Financial crisis

Broken World Economy Cannot Escape Scylla & Charybdis

Published by Egon Von Greyerz | Jul 10, 2020 | 33791

As the world economy desperately tries to navigate to a safe harbour, is it going be pulled down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world severely...

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What Powell And Lagarde Told The G7?

Published by Egon Von Greyerz | Jul 5, 2020 | 30591

Why don’t Powell and Lagarde tell the people that central bank actions are destroying the economy and the value of the country’s money. The dollar has lost 86% in this century and the Euro 82%, measured in real money. Real money is of course gold since it represents constant purchasing power and is...

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Can Too Big For Fed & ECB

Published by Egon Von Greyerz | Jun 25, 2020 | 35159

Central banks have since then frenetically kept the party going by manufacturing worthless paper money. The music should have stopped in 2008 but the participants are still dancing on the grave of a system that is about to succumb.

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ECB Offers €1.3tn at -1% to Rescue European Banks

Published by Philippe Herlin | Jun 24, 2020 | 41317

By rolling over the debt of ailing banks (new loans to pay off old ones), the ECB is giving them a very bad habit, namely that of governments with perpetual deficits, which are thus exempting themselves from any budgetary effort. What is the point of cleaning up one's balance sheet if the ECB gracio...

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The Great Reset

Published by Cyrille Jubert | Jun 17, 2020 | 53084

On June 3, 2020, at the World Economic Forum, Kristalina Georgieva, the current director of the IMF, gave a conference untitled "The Great Reset". During her speech, she referred to the 1944 Bretton Woods conference, which had set the monetary rules for the following decades and she declared that th...

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$GOLD $VIX $SILVER $HUI: 2008 vs Now

Published by Stefano Bottaioli | Jun 16, 2020 | 21807

This chart shows a comparison of Gold, Silver, VIX and HUI in 2008 and now. The extreme movements of volatility (VIX) have often accompanied movements of opposite sign in the precious metals. If we review the phase of extreme volatility seen in 2008, we find several similarities with the current pha...

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"This Is It" & Big Mac Case For Gold

Published by Egon Von Greyerz | Jun 11, 2020 | 4881

Despite the clear “suckers rally” in risk assets, Egon discusses the relative outperformance of gold vis-à-vis exchanges like the DOW while warning of the inevitable (hyper-) inflation to come, using none other than the “Big Mac Indicator” to make this reality all-too clear.

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