Gold will reign in splendour as asset bubbles burst

King World News weekly – June 26, 2015

Egon von Greyerz: “Greece is a country that is an example of not just the problems in the EU and the eurozone but also the problems in the world. Since 2006 Greek debt is up by 50 percent to 320 billion euros. During the same time, Greek GDP has fallen by over 20 percent. Greece should never have joined the EU and certainly not the eurozone with the euro as their currency. Historically, culturally, economically, Greece does not belong in the same group as say Germany. The result of this unhappy union has created a financial wreck that’s been kept from sinking by the troika

  • Greece and one unhappy union
  • A 113 Trillion problem
  • World debt has doubled this century

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