Greyerz: Total Global Collapse Coming

KINGWORLDNEWS – January 23, 2015: “Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction. Greyerz: “These decisions by the central banks have virtually no impact whatsoever on the underlying economy over the longer-term. They did what they had to do because the European banking system as well as the economy is in dire straits.”

Total Global Collapse: This is what all central banks have done – they’ve trapped themselves in a corner. They have zero or negative interest rates, they are printing more money, and they are buying more assets that they can’t sell and that are worth a lot less than they are paying for them. So every single central bank in the world is bankrupt because they will never, ever get the price for their assets that they paid for them. This is why the financial system will not survive, Eric, and a total global collapse is now in front of us.” Link: Read Complete Article

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