Today a 42-year market veteran told King World News that the powers that be have frozen the money intended for the Swiss Gold Initiative. This is a stunning event. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview. Greyerz: “Eric, there was a time when central bankers were independent and free thinking individuals. But now they
With gold, silver, oil, and other commodities getting hit, today Michael Pento warned King World News that the world is about to fall into a terrifying deflationary crater. Pento also discussed what he is doing with his firm’s money ahead of the coming chaos. Pento: “Eric, there was a crucial central bank action taken yesterday. A surprisingly hawkish Fed decided at its October meeting to end QE and keep a
In the aftermath of the Fed announcement that they are officially ending the asset-backed purchase program know as QE, today King World News spoke with the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar. What he had to say will surprise KWN readers around the world. Below is