Palisades Gold Radio (w/ Egon von Greyerz): The West will Go the Way of Debt Implosion and Inflation


Palisades Gold Radio
May 23, 2023

Tom welcomes back Egon von Greyerz, Founder and Managing Partner of Matterhorn Asset Management AG based in Switzerland.

He explains how the debt ceiling is a farce, and a regular show every time it’s reached. It’s been raised over a hundred times and every time, it’s nothing but a political posturing. This is only going to lead to the debt being increased exponentially. Firesince Reagan, the U.S. debt has doubled every eight years, and by 2025, it is projected to reach around $40 trillion. The Fed will likely reach a point where it will no longer be able to control the interest rates. This signifies a dire situation that is further complicated by the fact that no one wants to buy bonds from a country that is technically bankrupt. To try and keep the debt at bay, the U.S. will most likely deploy inflationary tactics, resulting in an increase in prices.

Looking at the macroeconomic scenario, investing in gold is the way to go to safeguard assets from the insecurity caused by risky assets.

Additionally, Egon emphasizes that banks in the E.U. are no better off than those in the United States, and the current economic system would have worked much better if supply and demand were allowed to rule, as opposed to the continuous government interference.

Finally, we are seeing a decline in the West, which could potentially lead to occasional conflict. Nevertheless, Egon advises that we help each other to make it through this rocky patch, as it’s going to be difficult for everyone no matter what.



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