January 13, 2019
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies warned King World News to expect terror in 2019 as bank bail-ins begin in the West.
Big Changes Coming In 2019
January 14 (King World News) – Egon von Greyerz: “In 2019 the investment world will start to realize that asset markets don’t grow to heaven as stocks, bonds, and property, start their long journey down which will eventually lead to declines of 75% to 95% in real terms (vs gold). But the major risk is not just investment markets. Just as important is counterparty risk, which too few investors are concerned about.
Anyone who wants to protect their wealth should not be invested in any of the bubble asset markets as I have stated in many KWN articles. But to also avoid counterparty risk is a lot harder. It is clear that it will be extremely hard to navigate investment markets between Scylla and Charybdis (a rock and a hard place). For the few investors who early on get out of the risky asset markets fueled by credit expansion and money printing, many other dangers remain…