Greyerz – This Is The Investment Of The Century
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals says this is the investment of the century.
Egon von Greyerz:The Founding Father and President Thomas Jefferson understood the extreme danger in handing over the issuance of the money to the bankers:
“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills, or notes for anything but Coin.
If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” — Thomas Jefferson (1743-1826)
If we look at just one example of “depriving the People of their Property” as Jefferson stated, the consequences for the ordinary man are devastating.
According to Federal Reserve Data, the richest 59 Americans have a wealth of $2 trillion which is the same as the wealth of poorest 50% or 165 million people. If we instead take the richest 1%, their wealth in Q2 2020 is $34 trillion or 17x the poorest 50%.