On the back of a wild week of trading in global markets, today the 42-year market veteran, who correctly predicted on Tuesday that the Fed would not taper, is now warning King World News that we should expect chaos in the aftermath of this week’s historic events. He also discussed what all of this means for gold and silver.

Not only will there be no tapering, but my forecast is that during 2014 QE will increase substantially. In fact, we could easily see QE double in 2014, and later on I expect trillions of dollars, and eventually even tens of trillions of dollars of money printing each year. This will also mean increased turmoil and chaos in global markets.

So the US is now on the road to hyperinflation. Hyperinflation arises as a result of a collapsing currency and this is exactly what is happening to the US dollar.

[link to kingworldnews.com]

Eric King:  “Egon, astonishingly, you correctly predicted that there would be no Fed tapering this week.  That Fed decision certainly shocked the world and shocked the financial markets.  Where do we go from here?”

Greyerz:  “Yes, Eric.  It did not surprise me at all that the Fed did not taper because for a patient on life support that is not the time to turn off the machine because that machine is what keeps the patient alive artificially.  So how can the Fed possibly slow tapering?

The US is a country with a total government debt of $220 trillion, unemployment at 23%, the job participation rate at the lowest level since the 1970s, median household incomes at multi-decade lows, and real-GDP declining since 2006.  We have also seen federal debt double since 2006, and consumer credit has been exploding.  So the picture is clear….

Continue reading the Egon von Greyerz interview below…

[link to kingworldnews.com]

4 Responses to “Man Who Predicted No Fed Tapering Now Says To Expect Chaos.”

1. Veritas
   September 21st, 2013 @ 5:49 am

   We are the Weimar Republic, and we all know what happened AFTER the Weimar Republic.

2. Veritas
   September 21st, 2013 @ 6:06 am

   We are wise to see the “other chaos” which Liberalism has unleashed upon us:

   1. Nationalization of health care

   2. Disregard for privacy rights

   3. Common Core Curriculum, with the CORE being created by Alinsky Elitists, in Washington and every State Ed Deparment of states who have bought into the system.

   Regard what happened when the father in article tried to warn the assemblage about what was happening (and remember from Fox and Friends the mother who recently said she was HORRIFIED that her fourth grader came home and asked her what a “pimp” was, a curriculum VOCABULARY WORD….whatever happened to DECENCY in America.

   Do we ALL have to be dragged down to the level of debauchery for Obama to get his jollies?

   From THE BLAZE:

   “Don’t stand for this,” the father said as he was dragged out. “You are sitting here like cattle! Is this America?”

   Small also urged other parents to demand answers on Common Core and the curriculum being used to educate their children.

   As the Baltimore Sun reports, the officer then “pushed Small and then escorted him into the hall, handcuffed him and had him sit on the curb in front of the school.”

3. Veritas
   September 21st, 2013 @ 3:38 pm

   Enlightening post, Patrick.

Leave a Reply