Saturday , 15 June 2024

Our Fake Financial System Will Implode By 2025 – Got Gold?

…By 2025 the world will experience the inevitable effect of 107 years of false money, fake assets, unlimited debt and false moral and ethical values – the implosion of asset and debt bubbles – rendering the current financial system unrecognizable….[and it] will take a very long time, decades or even longer, to recover to where we are today.

The fact that it will all implode over a short period like 5 years, doesn’t mean that the problems will be over by then. It just means that debt and asset values will have all disappeared into a black hole.

  • The debts will be gone and all the false paper assets like $1.5 quadrillion of derivatives will be gone too.
  • Virtually all bonds will be worthless also.
  • Many good companies will survive but profits will crash and so will P/E ratios.
  • The result will be that stock prices will come down by 95% on average in real terms…

When stock markets fall, precious metals will continue their secular bull market which initially started in 1971 with the last leg starting in 2000. Anyone doubting that we are in a bull market needs to look at the annual charts of gold in US dollars and Euros.

The above picture could not be clearer. The 20 year bull market that started in 2000 has only seen one year with a major correction which was in 2013. (The green bars are up years and red ones down years).

…Anyone that has doubts about the future direction of gold should take heed. We have hardly started the move at this point. When the events discussed above come into play, gold will move at a pace that will surprise everyone. We will see multiples of the current price before the current bull market ends.

We are now coming to the end, after over 100 years of a fake financial system, created and controlled by the bankers for their benefit. The build up has been long but the end will be fast and extremely painful. The speed at which the collapse will happen will take the world by surprise. [Got gold?]

Editor’s Note:  The above excerpts from the original article by Egon von Greyerz have been edited ([ ]) and abridged (…) for the sake of clarity and brevity.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.