from King World News
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned the terrifying endgame is rapidly approaching.
October 18 (King World News) – Egon von Greyerz: As global central banks’ balance sheets are exploding, with disastrous consequences, the Swiss National Bank (SNB) stands out as the “biggest hedge fund” and speculator in the world. Its balance sheet is over $1 trillion or 136% of Swiss GDP. The Fed balance sheet is 35% of US GDP. So to compete with the SNB in percentage of GDP, the Fed would need to increase its balance sheet from the current $7 trillion to $27t. That seems like a big jump but not at all unlikely in the next few years.