{"id":41566,"date":"2018-12-12T20:08:11","date_gmt":"2018-12-13T01:08:11","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41566"},"modified":"2018-12-12T20:08:11","modified_gmt":"2018-12-13T01:08:11","slug":"trend-is-clear-rapid-decline-of-world-economy-egon-von-greyerz","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41566","title":{"rendered":"Trend is Clear \u2013 Rapid Decline of World Economy \u2013 Egon von Greyerz"},"content":{"rendered":"
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Trend is Clear \u2013 Rapid Decline of World Economy \u2013 Egon von Greyerz<\/a><\/h3>\n<\/header>\n
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\"\"<\/a><\/strong>Financial and precious metals expert Egon von Greyerz (EvG) says don\u2019t expect the global financial situation to get better anytime soon. EvG says, \u201cYou know what the politicians are doing now? Theresa May is my best example. These politicians are just running around posing and acting, but they are not achieving anything, and they are not achieving anything because the world is in a mess. What we are seeing the beginning of is the decline of the western world economy, which means the whole world economy. . . . There is no use in putting a time period on it, that it\u2019s going to happen this year or next year. The trend is clear. We know that the world economy is in a mess. It\u2019s going to decline, and in my view, it\u2019s going to be a rapid decline.<\/span>. . . Gold will reflect all of this, and currencies will be totally debased. . . . You don\u2019t need a lot, you might only need another few snowflakes to trigger this avalanche. It could come in a month or in three months time because the system is a fake system. . . . I count $2 quadrillion in money. If you add debt, unfunded liabilities and the risk of derivatives, you come up to $2 quadrillion of debt and liabilities. The global GDP is $70 trillion. . . . So, you are talking about 30 times global GDP.\u201d<\/p>\n

What could go wrong? EvG says, \u201cYou don\u2019t need much to go wrong. It will happen. They have no remedy anymore. 2007 to 2009, I have said many times that was a rehearsal. The real thing is coming now or in the next few years, and no money printing will ever stop it. They will try, but they will fail. This is why you will get the depressionary hyperinflation, and when that fails you get the implosion of the system.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trend is Clear \u2013 Rapid Decline of World Economy \u2013 Egon von Greyerz Financial and precious metals expert Egon von Greyerz (EvG) says don\u2019t expect the global financial situation to get better anytime soon. EvG says, \u201cYou know what the politicians are doing now? Theresa May is my best example. These politicians are just running […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,14995,353,374,8757,538,647,9699,3246],"class_list":["post-41566","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-egon-von-greyerz","tag-gdp","tag-gold","tag-greg-hunter","tag-money-printing","tag-precious-metals","tag-usa-watchdog","tag-world-economy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41566"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41566\/revisions"}],"predecessor-version":[{"id":41567,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41566\/revisions\/41567"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}