Von Greyerz: This Implosion Will Be Fast… Hold on to Your Seats
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
Massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late.
The massive money creation by central and commercial banks has resulted in an expansion of global assets from $450 trillion in 2000 to $1,540 trillion in 2020.
Up for discussion: Debt-to-GDP growth; Biden bans Russian gold; sanctions are counterproductive; gold, the US dollar and stock markets; there’s a major gold move coming; dollar fall next; major stock market fall ahead; wealth preservation, and a warning to be careful.
“No one can of course time these moves exactly. But what is critical to understand is that risk is now extremely high and investors are not going to be saved by central banks.”
“And remember that fire insurance can only be bought before the fire starts!”