from KingWorldNews:
Greyerz: “Eric, we live in an era where some people have created unprecedented wealth, and others have had a perceived high standard of living based on debt. In my view, 2014 will be the year when people will get the most unexpected and shocking wake up call….
“The wealth that has been created by debt and money printing during the last few decades, and especially during this century, will, in the next few years, be totally destroyed. Stock markets, bond markets, and property markets are all finishing a major secular bull market.
Only future historians will tell us what the magnitude of this down-cycle will be. It could be a cycle from the 1700s that is finishing now, or it could also be one that goes back to the Roman Empire. In any case, most of us are only likely to experience the very beginning of this secular downturn.
Egon von Greyerz Continues @ KingWorldNews.com
Read more about Terrifying Worldwide Meltdown To Devastate The Entire Globe
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