The Worst Global Crisis In History Will Be Triggered In The Next Few Months
7 August, 2016
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that the worst global crisis in history will be triggered in the next few months.
The Seeds Of The Worst Global Crisis In History
(King World News) Egon von Greyerz: “This coming autumn, we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis. Hyperinflation normally hits an economy very quickly and unexpectedly and is the result of the currency collapsing. Hyperinflation does not arise as a result of increasing demand for goods and services.
The course of events in a hyperinflationary scenario can be summarized as follows:
1. Chronic government deficits
2. Debt issuance and money printing escalating rapidly
3. Bonds falling – interest rates rising fast
4. Currency collapsing
The above process turns into a vicious circle that accelerates quickly…
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