Greyerz – We Have Just Seen A Huge Warning That A Global Collapse Is About To Unfold
Greyerz – We Have Just Seen A Huge Warning That A Global Collapse Is About To Unfold from King World News
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned King World News that we have just seen a huge warning that a global collapse is about to unfold.
Unprecedented Risks And The Wisdom Of Plato
December 16 (King World News) – Egon von Greyerz: “As we approach the beginning of the biggest wealth destruction in history, it is timely to turn to the wisdom of one of the great philosophers. Plato (428-348 BC) stated:
“The greatest wealth is to live content with little.”
And that is the lesson that most people in the world will need to learn the hard way in coming years. We are now at the end of an era which has created unreal wealth for a few and massive debt for most of the world. As all the bubble markets in stocks, bonds, property and other financial assets implode, together with the debt that has fueled it all, 100s of trillions of dollars will just vanish and never return. The consequences will be both shocking and devastating for most people…
“It is interesting how few people, especially in the West, heed the wise words of Plato. We all come into this world alone with absolutely nothing and we leave the world in the same way – alone with nothing. And in between most people try to accumulate as many possessions as they possibly can, although we can take nothing with us when we leave. I have recently had discussions with a couple of different friends who have expressed content with what they have and are in no need of amassing material wealth. These are both people of great intellect and integrity and also with many interests which are both stimulating and free. It is refreshingly uplifting to meet such people who are totally content with their lives.