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Courtesy of GG.

Bill

Greyerz – The Clock Is Ticking: We Are Going To See Massive Wealth Destruction And The Greatest Transfer Of Wealth In History
February 21, 2021

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the clock is ticking and we are going to see massive wealth destruction and the greatest transfer of wealth in history.

Each week Egon von Greyerz articles are published first on KWN.

February 21 (King World News) – Egon von Greyerz at Matterhorn Asset Management (in Switzerland): Understanding four critical puzzle pieces is all investors will need to take the flood that leads to fortune.

Why then will the majority of investors still take the wrong course and lose their fortunes? Well, because investors feel more comfortable staying with the trend than anticipating change. Understanding the four puzzle pieces below will not just avoid total wealth destruction but also create an opportunity of a lifetime.

The next 5-10 years will involve the biggest transfer of wealth in history. Since most investors will hang on to the bubble markets in stocks and bonds, their wealth will be decimated.

As Brutus said in Julius Caesar by Shakespeare:

“There is a tide in the affairs of men,

Which taken at the flood leads on to fortune.

Omitted, all the voyage of their life

Is bound in shallows and in miseries.

On such a full sea we are now afloat.

And we must take the current when it serves.

Or lose our ventures.”

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