- Currency Wars, Gold Peace & Total Collapse!
Today Egon von Greyerz sent King World News exclusively an extraordinary piece where he discusses currency wars, gold peace, and total collapse. Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also included two powerful charts in his outstanding piece below.
By Egon von Greyerz Matterhorn Asset Management
July 12 (King World News) – Currency Wars & Gold Peace
It is absolutely imperative for investors not to worry about the short term irrational moves of markets and not to listen to government figures or central bankers who make political statements that bear no resemblance to their actions.
As I have discussed many times on King World News, the currency wars are continuing and in my KWN interview last week I discussed the ECB, BoE making statements that rates would be low for a foreseeable future due to pressures in these economies. The same is of course true for bankrupt Japan. Well the desired effect of weakening European currencies didn’t last long. This week Bernanke basically said the same as last week but the markets reacted differently and he achieved the desired effect of the dollar falling rapidly….