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Egon von Greyerz: The Financial System is Terminally Broken


The Financial System Is Terminally Broken The financial system is terminally broken, toast, kaput! PUBLISHED BY EGON VON GREYERZ | MAR 19, 2023 Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%. Many bonds will become worthless. Wealth preservation in physical gold is now absolutely critical. Obviously, it must be stored outside a broken financial system. I explain more, later in this article. The solidity of the banking system is based on confidence. With the fractional…

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