kingworldnews.com / Jul 2, 2017
As we near the 4th of July holiday in the United States, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that the worldwide destruction that lies in front of us will be unimaginable.
Egon von Greyerz: “The report of my death has been grossly exaggerated” are words that Janet Yellen is likely to utter within the next few years. It was of course Mark Twain who said it over 100 years ago, before the Fed even existed. Yellen has just stated that there won’t be another financial crisis in her lifetime and she will most likely have to eat those words in coming years. We know that the Fed’s record of economic forecasting has been abysmal. They have never forecast or anticipated a single economic downturn. Here is what Greenspan said in 2010:
“We didn’t forecast better because we can’t.”
Well there we have it from the master himself of both Fedspeak and gobbledygook. For over a century the Fed has not anticipated any of the major economic or financial events that have plagued the world. Instead of predicting these events, the Fed has actually caused most of the economic downturns or financial crashes…
Continue reading the Egon von Greyerz interview below…
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