Greyerz also predicts,
"There will be one event after another, and instead of all the good news we have seen . . . now, we will see just bad news coming out. Sadly, we are just at the end of a major era."Greyerz is predicting the end of the U.S. dollar era, and you don't need a total abandonment for the dollar to crash globally. Greyerz says,
"In any market, you don't need big sellers to change the price dramatically. It is always the marginal buying and selling that can make a dramatic difference. . . . If there are sellers and no buyers, that market will collapse."Printing money to support the stock market and the bond market will work for a while, but Greyerz warns,
"The ammunition that they have will, of course, be so devalued that nobody will want it. So, any support they try to muster in the future will have no effect. This is why markets are going to be in a terrible state in the next few years. It will be all the bubbles that have been created over a very long period."On the Swedish gold referendum coming at the end of November, where the Swiss will vote for gold backing to their currency, Greyerz says,
"Let's first say that the government is against it. So, they are in the "No" camp and so is the Swiss National Bank. They are not supposed to campaign officially in these kinds of referendums, but they still are making clear statements that it is dangerous for the Swiss National Bank to lose its powers to . . . manipulate the market. So, the "No" camp are afraid they will lose the power to print money, and manipulation of markets is going to be taken away from the Swiss National Bank."Greyerz goes on to say, "It's too early to call it, but I would say we stand a very good chance. I am firmly in the "Yes" camp, and I am a great believer in this fight for sound money."
Join Greg Hunter as he goes One-on-One with Egon von Greyerz, Founder of Matterhorn Asset Management.
After the Interview:
Egon von Greyerz is working for passage of the Swiss Gold referendum. He says he is firmly in the 'Yes" camp. If you would like to donate to the "Yes" camp to help fund getting the word out for passage, you can do so by clicking the donation/information page at GoldSwitzerland.com
will go the way of the Scotland referendum where the people vote Yes, but the official result is No. If those in the Yes camp aren't thinking about how the results can be stolen by TPTB and counteracting it, then I don't see them winning.