Greyerz—the World Is Now on the Verge of Another Lehman Moment

The comments below are an edited and abridged synopsis of an article by King World News

“The global traveling circus is now reaching ever more nations just as expected,” said Egon von Greyerz. “This is right on cue at the end of the most extraordinary financial bubble era in history.”

Greyerz—the World Is Now on the Verge of Another Lehman Moment - BullionBuzz - Nick's Top Six
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It is debt creation, money printing and the resulting currency debasement that creates the inevitable fall of yet another monetary system. This has been the norm throughout history; the more it changes, the more it stays the same.

It started this time with the closing of the gold window in 1971. That was the beginning of a financial and political circus that continuously added more risk and more lethal acts to keep the circus going.

An economic upheaval always causes political chaos with a revolving door of leaders and political parties coming and going. Remember, a government is never voted in, but inevitably voted out.

It was clear to many that the circus would end with all of the acts crashing virtually simultaneously. This is starting to happen now. Witness events in the UK, the US, Italy, Canada, France and Germany.

Up for discussion: Debt bondage; unlimited personal liability; with over $2 quadrillion debt, protection is key; derivatives—the most dangerous financial weapon created; and central banks rescuing UK and Swiss banks.

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