Egon Von Greyerz: the biggest global economic bubble in history is coming to an end

Egon Von Greyerz of Matterhorn Asset Management is predicting the biggest global economic bubble in history is just coming to an end and we are now entering a secular bear market for the world economy and for most asset classes such as stocks, bonds, property, private equity, and cash.
According to Von Greyerz, the experiment of creating wealth by printing money and expanding credit will be revealed as the biggest fraud in economic history. In an attempt to stave off the inevitable central banks will print unlimited amounts of money.
But this time it will fail. You can’t create prosperity by printing money and you can’t solve a debt problem by incurring more debt. Initially, we will see a collapse of most bubble assets as well as debt.
After a period of hyperinflation, there will be a deflationary implosion of the financial system.
The 100-year debasement of all currencies to zero will be completed in the next 5-6 years.
Gold will play a major strategic role in coming years.
Recorded: 24th October 2019.
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[@Paulathompson1712]

Listening to this from australia 2022 - interesting - much of what he is saying is coming true

[@deborahcurtis1385]

Which parts? Housing is at all time highs and there is no sign of that falling since the demand clearly outstrips supply. It's a policy mess but one that the government seems quite happy about since immigration fuelled demand is a main driver, but it's a driver for education and related growth.

[@martiniversen4898]

This only has 55k views. The majority of people are clueless unfortunately.

[@deborahcurtis1385]

If only an elite has stocks of gold, in a totally disintegrating environment do you really think that is going to buy them quality of life and security?

[@pekkarousu3616]

1 country has almost no debt. Russia. Government net debt 0. Banks, companies and individuals very low debt. Over supply of food, energy and all raw materials. Excellent defence against missiles, aircraft etc (S 800). Shitloads of nuclear weapons. Lots of gold and producing and buying gold all the time. Imports only 10% of GDP and exports of 30%. Political stability with a leader who's supported by 80% since 20 years. Stock market under valued. Small corporate bond market.

[@JettyBuilder]

Let’s go

[@renzokukenleneyoyo522]

@Phil Osofree Perhaps the main defect on a country that otherwise seems to be solid in a comprehensive way.

[@budzillah7194]

Food is the most important. Rusdia had their turn of economic disaster. Now its Americas turn x 100.

[@cjojay]

How reliable is data from Russia?

[@kirstinstrand6292]

@@cjojay ask Snowden.

[@brironmanbtl1162]

Thank you Egon. Information is power. And helpful. Peace be with you.

[@kirstinstrand6292]

Nothing but Monopoly Money, to be realistic, worldwide. Egon is correct, and has been many years.

[@patrickmcgoohan115]

you can tell this is dated yeah. we now have inflation and wiggle room for the banks to lower rates in the future. All it took was a pandemic with everybody locked down, goods consumed but not replaced and ports closed with supply chains disrupted. Same sort of results after a war. he mentions Germany, Denmark Switzerland at neg rates. Deflation. Now it's ubejistan, Nuia, Fiji etc having deflation. wow, it's almost as it was planned.

[@strikeeagle6871]

Egon is absolutely correct. You need to have enough wealth to overcome the social nets that will evaporate . Hand somebody a paper napkin and say buy me a sandwich. They would think your nuts . That's what Fiat currency is. Worthless !

[@beaupeep]

Yes, yes, yes! Absolutely agree.... 5 or 10% is simply not enough...

[@georgeholloway3981]

Three minutes in and Egon hasn't said anything correct at all. Does it get better?

[@Drizzly_Bear]

The napkin is worth more, since it’s at least blank and can be better used to write or draw on.

[@koltoncrane3099]

George he seems to be more correct than when the federal speaks.

[@oliverek7]

“We’re going to go through a very tough time in the world”. Absolutely bang on 👌

[@tiffsaver]

Pre-dating the covid pandemic by one full month, this is the most accurate, honest, and sobering explanation I have ever heard concerning current global events. A "must watch" for every American.

[@drksam12]

Love Egon...thanks for your work.

[@peapod8]

It's Apr. 1st, 2020. I'm anticipating in the very near term everything of which he speaks.

[@markneilson1044]

Great info, I hope it doesn't get as bad as he thinks

[@johnp556]

It'll get worse.

[@budzillah7194]

Its going to be worse. Famine coming. Massive crop failures due to change of environment. Throw an economic collapse onto this and we have horrors beyond imagination. At least there is still a little time to prepare.

[@kirstinstrand6292]

How can societies not become BARTER ECONOMIES, in time? Someone please explain to me how this will not happen, at some time in our futures?

[@piscinediquinto]

This guy is super switched on I'm amazed he hasn't been removed from you tube

[@wassup4926]

Man you guys are desperate to see yourself as martyrs or fighting the system or whatever... there is zero reason a financial talk would be removed from KZbin... keep fighting the power man! The system is out to get you!!!

[@fishtherapy100]

@mehmood mayet what has that got to do with this talk? you are looking the wrong way and you will get smacked.

[@fishtherapy100]

have you checked under the bed?

[@kirstinstrand6292]

He sounds quite sane and non-conspiracy oriented to me. Not offensive in his style and presentation.

[@willia3r]

too many people are caught up in the _"identity politics"_ to care that the Central Banking system is robbing them.

[@DavidKirwanirl]

Amusing listening to this in 2022.

[@redtroika8264]

Too bad we can't see the graphs.

[@rayg3074]

usa central bankers are looking at to get paid for their lending when they call due the asset 4 trillion in debt..….. you think they are expecting to get paid by usa gold holdings?

[@SterFry528]

The day may come when we measure value in ounces not currency

[@whitewiz222]

Well, this has aged very well, unfortunately.

[@Player-uq9et]

The real reset will happen when WWW 3 begin.

[@voice.of.reason]

Happening soon, the UK is trying to provoke Russia to strike by sending mass arms to Ukraine to fight Russia

[@danbrah571]

Interesting listening to this in 2022. 😅

[@kirstinstrand6292]

Since Covid and Climate Issues, how can ANY immigrants earn their way in a new (to them) society? This is not the era that is growing, and can, therefore, accommodate new laborers, etc. There are few employment opportunities.

[@william1863]

I Love this commentator he's a goodly fellow. ✝️

[@grayarcana]

The system seems to have returned to a Consols basis of Goverment debt, which could be consolidated by fiat: declaring the debt to be in perpetuity paying a coupon rate of, say, some rate representative of current ‘market’ rates. As long as some poor countries (I mean unfortunate) need dollars, they must pay in some sort of specie. Such consols will trade, until the dollar becomes dispensable.

[@4lugan]

Yes and it is called bitcoin (biggest bubble in history)

[@rsd1987]

Question: How can property markets (and others) go down while banks keep printing money? Doesn't the inflation push the prices even further up? I want to buy my first house (in The Netherlands), don't know what to do :)

[@cale1618]

In absolute numbers the price will increase in a hyperinflation, but will go down relative to gold. If you have a property market that is overvalued there will be a huge correction on top of this.

[@kirstinstrand6292]

@@cale1618 yes, eventually; likely sooner than later. Myself, I'd look for a long term rental, and keep saving or stacking.

[@doyleelad1113]

It will be because of increased interest rates heading back towards 20%.

[@Devil-024]

Nederland :) kom we kopen samen een huis ☺️

[@rickz3543]

All we need is Gold, bread, the Holy Bible, tthe Holy Spirit, the love of Jesus and lots of bullets…

[@dawidw.6016]

Great

[@thebrunoserge]

The rich are about to pay

[@william1863]

No wonder the leaders of Israel are trying to hurry up Netanyahu to make the Messiah come quicker. But we say Come Lord Jesus Christ from whence you rose 🌹. Oh WALLSTREET WHAT HAVE YOU DONE ????

Who's here after the DJIA just crashed 2000 pts? Egon, you legend.....he called this event years ago.......mocked, ridiculed, laughed at.....well guess who is laughing now bitches!

[@michaelcrossman6951]

Boom and Bust

[@sayahfrites2118]

inflation assurance réel : global economic bubble in history....

[@rsd1987]

"long nose"? *hooked nose

[@mikehennessy9192]

M PM

[@abuwarith1]

immigrants dont pay for themselves? they not only pay for themselves but they pay for you to be able to to eat cheap produce. everytime you have fresh or frozen fish thank an immigrant. look on top of a roof being repaired see whos running up and down that roof with shingles on his back, and ill be you have an immigfant domestic worker in your home or garden

[@anonymousAJ]

Listen to what he said - it's a problem when immigrants don't pay for themselves. He didn't say that immigrants generally fall into that category (and it's clear he thinks there exists good immigration in which the immigrants do pay for themselves)

[@voice.of.reason]

2022 and still waiting for this crash - it managed to survive a scamdemic even!

[@MissMacy2108]

Coming very soon...

[@tommyboy1653]

Dow down 5000 year to date,gas is $6 gallon,food prices up 33% and home prices are a bubble as a 1 million dollar home today cost 25.000 in 1970 for the same house ,and with a 30 year mortgage it costs 2 million to pay off in normal times,if you think it's normal. 😎

[@oliverek7]

You really have no clue