Top Swiss economist, Egon von Greyerz shares with King World News that Western governments have a nefarious motive to steal citizens assets and enslave them in crippling financial servitude ahead of the global financial collapse amid skyrocketing gold prices.
As we reach the final stages of the current economic cycle, hubris is prevalent everywhere. Central bankers believe that they can continue to create wealth by printing and borrowing money.
There is a problem with paper money that most people aren’t completely aware of, governments and the elite profit from inflating the value of paper money, which holds no real long-term monetary value.
With their hubris, or conceit, they believe they can get away with it. All they would need to do is to look at history. Long term, no one has ever got away with creating a system based on fake money, unlimited debt, zero or negative cost of money with the government and the bankers being the main beneficiaries. They will of course not succeed this time but the power and massive wealth created by a small elite make the “Powers That Be” so corrupt and so arrogant that they can’t even see the consequences
Historical trajectories universally show governments have continually tried to sidestep the natural boundaries of sound money by manipulating financial systems into using counterfeit currency. In other words, paper money, which is, in reality, nothing more than creating a currency out of thin air and holds little lasting value.
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Communism plain and simple comrads