Matt Piepenburg calls mouse-click money
# – # – # – # – #
Von Greyerz: Forecasting The Gold Price Is A Mug’s Game
by Tyler Durden
Tuesday, May 02, 2023 – 07:20 AM
Authored by Egon von Greyerz via GoldSwitzerland.com,
*** begin quote ***
Most investors are totally ignorant of the purpose of gold or its historical significance.
After all, Gold is the only money that has survived in history but virtually nobody is aware of this vital information.
*** and ***
The Everything Bubble is likely to turn into the “Everything Collapse” (link below) with all the bubble assets declining between 75% and 95% in real terms.
After all; assets inflated by fake money must clearly be fake.
The biggest collapse will obviously be the $300 trillion debt market. But before this debt collapse, Western governments and central banks will have drowned financial markets in what my colleague Matt Piepenburg calls mouse-click money.
And they will wear out many batteries and mice before this is finished.
We saw during the Ides of March (Shakespeare), which is an ominous time in mid March when Julius Caesar was murdered. This Ides of March this year contained the death of 4 banks; one Swiss, and three US within a matter of days.
*** end quote ***
Very nice summation.
Back in history, the ruling elite always pretended that money contained valuable gold or silver.
The Romans debased their currency.
So did the French.
What makes us think that it will result in a different outcome?