{"id":63411,"date":"2022-08-31T06:56:20","date_gmt":"2022-08-31T11:56:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63411"},"modified":"2022-08-31T06:56:20","modified_gmt":"2022-08-31T11:56:20","slug":"greyerz-the-us-economy-is-crashing-but-the-global-collapse-will-be-even-more-terrifying","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63411","title":{"rendered":"Greyerz \u2013 The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying"},"content":{"rendered":"<div class=\"post-title\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/kingworldnews.com\/greyerz-the-us-economy-is-crashing-but-the-global-collapse-will-be-even-more-terrifying\/\">Greyerz \u2013 The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying<\/a><\/h3>\n<\/div>\n<div class=\"image-post\"><img decoding=\"async\" title=\"Greyerz \u2013 The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying\" src=\"https:\/\/kingworldnews.com\/wp-content\/uploads\/2022\/08\/King-World-News-Greyerz-The-US-Economy-Is-Crashing-But-The-Global-Collapse-Will-Be-Even-More-Terrifying-864x400_c.jpg\" alt=\"Greyerz \u2013 The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying\" \/><\/div>\n<div class=\"post-content\">\n<p><strong>Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the US economy is crashing but the global collapse will be even more terrifying.<\/strong><\/p>\n<p>_____<\/p>\n<p><strong>\u201cEveryone wants to live<br \/>\n<\/strong><strong>at the expense of the<br \/>\n<\/strong><strong>state. They forget<br \/>\n<\/strong><strong>that the state wants<br \/>\n<\/strong><strong>to live at the expense<br \/>\n<\/strong><strong>of everyone.\u201d<br \/>\n<\/strong><strong><i>Frederic Bastiat<\/i><\/strong><\/p>\n<p><span class=\"Apple-converted-space\">August 28 (<a href=\"http:\/\/kingworldnews.com\/\"><u>King World News<\/u><\/a>) \u2013\u00a0Egon von Greyerz, Founder of Matterhorn Asset Management (based in Switzerland):\u00a0\u00a0<\/span>Contrary to what the wisest men and women in the land have told us, the world has been hit by the most vicious bout of inflation.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The \u201ctransitory\u201d heads of the Fed and ECB clearly couldn\u2019t recognise inflation until there was a scapegoat like Putin to blame it all on.<\/p>\n<p>The fact that Powell, Lagarde and their predecessors had laid the perfect foundation not just for a small spell of price increases but for an unstoppable avalanche of global inflation, they were totally oblivious of.\u00a0<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><strong>NEITHER COVID NOR PUTIN IS THE CAUSE OF INFLATION<\/strong><br \/>\nLet\u2019s be very clear.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Covid didn\u2019t create inflation.<\/p>\n<p>Putin didn\u2019t create inflation.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>No, inflation is the result of governments\u2019 and central banks\u2019 irresponsible and totally irrational policy of believing that prosperity can be created out of thin air.<\/p>\n<p>They don\u2019t understand or at least choose not to understand that reckless creation of fake money that has zero value CREATES ZERO WEALTH.<\/p>\n<p>Money in itself has ZERO value. Money is just a derivative that derives its value as a medium of exchange through the production of goods and services.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>In simple terms, money that has derived value from anything but goods and services has ZERO value.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greyerz \u2013 The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the US economy is crashing but the global collapse will be even more terrifying. _____ [&hellip;]<\/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":[2,3],"tags":[124,236,14995,426,6818,538,10752,13351],"class_list":["post-63411","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-central-banks","tag-economic-collapse","tag-egon-von-greyerz","tag-inflation","tag-king-world-news","tag-money-printing","tag-money-supply-growth","tag-price-inflation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63411","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=63411"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63411\/revisions"}],"predecessor-version":[{"id":63412,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63411\/revisions\/63412"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}