflink=mw_share_email

      DB is TOAST. As if the US has 30% unemployment, the EU will easily be double that. Italy alone will bring the entire EU down, as their banks were already in deep trouble before this, and they are all heavily connected (counterparties) to DB.

    • Occasnltrvlr

      I would consider your conjecture here plausible, were it not for the fact that the actions at the state level are (intentionally) decimating the actual functioning pockets of the economy.

    • paul ...

      Stan … your buddies at Deutsche Bank are saying: Helicopter Money “Will Be Disastrous” will “Lead To Hyperinflation” … and to “Buy Gold”!! … so guess it is time for you to cover your gold short positions!!!… https://www.zerohedge.com/markets/deutsche-bank-helicopter-money-will-be-disastrous-and-will-lead-hyperinflation-buy-gold

      • Stan

        Paul: People have been saying that for decades

        • paul ...

          Stan : All the knuckleheads at Deutsche Bank (the Fed has to bail out now) thought the same as you Stan for decades … but at least they’ve now woken up … you are still asleep!!!

    • DanielSong39

      Stan, it’s a possibility but please ask the mayors, governors, and members of the Federal Government to end the lockdowns and allow everyone to go back to work while limiting the containment to smaller areas.
      As for the Fed, they can help the process by raising interest rates and unloading their balance sheets. Short term pain but they will build a better foundation for the future.
      What you’re saying is possible but only if the government and the Fed take proper actions. What we’ve actually seen is the opposite.

    • paul ...

      Stan … This Fed “QE induced bull market” today is proof the financial system is completely broken and bankrupt (just as EvG says) … the Fed is now purchasing Treasury’s, etc. to the tune of $125 Billion every day … or an unprecedented $625 Billion in just one week … that’s more than the Fed’s entire QE2 (which was just over $500 Billion in purchases over 7 months) … if the Fed now does $125 Billion every day for 7 months it will total 26.25 Trillion dollars!! … and you are holding US dollars as a safe haven??? … I’m holding gold!!!

      • Stan

        The Fed is doing the right thing. We have a our monetary system is flexible and needs tweaking now and then.

        • paul ...

          Stan: You don’t think printing up out of thin air a $125 Billion dollar “tweak every day” for the next year is going to drive the price of gold to new all time highs???

  22. al

    PS: Darn it. I should have bought a few weeks ago when my little voice inside me said “silver, buy silver”. Back then it was a little over $17.00/ounce. Now….. You can’t find anything less than $25.00/ounce, anywhere! No exceptions! HOWEVER, if you want to sell your metals they will pay you $13.00/ounce.

    If you ask me, that is still a bargain at $25, don’t look at the premium, look at the value!

    • Ray

      Al……..
      “You can’t find anything less than $25.00/ounce, anywhere! No exceptions! HOWEVER, if you want to sell your metals they will pay you $13.00/ounce.”
      The take away point here is clear……..don’t sell to “they”.
      Sell to anyone else but them mate…….”they” can, and will, go to Hell.
      Take care Brother.
      Ray, Canberra, Lap Dog Nation

  23. Roger Stamper

    tks for post

  24. Neil

    Thanks for your continued efforts here Greg and Egon. You help keep me on track! Was it lord fontenay who said something like – oh what a tangled web we weave when first we practice to deceive? Should be a reference to all central bankers and govt instead.

  25. William Betts

    As you know the Federal Reserve Act of 1913 started this country off to destruction, and the ponzi scheme has now arrived at its apex. Our monetary system is exploding along with the rest of the world that has a debt economy instead of a wealth economy. In Sept 2011 Dennis Kucinich brought forth the NEED Act which was the American Monetary Act written by the American Monetary Institute (Monetary .Org). That would have saved us from what is coming, but nobody would listen. I have written along with many other people to Trump bringing this fact to the forefront. We have to stop what we are doing with the FED. We need to get rid of the FED Monday. We need to issue US Dollars from the treasury debt free and stop fractional reserve banking where banks create money with debt to taxpayer. The NEED Act should be acted upon next week. This will save us from a great great depression. It is going to tear this country apart. Go to monetary.org and read the Act for yourself. American needs to flood congress and the President with all out action. Do it for AMERICA

    • K. Wayne

      Sadly…the time for the appropriate action has passed.
      From henceforth….we can only expect those in Government to continue their plan ….to cause fear and panic…..bringing on an economic depression….bankrupting the world …whilst de-populating and enacting new Global Government.
      After all…..the current crisis is a PANDEMIC. it requires a Global (Communist) solution.

  26. LR Price

    All of the gold and silver in the world will not feed hungry bellies when people cannot get food. A person will be willing to give a day’s wages for a piece of bread.

    Revelation 6:6, “And I heard what sounded like a voice from among the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not waste the oil and wine.”

  27. Rodger Pape

    Greg,
    Just made a donation this weekend…now more than ever we need and appreciate all your work.
    Thanks so much for this special Sunday update!! Tell EVG great job!!

    • Greg Hunter

      Thank you Roger for supporting USAW!!!
      Greg

  28. Crazy talkin Canuck

    Greg,
    Thanks for having Egon on. I was hoping you and he would explore the bond market problem we are sliding inexorably toward, as many, many small investors are in that pool, thinking it is a safe haven.
    Perhaps this is a topic for the near future. I know you have had Bill Holter and James Rickards on before, and they both are experts on the credit markets.

    • Crazy talkin Canuck

      Watchdoggers, please help me out.
      Why, praytell, is no one talking about BAILINS? There was a time a few years ago when all the heavy hitters noted that this bubble of everything was waaaay too big for more taxpayer bailOUTs, and it would be massive bailINs of private money just like Cyprus.
      What am I missing? Is it that the bailOUTs fail before they resort. To bailIns ?

  29. Kim

    Outstanding interview! Love the insights! Would you please consider
    interviewing Gregory Mannerino? Thank you!

  30. Stan

    DB is fine. It is the buy of the century.

    • Greg Hunter

      Stan,
      DB was $11.00 a share 3 weeks ago.
      Greg

    • JC

      Stan, are you a CFA?

    • DanielSong39

      DB will be a good buy when the ECB ceases to exist, the bad debts are cleared out, and interest rates are allowed to normalize. If DB survives all that and builds upon a firm financial footing it will rise again.
      Until then…

    • K. Wayne

      Stan…..you need to self isolate……your BS is noxious….and probably infecting the public at large.

    • paul ...

      Founding Father Thomas Paine said: “I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection” … I think he was talking about you Stan as you profess “DB is fine … and is the buy of the century”!! … a man like you would make a good ally against the globalists … come over from the Dark Side Stan … don’t say “never” Stan … He is your Father!!!

  31. Stan

    Don’t let the virus change you daily routine. Get out there and consume!

    • JC

      Stan, read the Bible. Ever heard of The Apocalypse?

    • DanielSong39

      We would like to. The government is shutting everything down and is breaking the supply chain so that the supermarkets are affected.
      Could you ask the government to open businesses and allow travel and commerce to continue?

    • paul ...

      What do you want to do Stan … made use useless “dead” eaters??

    • paul ...

      Stan … Gold got in a crash-“up” today … time to cover your short position?? … https://www.kitco.com/charts/popup/au24hr3day.html

      • Stan

        Paul: It was a textbook dead cat

        • paul ...

          Be careful Stan … this dead cat has nine lives!!

  32. Nick-Dog

    Awesome interview and guest Greg! Thank you for what you do.

  33. Chip

    Great interview gentlemen and very scary times we live in. Chip

  34. mushroom jr.

    Another wonderfully truthful, accurate interview in an environment clouded by propaganda. Thanx again!

  35. J.

    Was this pandemic planned? You decide! Research “Event 201”

    http://www.centerforhealthsecurity.org/event201/

    and

    http://www.centerforhealthsecurity.org/newsroom/center-news/2020-01-17-Event201-recommendations.html

    January 17, 2020 – The next severe pandemic will not only cause great illness and loss of life but could also trigger major cascading economic and societal consequences that could contribute greatly to global impact and suffering. Efforts to prevent such consequences or respond to them as they unfold will require unprecedented levels of collaboration between governments, international organizations, and the private sector.

    • paul ...

      This pandemic was planned 5 years before it happened (by globalists meeting in Davos Switzerland)!!

  36. Jay

    The Bible says that when these end time events begin to come to pass, they will accelerate rapidly. Those who have refused to study prophecy will not understand what is happening and sudden terror will overtake them as a woman in childbirth so much so that their hearts will fail them for fear.
    So your guest is very accurate to say that this will happen faster than anybody will believe.
    Thanks for the reminder Greg.

  37. Stan

    I’m holding my Dollars – only true safe haven

    • Erika Miller

      Stan,
      Quite a few financial advisers advice their clients to take their money out of the bank. Well, yesterday I went grocery shopping in one of our large national grocery chain stores and learned they no longer accept cash. They accept debit and credit cards only. Since lockdown prevails now in many countries and only grocery and pharmacy stores are open, how are you going to spend your money? Be aware.

      • K. Wayne

        That smacks of an agenda…..to go to a cashless world….electronic money.
        I love having my LIFE controlled ….NOT.

        • Kevin S.

          The virus definitely has sped up the movement to eventually go cashless.

    • Hilde

      I assume Stan is a robot. Will nevertheless mention that suggesting that cash is king in times of these is an offence to the intelligence of Greg’s readers. Cash is for the most part not accepted now in a large part of the world, as the Elite wants us to believe it spreads virus, so they can install their cash free world by 2030. You are not allowed to pay with cash just about everywhere in Europe. One thing is having enough cash in case of a bank run or “hole in the wall” shutdown, another thing is relying entirely on cash.

    • paul ...

      Hey Stan … In your upside-down world … gold is crashing today … https://www.kitco.com/charts/popup/au24hr3day.html

    • Mike R

      Stan – even your very own DB, that you so treasure, is telling people to buy gold.
      https://www.zerohedge.com/markets/deutsche-bank-helicopter-money-will-be-disastrous-and-will-lead-hyperinflation-buy-gold
      The irony of this is beyond words. And obviously dollars are no ‘safe haven.’ Just keep on buying DB , shorting gold, and holding dollars. You are on the path to ‘riches.’ lol

  38. Tom

    This was an extremely good interview. Great job Greg. EvG has been on top of things for a long time. He is not a fear monger and explains things in a calm logical manner. We need to heed his warning. We still have some time

  39. Jerry

    Greg,
    I dedicate this song to the federal reserve bank, and their buddies over at the New World Order.
    https://youtu.be/_3eC35LoF4U

    Hold on. It looks like we’re in for stormy weather.

  40. Stan

    Its nice with all the sheeple in their homes cowering on fear. Much less people on the road. Took the Bentley out for a nice long leisurely ride today.

    • Mike R

      nobody on the sidewalks for you to run into on your toy car ? you need to get a life stan.

    • sk

      Aaaaah, good old Bentley! Does he still like oats better than carrots?

      • paul ...

        Stan’s Bentley runs on apples (because Stan is saving his dollars)!! … https://i.pinimg.com/736x/47/cb/33/47cb337da8f51154212c26afa09f91de.jpg

      • Ray

        Ha Ha Ha!!!!!
        Wonderful belly laugh…..thank you!
        I can see Stan riding ole Bentley down to the river, feeding a carrot or two.
        Maybe even a few $100 bills for a bit of roughage!
        Ray, Canberra, Lap Dog Nation.

  41. SilverHawk

    1 hour 20 minutes til NY futures, may open. If so, I predict DOW limit down and Silver and Gold limit up. Thats all for today.

    • SilverHawk

      Well, I was half right…. from a half-wit 😁

  42. Pete M

    Greg, a number of your guests have alluded to the potentially soon coming bond market crash, but there hasn’t been much time spent on this subject. Is there any way, you could devote one episode exclusively to the bond market? Most people and investors know very little on this subject, and it would be time well spent. We are all liable to wake up one morning and find all of our ATMs and banking accounts frozen, or having severe capital controls placed on them. (Another reason to own some precious metals). The biggest takeaway from Egon’s discussion I thought is to not to value your silver and gold in dollars or any fiat currency really, but units of the precious metal in ounces. One more point I need to make, and it is about the younger generation in general. The young generation seems to value green energy, and tech stocks like Tesla, Uber and the FANG stocks in general, but most of these stocks have little earnings relative to their huge stock market valuations even now after the first market correction. (There may likely be further corrections downward). As well, they seem to loath precious metals in favor of the digital era. Unfortunately for them, they will be suffering the inconvenient truth when all is said and done. Not that there will be many people ahead, but they will have the most time to recover versus us older folks.

  43. Todd

    Greg, Another great interview. What happens when the fed gives everyone free fiat money and then sets the price on everything? Empty shelfs! This is the new normal. Silver is the lowest ever and yet you can’t even get some products. The fed never creates anything of true value it just skims off some of the value of our money. Now the money is so worthless that you can’t even earn any real interest. Stores are closing and many shelfs are empty. Thank fed for worthless money. When our money was made out of silver and gold it really held its value and gave us true freedom. That’s why it was in the constitution. Lets go back to true money and this country will be great again! We use to produce half of the worlds goods, now we consume half of the worlds goods. Make America great again!

  44. Russ F

    All silver out of stock at the dealer I occasionally use until May 15th! Junk silver simply out of stock – no price.

  45. Lee

    What does EvG think about gold mining stocks?

    • Greg Hunter

      Lee,
      Your main risk is with your brokerage. You must directly own the shares. Think MFGlobal.
      Greg

      • Russ F

        Sorry Greg, but the real risk is that the mining company shares will follow the general market down to the level EvG suggests. I hope not, as I hold many shares with the transfer agent; but the risk is there that they will collapse before they rise. So far, they have fallen as much as the general market.

        • K. Wayne

          Russ.
          Carefully consider that we may very well be on the cusp of the next great depression.
          Once unemployment numbers scoot through 20-30-40% ….it’s game over for stocks. Reality will be a nightmare. Forget the 30 days quarantine narratives….the truth is this wont be resolved this side of 2022.
          Mining shares will get savagely hit…and follow the general market down. I have previously outlined why that was true. Add in the lack of manpower and self isolating measures enforced by local, state, federal government’s and you have closures across the board.
          Holding stocks in any form will prove to be a very poor financial decision even with 30 % already given up….there is still 100 % of the remainder to lose. Get out now.

          • Kevin S.

            Your warning is duly noted and you could end up being right but currently the U.S stock market will probably not go down much more than it has with all the money printing going on and the hope of maybe seeing a turn in the virus pandemic in the coming weeks unless there is some unexpected worse news that comes out. The stock market is very oversold and is probably more in a wait and see period. Gold will probably remain strong in the short-term and has some room to move higher. Gold miners went up 15% today and are higher in after hours. Gold stocks did well in the last Great Depression as did some other stocks. There are always stocks that do well even in a bear market. So far that has been the case for stocks like Amazon, Walmart, Kroger, Costco, Target etc…

            • Kevin S.

              Took 30% profit on some of the gold miners just in case this current stock market rally is a dead cat bounce.

              • K. Wayne

                You did the correct thing IMHO.
                Watch NYC closely…that is the barometer. Soon to be the EPICENTRE of America and the Globe (for infections and deaths).
                This market has no confidence whatsoever. The FED stimulus will not resolve the exponential infection from COVID-19. Its effects will be short-lived.

      • WD

        Greg,

        Who allows one to own the shares directly ?

        Thnaks

        • Greg Hunter

          WD,
          Most do not. I own zero shares of any stock. I can’t help you with this.
          Greg

        • K. Wayne

          In publicly listed entities you need to hold your shares in certificate form with the Registry not with the broker. If you held shares in Private entities you would have possession of the share certificates. That is direct and unencumbered ownership.

    • The Seer

      Hold them at computershares so off your brokers book is the easiest.

  46. john duffy

    Are we entering a time of chastisement

    Upwards of 50 million babies have been killed in the United States alone. Then there is sodomy, being shoved down our throats 24/7. What was seen as abominable by God, and by man for several millennia, is now not only tolerated, but exalted, and criticism of it is the surest way to loose your job or your business. All of big business is pushing the gay agenda. When my bank advertises its mortgage product, it can’t avoid showing a “couple” of the most politically correct type possible, two men together, of course. And I haven’t even mentioned the collapse in traditional marriages, or pornography that is now more ubiquitous than ever.

  47. Roacheforque

    The 2 quadrillion notional “fake world” remains primary and the real world – controlled by it – remains secondary. But there is a circular problem with these notional fiat currency betting chips.
    If the real world begins to behave differently than these bets manage – they begin to unravel. And the unraveling itself begins to call into question the credibility of the betting chips. Our derivative world which holds our notional reality together begins to fall apart, and our derivative reality with it.
    This is when real gold (not derivative) is needed.

    https://roacheforque.blogspot.com/search?q=when+gold+is+needed

  48. Mike R

    A report out of Japan indicates that China has simply stopped testing for corona virus. Hence zero new cases.
    https://pjmedia.com/trending/report-china-stopped-testing-for-covid-19-thats-why-there-are-zero-new-cases/

    i guess thats how they can say they are not ‘lying.’

    They are also releasing infected patients out of quarantine.

    So US businesses want to still keep sourcing from a country like this ????????

    • DanielSong39

      At some point we have to take are chances and restart the economy. Or else more people will die from starvation and other second order effects than the virus.

    • K. Wayne

      Thanks Mike R.
      The second phase of infection has only just begun.
      Italy is the benchmark….for the rest of the globe. It’s uncontrollable there and the Communists are pushing to ensure maximum saturation for the rest.
      The false narratives from the CHICOMS have existed since early December when they delayed and covered up. This recent development is a furtherance of the agenda to de-populate the world.

  49. Charles Ober

    So what happens to all the suckers who DIDN’T join the “lucky ones”? Will they have to shoulder the burden to finance this ungodly debt? I and my siblings, AND our children did without, worked hard, and paid our way. We weren’t eligible because “we made too much”.Will those who got a free ride have to pony up? Something is radically wrong if there is another “bail out”. The CBs of the world should be required to pay up. THEY created this mess. The Jamie Dimon’s, and Bernanke’s of the world should have to give back every penny of their ill-gotten gains. Where’s the incentive to do the right thing? Disgusting. Keep up the good work, Greg.

    • K. Wayne

      Charles you can be assured that both bailouts of large multinationals and bailins for Banks are coming. 100%.

      • Kevin S.

        If there are bank bail-ins it will not involve depositors.

  50. Mike martin

    Someone that I have a great deal of respect for and who has been a guest on USAW numerous times stated to me in a brief note this weekend the following words..Here and Now….I think we all know what he was talking about. Be safe everyone and thank you Greg for all you have done to help prepare us.

    • K. Wayne

      Right here….Right now. 🙏🙏🙏

  51. Matt

    How many years have we heard that this can go on for years but, when it ends, it’ll be quick. Take a look around and observe. Societal value shifts will continue to occur at a ever increasing speed as the financial world continues to unravel.

  52. Cosgrove Smithers

    FOX News
    Trump offered Kim Jong Un coronavirus help in personal letter, North Korea says
    Stephen Sorace 1 hr ago
    President Trump sent a personal letter to North Korean leader Kim Jong Un offering cooperation against the coronavirus pandemic and praised the dictator’s efforts to defend his people from the disease, Kim’s sister said Sunday.
    http://www.msn.com/en-us/news/world/trump-offered-kim-jong-un-coronavirus-help-in-personal-letter-north-korea-says/ar-BB11y88K?ocid=iehp

  53. Jay Dub

    On 3-16-20 I tried to withdraw $8k out of my savings account at my credit union. They’d only let me take out $2k in 50’s. That was a week ago and I have had a cold so I haven’t gone back to town (an hour away).

    • K. Wayne

      Baili-ins are here in short order.
      First they will introduce capital controls…then withdrawal limits…then the dreaded bail in.
      Watch for Bank runs….coming soon to ever city.

      • Kevin S.

        What you said makes no sense. The government is printing money and doing bailouts and also giving money out to businesses and people. Why would they then take money from them in a bail-in when all they have to print more money. No bail-in coming at least for this crisis. Capital controls will happen only if needed.

        • Kevin S.

          When talking about bail-ins I am referring to bail-ins involving depositors.

        • K. Wayne

          Kevin S,
          Bail-Ins refer to Banks and the BIS (Basel III) requirement written into Law….regarding depositors funds. It has ZERO to do with Government .
          TBTF Banks are too big to be bailed out….so they will apply the Bail-In provisions…..no two ways about it.
          Don’t be too sure about the “No bail-in coming at least for this crisis. Capital controls will happen only if needed”.
          This COVID-19 crisis is only just getting into second gear. The nonsensical musings from POTUS about only having a 14 day isolation period and everything goes back to normal…..WTF is he thinking. Have you seen what is happening in Cali ? They have given up on testing …its out of control….millions will be infected.
          When America officially surpasses 100K infected (which I believe we are already well past), it will start overwhelming every single Hospital in the country. When unemployment escalates beyond 20% …the FED’s balance sheet will go into overdrive….but it will be futile and short lived. There is no amount of printing that will save the financial system. Our Dollar is toast in all efforts to support a bankrupted system. Bail-In laws were constructed for this very scenario.
          Go back and listen to the recent EVG interview. Its very clear where the road goes from here.
          https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp
          Otherwise read the following article from ECG written well over a year ago.
          https://kingworldnews.com/greyerz-expect-radical-changes-in-2019-as-bank-bail-ins-begin-in-the-west/

          I can tell you….2.5-4 TLN in bailouts and social security payments is not saving a system with 250TLN in DEBT. Thats a no-brainer. What is yet to occur is a systemic failure…..that is what you are not seeing….that is where the Bail-Ins WILL be seen.
          Denial and downplaying the severity of the VIRUS and its effects will not serve you well.

          • Kevin S.

            You are wrong. I am not going to waste my time writing as long explanation.

          • Kevin S.

            K. Wayne,

            I decided to just point out a few of your mistakes.

            You state, “Bail-Ins refer to Banks and the BIS (Basel III) requirement written into Law”

            You are wrong. As far as bail-ins in the U.S. it is an option not a requirement.

            You state, “It has ZERO to do with Government”

            You are wrong. The Secretary of the Treasury is involved in the deciding whether a financial company should be placed in receivership under Title II of the Dodd-Frank Act. Also the FDIC decides whether the option of a bail-in is the best way to handle the resolution of an insolvent bank. Is not the Secretary of the Treasury and the FDIC part of the U.S. government?

            • K. Wayne

              Kevin S.
              Lets play hypotheticals shall we….
              In the future any American TBTF Bank (et all) may have the need to wind up….. owing to capital deficiency…..insolvency….bankruptcy. According to your interpretation…they will have a “choice”…..to apply Bail-IN provisions or not.
              Regardless of the Arbiter….the process of Bail-In will precede the nailing of the coffin (receivership/winding up)……simply in an attempt to preserve the Entity by infusing the capital previously owned by its depositors. That is their agenda….to use the Debt/Equity swap mechanism to keep them operating whilst avoiding the Government Bail-outs as was seen in 2009-10. Failing that the next course of action is death (orderly Bankruptcy).
              Honestly , to think that the Banks will not apply Bail-In provisions is a bad case of denial or complete incomprehension. D0 you genuinely believe that they (Banks) will act in the BEST INTERESTS OF ALL DEPOSITORS ? That should be obvious …even to blind Freddy. They have been stealing from the populace for more than a century. Now they have laws that allow them to take everything.

              Whilst on the semantics issue about requirement……the BIS required Bail-In Provisions to be written into Law. You can interpret it any way you wish, but the fact remains. That’s what I stated and its 100% correct. You have a bad case of misinterpreting to suit you own thought process. Clearly you need to take a step back and a deep breath.
              https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

    • Kevin S.

      Not surprised. Most bank branches and credit unions do not have such a large amount of cash on hand on a daily basis. Is your credit union that small that it is not part of an ATM network like most credit unions?

  54. Dave

    The bailout bill failed in the Senate this afternoon. It didn’t get 60 votes (the vote was 47 to 47). Maybe McConnell, Menuhin and Trump will shift, as the Democrats are demanding, to a priority of bailing out Main Street and not Wall Street. The bill was a killer of small businesses who strongly opposed it. The bill failed to put major conditions on the billions and billions being given to global corporations such as Boeing. We know what happened last time when a similar – though much smaller – bill was enacted. The House is expected to come up with a Main Street focused bill in the next few days. That should force the Administration to shift priorities. In the meantime Dow futures are down significantly.

  55. Sylvia

    Thanks for having Egon Von Greyerz on your interview program. I have listened to his financial comments for many years. He sends out a weekly message on Thursdays which I highly recommend. He is a very wise and conservative advisor.

  56. The Seer

    I wish a metal broker would honor the premium to be paid to those selling some metal. So unfair for them to pocket it. Equal to zero interest rates and the public being charged 18-24% on their bank credit card interest rates.
    The public bring disadvantaged.
    When will this rip off stop? Especially when wanting to sell back to the metal broker you originally purchased from!!!!

  57. Cosgrove Smithers

    Serena Williams struggling with anxiety due to social distancing
    Yahoo Sports
    GARY MONDELLO
    Mar 22nd 2020 6:21PM
    https://www.aol.com/article/news/2020/03/22/serena-williams-struggling-with-anxiety-due-to-social-distancing/23958356/
    I wonder if this has a lot to do with her former faith, being deep in the end….

    • DanielSong39

      I hope Serena Williams can find Christ, and soon. Jesus is your only hope!

    • Cosgrove Smithers

      I think your right Cosmo. The witnesses put all they’re faith in the end times for sure.

  58. Dr. Edwin Jenner

    So I guess it’s safe to say that all of the gold reserve stockpiles stolen from Libya are in the most secure vaults in the world in the Swiss mountains?

  59. jeffersonian

    Greg, could you please get Martin Armstrong on–it would be interesting to get his take on where the markets are headed. If I remember correctly, he predicted a top in the market around 4ok last time you had him on. Keep the great interviews rolling–you just keep hitting home runs–you on steroids or what. May the Lord bless you my man.

  60. Paul Schmaker

    Another broken clock? Your guests have been consistently wrong for the past six or seven years and EVG is no exception. The market is not going down 90%, in the same way that the market made a new high after Bo Polny predicted it wouldn’t, in the same way that the market didn’t crash last summer like Sinclair and Holter predicted, in the same way that gold hasn’t spiked when most of your guests predicted it would when the market blew apart.

    I have some educated guesses but I’m reluctant to share them with this echo chamber. I will say that like a broken clock, your guests are somewhat right. The marker will drift lower but it’ll bottom soon and then be in a sideways consolidation phase for a while. Gold will finally make its mover higher but it’ll still take a few weeks after the clamoring for dollars starts to slow. It’s not going to $50,000 like Sinclair predicts but will easily clear $2,000. There you go, a more accurate prediction than all of the guests you’ve interviewed from their basements over the past half decade.

  61. iwitness02

    “By the pricking of my thumbs / Something wicked this way comes.”
    The shoe seems to fit.

  62. JC

    BREAKING: Egon von Greyerz Just Warned Swiss Refiners Have Halted Gold Production!

    https://kingworldnews.com/breaking-egon-von-greyerz-just-warned-swiss-gold-refiners-have-ceased-production/

  63. WD

    In the famous Resident Evil Movies; the umbrella Corporation is located in Racoon City created a zombie virus……Racoon is anagram of Corona and the logos are the same.
    Adrenochrome is a creation from the adrenaline/blood from children under extreme distress.

    Any connection with obs elites!

  64. Justn Observer

    Greg, Stop the bail out message…Stop the criminality now =
    https://youtu.be/r1KudI7Qp$gs
    https://www.goodjobsfirst.org/violation-tracker
    Why is Congress is such a hurry to ‘bail out ‘ their corporate buddies they get campaign donations from = $$$$$ and BILLIONS IN FINES while the prosecute no one and let them get away with $$$ TRILLIONS due to their frauds, and corrupt deeds ?

    • Justn Observer

      People in every County and State must DEMAND A SWORN AND PUBLISHED CAFR REPORT of every asset and bank account holding funds derived from taxpayer funds and ‘user fee’ collected….NOT BUDGETS…the actual bank accounts by number and amounts… and claw back every ‘legislator’ and elected official pension and perk fund that is ”’fully vested”’ to the amount that the teachers, police and firefighter pension are…and then those ALL thrown in and paid out via SOCIAL SECURITY also ‘underfunded and pissed away thru understated ‘cost of living’ increases for decades. This is why public jobs pay themselves 2x, 3x, 4x the benefits and pension of the majority of the private sector jobs! The Ponzi schemes of denying ‘true cost of living to SS while they pay themselves increased cost of living beyond what they do others!
      THE CAFR SWINDLE:
      https://youtu.be/1pRPBKJQnyU
      https://youtu.be/hWpbQfkv8Z4
      GOV. IS THE CORPS:
      https://youtu.be/mCAIj3YJUmg

  65. Mitchell Bupp

    When you run a depreciating asset Ponzi … it never ends well! God Bless Everyone!

  66. Justn Observer

    Greg, Why can’t we just go buy some Monopoly games and pay our taxes and bills with it? and get some ‘get of jail free’ cards along with it like the real bankers do? lol
    https://www.zerohedge.com/markets/kashkari-says-fed-has-infinite-amount-cash-we-create-it-electronically

    • paul ...

      Banksters today are just like me when I was a kid playing monopoly … I was the banker … and I would take all the monopoly money from two old monopoly games I had in the closet and hand the money out under the table to all the players who needed it “so the game would not end” … eventually (because no one was allowed to go bankrupt) everyone just got so exhausted “we all just quit”!! … the Fed is very near “the exhaustion phase” right now!!!

  67. Farmer Ron

    Kudos to you Greg for fighting the good fight. Never give up, never surrender!
    Smoke and mirrors is what the wold is being treated to! it’s just a bid sham!
    it all fits so well with Daniel Estulins’ theisis of world factions fighting it out behind the Oz curtain .

    With trillions of dollars at their disposal the now Trump controlled Market Plunge Protection Team can and will pull the market up by its bootstraps and return it to the 33000 plus area it was in before this mess started.

    Trump and the Patriots know that the future of mankind is at play here and they will stop at nothing to get Trump re-elected. He U.S. and the world will pull out of this and get back on its feet in time to go spend all those Government handout cheques…. just in time for a feel good keep Trump ( the saviour) in office fall election.

    You have to have faith in the Patriots and the ultra rich behind Trump who are fighting the Globalist. The enemy of my enemy is my friend.

    Medical Marshall Law coming so that Trumpists can round up the scum of the earth hiding in the dark. It’s not quite time for the crash just yet, this is just the practice run… the real thing comes in the second term … when Trump slays the FED and returns the world to a sound money system.

    There will be time for stackers to continue their collecting….

    But for now, stay still, don’t panic, get ready for the internet/ media wide shutdown and massive globalist arrests.
    Trump TV coming soon.

    Have faith my friend,
    Have faith
    God Bless

    Farmer Ron
    Canada

  68. Barry Munro

    You have two commentators on your blog that you respect highly (among others), Egon Greyerz and Martin Armstrong. They have 180 degrees opposing views of the future of the stock markets. Egon believes the market will fall 90 – 95 % from its highs and Martin says we are setting up for a “slingshot” move in the markets, presumably well above former highs. One of these gentlemen is dead wrong (maybe both), what are we to believe? What, Greg do you believe? What do your readers believe?

    • Greg Hunter

      Barry,
      I believe the world is drowning in debt and the money printing will go into high gear. We have never been here before in terms of global debt being this extreme–never. The stock market may go to 30,000 but if it does a cup of coffee will be $50 bucks. I have no idea how this will shake out but you better have clear title to your stuff.
      Greg

      • Ray

        Agreed.
        I reckon the answer can be found on the cover of The Economist from 1988.
        Here is a link:
        https://www.reddit.com/r/Bitcoin/comments/4nag4b/1988_economist_cover_predicting_a_world_currency/
        If this proves to be accurate, then it is reasonable to assume that all governments globally (all of whom are BROKE), and the Bankster / Elite are in on this, and that the ENTIRE COVIDE-19 crisis was a ruse to enslave Humanity inside a digital monetary gulag.
        Global revolution should swiftly follow.
        Me……I am investing in Guillotine manufacture.
        I see a very big demand side profit opportunity up on the horizon.
        Regards,
        Ray, Canberra, Lap Dog Nation.

        • paul ...

          The Phoenix will have to be “backed by gold” … otherwise the globalists are simply replacing “worthless fiat with worthless fiat”!!

          • Ray

            100% bang-on correct Paul.
            I doubt they will though mate……..they will never go for an honest money system!
            Maybe the ultimate “way-out” of this prison is for all of us to offer our labour & services for free……. who would need money (their prison) then?
            Sure would stick it to The Elites & Globalists as people walked out of their system en-mass globally!
            Regards,
            Ray, Canberra, Lap Dog Nation

    • GaryC

      Barry, the slingshot move is is much further out, re Socrates, in the 25 years I have followed this guy I would NEVER bet against him.
      Germany has stopped bullion dealers from selling to the public, confiscation is next converting to a digital currency in Europe.

      I still maintain that gold equities will not rise substantially unless the overall market
      goes up, either way the government through their emergency power acts will take away
      citizens rights to liberty, like they are doing right now, plus the people want them to and they will oblige.

      As Greg mentioned you get a 30K market again and your money will be TOILET PAPER
      just like Zimbabway, high market and worthless money. The USA will have to devalue the dollar, and probably seize gold, they have done it before, history always repeats.

      • Self Exiled

        America has confiscated gold four times in its history. For the Lord knows and is fully acquainted with the way of the righteous, but the way of the ungodly [those living outside of God”s will] shall perish [end in ruin and come to nought]. Psalm 1:6

    • john

      At some point on the downward slope of equity exchanges, bond prices and the housing markets – does a debt jubilee become an option?

      • Ray

        As Bill Holter has explained……one person’s debt is another person’s asset.
        A debt jubilee wipes out every debt holder’s asset.
        If that occurs, it is every bit as painful as ANY other solution.
        Debt jubilees do nothing to remedy the underlying Human condition of LACK OF TRUST in fellow Humanity.
        That is why money was invented……a band aid on the open sore……but know and remember this.
        TRUST is eternally more powerful than MONEY, and when money has dissolved into oblivion, people will have no other option than to return to trust……it’s the ONLY choice.
        Actually…….a good fellow named Jesus spoke about it at length once upon a time.
        Some listened…….many didn’t…….cause and effect create this reality therefor, and we are being forced to deal with it.
        Regards,
        Ray, Canberra, Lap Dog Nation

        • john

          Ray – your good fellow Jesus was a Jew and the Jubilee is grounded in Jewish tradition. Next, of course “one person’s debt is another person’s asset”. However, when markets crash – what asset is left for either the lender or the borrower – both are wiped out. Sorry, the issue is not trust – prudent borrowing, lending and not being greedy are at the core of maintaining solvency within an economic system – a debt jubilee becomes a check on an out of control system. Here is a concept – don’t lend money to individuals who are deep in debt and who lack liquidity to service that debt.

  69. sam

    Please sign this petition to save the world economy
    https://petitions.whitehouse.gov/petition/bring-expert-martin-armstrong-stop-destruction-world-economy

    • Hilde

      That statistic came from WHO, the Rothschild Organization which is now hard at work demolishing the wold economy. The percentage is much less, for the simple reason that experts suggest that probably hundreds of thousands, probably millions have or have had the virus and obviously aren’t tested.
      80 % get the virus without even knowing they have it, because of no symptoms or just a mild cold. So of course this shutting down one country after another is the biggest hoax this planet has ever seen.
      The death rate is nearly as high in reality. Check the other links I posted.
      If you only test the people who are hospitalised, of course the numbers are going to be sky high. No one ever before bothered to test what kind of virus people eventually passed away from. Of course not, the cost would be astronomical. Corona virus has been around for centuries and makes up 10-15 % of all viruses.

      https://amp.scmp.com/news/world/europe/article/3075851/coronavirus-italy-says-99-people-who-died-had-other-illnesses

      https://www.cdc.gov/flu/about/season/flu-season-2017-2018.htm

      • Hilde

        Correction: Meant to say the death rate is not nearly as high in reality.

  70. Cosgrove Smithers

    CHINESE PSY-OP WEAPON CRIPPLES U.S. ECONOMY, PANICKED TRUMP INJECTS $4 TRILLION INTO U.S.
    MARCH 22, 2020
    https://www.infowars.com/sunday-live-federal-reserve-to-pump-4-trillion-loans-into-economy-as-coronavirus-cases-explode/

  71. Mike R

    Multiple $100 up days in gold are very near. Up $80 today. More to come.

  72. Self Exiled

    Concerning the virus. A sidewalk shop owner in this small provincial town; who will be closed after today [no shipments of product] said “We either get Coronavirus or starve to death”. In this country she is not exachurting. People here live day to day, a cup of rice and a fish a day. No work or wages for one week will be devastating. Locked down till April 14. It seems there is a competition between politicians who are beaming with their presumed importants to take away our freedoms of movement, social interactions. The power of the New World Order, the march toward one world government goes unabated. Everyone proud and arrogant in heart is disgusting, hateful and exceedingly offensive to the Lord; be assured [I pledge it] they will not go unpunished. Proverbs 16:5

  73. Gord Higham

    Greg
    In response to various guest interviews regarding gold and silver physical purchases versus the manipulated spot price here is my experience in Canada with my bullion dealer
    1. Spot Canadian dollar was $18.53 , ONE (1) OUNCE SILVER MAPLE COIN WAS $36.87, nearly a 100% premium.
    2. Minimum 17 day delivery once purchase was processed (usually 2-3 business days.
    3. NO CREDIT CARDS ACCEPTED, CASH OR BANK TRANSFER ONLY.
    4. Went from a wide variety of product to only 3 varieties of coins available.

    So far today premiums have dropped to 92%, delivery is the same but premiums for credit card purchase is at least available but sit at 100% premium.

    Tell me again why COMEX still sets the spot price when there is practically no physical available.

  74. Justn Observer

    Greg, Looks like we are in the ””sell”” the pump in the market ? They burned thru the POTUS Trump rally, now will be the Obama ‘fake’ market pump. Also a huge shift in population from northern latitudes southward as the polar vortex shift will make for extreme living, growing seasons there. Say goodbye to the dominance of Chicago and NYC ! YEAH ! Times like these the Mormons left New England and moved south and west due to starving and freezing. Where I live, the Indians moved south, the cattle grazing gave ground to sheep for 70 years due to lack of grass growth…when it ended…that was when cattle were again pushed north = start of Lonesome Dove.
    Very late wet & snowy spring again this year = flooding again and late plant. Good luck with the rodent pandemic in Mo. and N.C. also with historic number due to the massive amount of crop laid down and left in the fields un-harvested last season. Likely many commodities with be Force Majeure candidates and again left in the fields harvest time again this year ? Chinese are NOT in the fields planting either and without the re-establishment of their swine herds…who will buy all the soy and corn? hmmm Stock, Bond and now Commodity market , a coming bubble pop of the housing, delivery shutdown, and the ‘social distancing’ in place plans = attorneys will be busy with foreclosures and divorces amiss the baby boom? The increase of prayer is palpable! as is the shift away from POTUS Trump devoid of any indictments/arrests, no release of the JFK papers, and his FED throwing U.S. dollars into foreign markets and banks as the U.S. people are left dangling in despair. Not blaming him, but his cozy embrace of so many CFR and globalist goals has left him suspect for sure. This allowing the Central Bankers to merge the corporations with gov’t as Greg Mannarino suggests is too obvious to ignore. B y the why, where is the Durham report? Thought Hannity was ”’over the target”’? Apparently- DOJ can’t walk and chew gum at the same time it ponders suppression of more Constitutional rights…as the gov’t salivates with HR 5717 bill simmering on the back burner?
    https://www.thetruthaboutguns.com/hr-5717-killing-off-americas-gun-culture-in-one-generation/
    IF the people do not wake up and ‘term limit’ most of Congress the insanity will overtake them. This nation will not survive in its original Constitutional form re-electing the same cabal election after election.
    POTUS Trump’s and Q’s ”’trust the plan”’ is quickly loosing ground, not that I am a Q follower…but those that are …are now slipping away as is his re-election? HELLO BERNIE? Good Grief! LOL As for Biden, he needs to retire to his Water Island in the Caribbean if he can remember where and how to get there!
    Can’t help but notice the up down — Call -Put casino skim going on = lower highs/lower lows…still think it will stumble and land at the bottom of the stairs sooner than later. As for the stacker…leave room in the box for yourselves…they don’t forget you can’t take it with you. And for all those the blew off the FEMA camp rumors and and u tube videos of stacks hundreds of K of casket liner …maybe…the ”’conspiracy theory”’ part wasn’t?= lots of room for plenty of PM too!
    https://youtu.be/m3zSDdm-SHI
    and then there is Bill Gates pandemic plans =
    https://youtu.be/qw1uB_q9Uw0
    Just say’n !

    • Justn Observer

      Oh…and they blew this off as well =
      https://youtu.be/YDTDYkMR8Zs

      • Justn Observer

        Greg allowed me to post this link some years ago…as the ‘events’ have progressed maybe for reflection of them and better context in considering the ‘pay to play’ leadership and structure aligning … it might be fun to ‘re-consider’ the events as they have played out since?
        https://youtu.be/CSHenSfLh2s

        • Justn Observer

          One does wonder if people truly do not see what is going down in this world…the wholesale selling of one’s freewill and obedience to God, for un-back fiat. Total acceptance of the ONE EYE, the MONO EYE spirit that hovers over the pyramid and under the control of the 5 eyes godless surveillance network? Seems we are at the decision point = which do you accept = The god in this world, or the God of this World and the teaching of Jesus Christ? Life is a series of choices is it not? May be we should be focusing less on the stock market and more on The Way, The Truth, The Light?
          https://youtu.be/9pjIaNvu3XY

  75. Northern Gal

    Well Jerry, here is some more proof of them pushing to go digital….
    https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/

  76. Stan

    Textbook blow-off in Gold today. Gotta love how my boys smashed the price down from +120. Ha ha ha, see you at $1400 in April!

    • Greg Hunter

      Stan,
      Please stop embarrassing yourself here.
      Greg

    • Justn Observer

      As the old saying goes.. ‘Show me who your friends are’ , Stan, really you actually seem to find pleasure in criminality? As brag about hoping to gain from it? Though most of your trades seeming do fail anyway…and will untimately… just a question of time.
      https://youtu.be/SP0OHQhlUo8

      • Ray

        Unfortunately for Stan……he places his money above his ethics and the role that truthfulness plays in this world.
        Stan is on his path……let’s allow him to ride old Bentley along that path.
        Wherever it leads him to……it will be where he deserves to be in the end.
        Same for EVERYONE else.
        Regards,
        Ray, Canberra, Lap Dog Nation.

  77. iwitness02

    The perfumed rats in congress and the senate are showing their true colors.
    Shaping America to fit their vision.
    When will we reach a tipping point, where the unrepresented people of America stand up to these rodents? Governors and mayors are busy turning a deaf ear to the people. Law enforcement appears to be gearing up to make sure we continue to have no voice. On the surface, it seems as though we are headed for full blown slavery, as opposed to the illusion of freedom. The illusion of free and fair elections is fading fast. Can hardly wait for the Kabuki presentation come November.
    Our great Republic is being brought down from within by a bunch of traitors.
    We all know this. I’m just whining out loud. Trying to shake off some discouragement.

  78. Davey in Belgium

    PresidentTrump ignored reports by US intelligence agencies in January that warned of the scale and intensity of the coronavirus outbreak in China and warned that Chinese officials were underestimating the impact. The President did not create the virus, but he ignored it, minimized it, joked about, weaponised it, politicised it and exacerbated it.

    We are now paying for the folly of our MAGA cult delusion, especially those of us who get sick, lose our jobs and our homes.

    Pray to The Lord, Our Father, for his forgiveness in the name of Jesus.

  79. Sally A.

    Tuesday evening goldseek.com is reporting “Comex Gold Market is in Failure”. It’s a shame it took a global pandemic to finally allow this to occur.

    Used to drive past a religious billboard out in a farmer’s field that said, ” Be sure your sin will find you out.” I guess that’s what’s happened here.

    As a long-suffering gold bug, I welcome the arrival of what might become at least a more honest and open market for the metals. My many years of losses and having had to live leanly because of the corruption on so many levels related to the gold ‘market’ can’t really be made up for. But I do have some security now, because of what I hold.

    Thanks to Greg for having this thread, for all the generous efforts to provide useful info people could use to make choices on how to take precautions in a money climate where, by design, nothing was as it seemed.

  80. Gary

    Goldman Sachs says it is time to buy gold — the ‘currency of last resort’
    https://www.marketwatch.com/story/goldman-sachs-says-it-is-time-to-buy-gold-the-currency-of-last-resort-2020-03-24

  81. Johnny Sack

    New world market highs by September as the $40 trillion new dollas all filter through the world stock exchanges.

    Buy buy buy all the stock you can leverage between now and April 10th.

    • Greg Hunter

      This sounds stupid.
      Greg

      • Johnny Sack

        “See You In September”

        • Greg Hunter

          No you won’t.

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