from King World News
Egon von Greyerz warned King World News that the choase we are seeing
right now is unprecedented in world history. Greyerz, who is founder of
Matterhorn Asset Management out of Switzerland, also cautioned “The
confluence of these cycles will cause unimaginable turmoil in the
future.” Below is what Greyerz had to say in this remarkable interview:
Eric King: “Clearly the banks in have reopened in Cyprus, your thoughts in the aftermath of all of this?”
Greyerz: “Eric, they have opened, but the problem is still there.
Banks still don’t have enough money. The package which has been put
forward by the Troika is not going to last. If they ever, which they
might not, lift the exchange controls and restrictions on Cyprus banks,
then we will see a run on the banks again….
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