How Will It All End?
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
“Akhlys, the Greek goddess of Misery and Poison, is exerting a major influence on the world currently. And sadly the dosage of misery and poison will increase in coming months and years.”
“What is now crystal clear is that this excess dose of fake assets and fake liabilities will totally poison the financial system and the world economy.”
“As Paracelsus, the renowned 16th century Swiss physician said, “all things are poison, it is the dosage that makes it either a poison or a remedy.””
“When a world already in trouble was hit by a severe financial crisis in September 2019, the dose of debt was already excessive. But as the Fed and the ECB opened the money spigots fully, they filled the world with poisoned or fake money. The BY team (Biden & Yellen) will now be certain to finish this process with their profligate spending plans.”
Up for discussion: Major central banks’ balance sheets up 6x since 2006; calling the holdings of central banks ‘assets’ is a travesty; the second wave of great financial crisis is here; a world drowning in debt; derivatives—weapons of mass destruction; the more debt, the more asset markets inflate; global asset crash ahead; bosses earning 357x more than workers; Greenspan—manna from heaven; how will it all end; hyperinflation is a currency-driven event; and history tells us to seek protection before the event.