Today Egon von Greyerz told King World News that bankrupt nations are now printing money in a desperate effort to sustain the current global financial system. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also reiterated that tens of trillions of dollars still need to be printed. Here is what Greyerz had to say about the situation: “There is so much happening in the world now. We’ve had another package here, just under 400 billion euros (for the IMF). This is an absolute drop in the ocean. Spain needs many times that (amount). I’ve talked about trillions and maybe even tens of trillions (that need to be printed going forward).”
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