Greyerz: “Eric, we have three potential disaster areas in the world: Europe, the US, and Japan. And each one of these areas have problems of a magnitude which would be sufficient to trigger a collapse of the world economy and of the global financial system.
But the combined problems of these three areas are guaranteed to change the world as we know it today….
“In Europe, the US, and Japan, we have governments that can only prevent an immediate collapse by borrowing and printing money that will never be paid back. On top of that, we have a financial system that only survived the 2008 crisis through a massive package of $20 trillion of fiat money which was printed out of thin air.
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