Greyerz – Macleod Is Right, There Is NO LIQUIDITY IN LONDON And Bullion Banks Are Short 100 Million Ounces Of Silver from King World News
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the bullion banks are now short 100 million ounces of silver on the Comex and there is no liquidity in London.
Each week Egon von Greyerz articles are published first on KWN.
January 31 (King World News) – Egon von Greyerz out of Switzerland: “All things are poison and nothing is without poison; only the dose makes a thing not poison.” These words were expressed by the famous Swiss physician and scientist Paracelsus in the 16th century.
This week I will discuss two poisonous areas; a toxic derivatives market in silver and ubiquitous fake silver coins and bars.
But first a few words about the dollar.
CENTRAL BANKERS – MASTER FORGERS
The most blatant toxic forgery is carried out by central banks around the world. These banks manufacture $ tens of trillions of fiat paper or electronic entries and then tell the people that it is real money.
If ordinary people would print money, the forgers would go to jail and the money would be destroyed as it is fake and worthless. But when central banks print money, no one goes to jail. Instead they tell us that this money has the same value as the money already in circulation. They might actually be right.
Take the dollar – in real terms it has lost 98% since 1971. So all the dollars circulating are virtually worthless. Thus not much different to freshly printed dollars which are also worthless…
BIDEN & YELLEN TO MAKE HISTORY
In the next 4 years the BY (Biden & Yellen) team will most probably be the ones who fulfill Voltaire’s prediction in 1729 that “Paper Money Eventually Returns To Its Intrinsic Value – ZERO.” Like Matt Piepenburg and myself, Voltaire knew he would be right because history has 100s of examples of governments and central banks destroying fiat currency.
This content was originally published here.
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