Risk Greater Than Ever-Egon von Greyerz

The following excerpt is from an article that originally appeared on USA Watchdog

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial expert Egon von Greyerz (EvG) says the central bankers did not fix the problem that caused the last global economic meltdown. EvG points out, “Did they save the system?  For ten years they did, but they didn’t save it.  They made the problem a lot bigger.  Global debt has gone from $120 trillion in 2006 to $225 trillion today.  Central banks have printed another $18 trillion.  So, the situation right now is a lot worse than it was then.  So, the bubble is much bigger.  And remember last time, interest rates worldwide were around 5% to 6% ten years ago. . . .Today, they are zero or negative in many countries.  They cannot achieve anything by adjusting interest rates.  Well, they can make them more negative, but people are not going to give them any money with negative interest rates.”

EvG has decades

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