Every Country Will Start Printing Money -- Egon von Greyerz

On the recent vote that defeated the call to back the Swiss franc with 20% gold, Egon von Greyerz of Matterhorn Asset Management says, “The whole of the elite were against us. Now, we thought the people, the Swiss people, would be on our side because the Swiss people understand the importance of gold. They were clearly influenced by the massive campaign of the government and of the central bank. The losses for the Swiss National Bank could have been very serious, and that’s why they were quite desperate to stop this initiative.” Egon von Greyerz goes on to say, “Switzerland now has to print money. The currency is only backed by 7% gold, and now they have a free-for-all to print more money . . . this, of course, will be very bullish for gold because it won’t be just Switzerland. Virtually, every country in the world will start printing money. ”


The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more