March 04, 2018
As we get ready to kickoff trading at the start of a new week, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the global crash is about to seriously accelerate.
The Beginning Of The End
March 4 (King World News) – Egon von Greyerz: “Central bank heads have been at it again in the last week. And they have clearly all been singing from the same hymn sheet. The messages have been very similar from the bosses of the Fed, ECB and BOJ. The head of the Swedish Riksbank had a different and much more interesting message. More about that later.
Why should we ever listen to any of these self-important central bankers. They are consistently wrong in their forecasts and policies. Their timing is always wrong as they are always behind the curve. More importantly they are distorting the natural economic cycles by artificial manipulation of markets and thereby creating booms and busts of an enormous magnitude. The natural laws of ebb and flow or supply and demand are the best regulators of markets. If the economy was allowed to take its natural course, the world would not experience massive bubbles and nor the economic troughs with severe recessions or depressions. Central banks and bankers should not exist. They fulfill no purpose and the world economy would function so much better without them…