- Central Banks Are Now in the Endgame
by Egon von Greyerz, https://goldswitzerland.com/
Central bankers were handed the Midas curse half a century ago. Midas turned everything that he touched into gold– even his own food. Exactly 50 years ago (15 Aug, 1971) central bankers were handed a much worse curse by Nixon. But instead of turning everything into gold, their curse was to turn all real assets, including gold, into worthless paper, creating the perfect setup for this central bank endgame.
Nixon had of course not studied history. Because if he had, he would have understood that his lie was $100s of trillions worse than the Watergate lies:
“THE EFFECT OF TODAY’S ACTION will be to stabilise the dollar”
As the chart below shows the dollar has lost 98% in real terms (GOLD) since 1971. Just a one hour history lesson would have taught Nixon that no currency has ever survived in history since all leaders without fail have done what Nixon did.
Reminds me of the line in Pete Seeger’s song “Where have all the flowers gone”:
“WHEN WILL YOU EVER LEARN, WHEN WILL YOU EVER LEARN?”