$1.4 Quadrillion Derivatives Meltdown, Chaos & $11,000 Gold !

• $1.4 Quadrillion Derivatives Meltdown, Chaos & $11,000 Gold! 
  by www.kingworldnews.com
  Today a 42-year market veteran spoke with King World News about a coming $1.4 trillion derivatives meltdown and $11,000 gold.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this fascinating interview.
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  Greyerz:  “Eric, every day we get reminders that hyperinflation is on its way.  The Congressional Budget Office now estimates that U.S. government debt will rise by $10 trillion to $27 trillion by 2024.  This of course means that deficits will escalate and money printing likewise because with the U.S. running chronic deficits, no one will buy the Treasury debt.  This means it all needs to be monetized, and thus bought by the Fed.
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  The consequences of this debt monetization will be horrendous.  The dollar will collapse and interest rates will surge.  This reminds me of what the world witnessed in the 1970s.  To be older doesn’t always mean we are wiser, but it does give us a major advantage when it comes to experience….
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