Prepare for 10 Years of Global Destruction
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
The final stages of major economic cycles are always accompanied by the maximum amount of bad news as well as heinous events. This time is no different.
As the decline accelerates, the next phase will include major political, social, economic as well as wealth destruction.
What can be more heinous than a total economic and financial collapse accompanied by a potential World War III that at worst could destroy the world.
Physical gold is the ultimate wealth preservation investment and the next major move up in gold is not far away.
President Biden’s recent visit to Ukraine and whistle-stop tour of Europe confirmed that there is no desire to make peace, only war. More support of weapons and money from the US is forthcoming. And whatever the US dictates, Europe follows without considering the consequences.
China is trying to act as peacemaker but was cold shouldered by the West. More importantly, the Chinese Ministry of Foreign Affairs has issued a policy document called “US Hegemony and its Perils.”
Up for discussion: The structural decline of the West; the road to perdition for the US and the West; will there be a global nuclear war; wealth preservation and CBDCs; the superior Swiss economy and political system; risk of war in Europe; and wealth preservation and gold.
