2018-12-12T06:09:02.000Z
Restored Republic via a GCR Update as of December 13, 2018.
Restored Republic via a GCR Update as of December 13, 2018.
Financial and precious metals expert Egon von Greyerz says, “Because of the artificial control of the system, the cycles becomes ten times or a hundred times bigger than they would have been by natural forces. We have had a hundred years of excesses in the world and artificial wealth creation. Now, in the coming years, we will have a very long period of the opposite. Wealth will disappear. A lot of people will suffer, and, sadly, there will be famine. There will be misery. The world has gone through this before, but this will be bigger than it ever has been. The world will survive this, but there will be a lot of suffering when this implodes. . . . The fear hasn’t started yet, but it will, and then there will be a rush into gold and silver. Our clients are increasing their positions. . . . In my view, 25% of total net worth is the minimum (to invest in gold and silver), and, personally, I would not have any major assets in the bank because I don’t think the banking system will survive. If it survives, it will not be in its present form. Stocks, in relation to gold, will go down 90% to 95%. They went down 90% in 1929 to 1932. . . . There will be the most massive wealth destruction ever.”
Join Greg Hunter as he goes One-on-One with Egon von Greyerz of GoldSwitzerland.com.
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We’ll speak with Jim again in a few weeks for our annual year-in-review and look ahead. For today, however, I thought we should mainly focus upon the three main subjects that have Jim’s attention into the end of 2018. And as you might imagine, there’s quite a bit in between, too…
Source: https://www.tfmetalsreport.com/podcast/9081/your-holiday-weekend-jackass

A peer-to-peer car-rental firm named Turo (formerly called RelayRides) increased $12 million in series D financing by American Express and Sumitomo. The funding brings the organization’s total capital raised to $205 million…