The End Of An Era:

All Hell Will Break Loose For Humanity

Authored by Egon von Greyerz 

We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose.

The consequences will be fatal for the world.

There are eras in history which have produced great leaders and thinkers. But sadly, the current era has produced nothing of that kind. The end of an economic cycle produces  no great leadership or statesmanship but only incompetent leaders.

It is the buildup of a massive debt mountain which has given the Western world a false comfort based on false values.

But as I have explained before, the debt explosion is not finished until the fat lady sings. And sadly a lot will happen before she finally sings.

Because like most economic eras, this one will finish with a number of spectacular events, many of which will take place concurrently.

Only a few months ago, Powell and Lagarde were singing from the same hymn sheet about transitory inflation.

But as these Central Bank chiefs prove consistently, they are always wrong. For years they are trying to get inflation to two percent and then, all of a sudden, it is approaching 10% and they don’t understand what has hit them.

They haven’t even understood that Keynesianism was dead before it started.

Even a monkey would understand that if you print $10s of trillions and keep interest rates at zero or negative for years, the end result will be spectacular inflation.

Initially we saw unprecedented asset inflation in stocks, bonds and property but it was always clear that the exponential increase in money supply would eventually reach consumer prices.