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Greyerz:  “In the short-term, Eric, European interbank loans are collapsing which means the system is under great strain.  And the major part of the Fed’s money is going to foreign banks.


There is also a massive liquidity shortage in China.  It (the liquidity shortage) is now at an all-time high.  The Bank of China wants to drain liquidity, but they can’t since that would mean a collapse of the financial system....


Continue reading the Egon von Greyerz interview below...




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“So China’s financial system is a bubble, Eric, and that could lead to major problems.  In the U.S. long interest rates have risen.  The 10-Year bond is up from 1.4% last year, to 2.1% now.  The 30-Year is up almost 1%, from 2.4% to 3.3%.


Inflation is increasing and the PPI that came out today is a sign of that.  We know that real inflation is much higher than published.  Any person buying food can testify to that.  And eventually (interest) rates will reach the teens at least.  Gold and silver did react positively to the PPI today, and I still believe we’ve seen the bottom in the metals.  Technically one more decline is possible, but it’s becoming less likely, Eric.  So we are not far from a major up-move in the metals. 


Looking at the gold/silver ratio, it looks like silver will have a major move and will be leading the move (higher) in the metals.  The gold/silver ratio is extremely overbought.  A fall of the gold/silver ratio, which is currently at 63:1, means that silver will go up a lot faster than gold.  So there is a great potential in silver now.  Short-term I could see silver move very fast (to the upside).”


This is only a small portion of what Greyerz had to say in his extraordinary audio interview.  The KWN audio interview with Egon von Greyerz is available now and you can listen to it by CLICKING HERE. 


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Egon von Greyerz, Gerald Celente, James Turk, John Embry, Dr. Philippa Malmgren, Bill Fleckenstein, Eric Sprott, Stephen Leeb, Rick Rule, Jim Grant and Art Cashin are available now.  Also, be sure to hear the other recent KWN interviews which include Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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