Egon Von Greyerz: the biggest global economic bubble in history is coming to an end

Egon Von Greyerz of Matterhorn Asset Management is predicting the biggest global economic bubble in history is just coming to an end and we are now entering a secular bear market for the world economy and for most asset classes such as stocks, bonds, property, private equity, and cash. According to Von Greyerz, the experiment of creating wealth by printing money and expanding credit will be revealed as the biggest fraud in economic history. In an attempt to stave off the inevitable central banks will print unlimited amounts of money. But this time it will fail. You can't create prosperity by printing money and you can't solve a debt problem by incurring more debt. Initially, we will see a collapse of most bubble assets as well as debt. After a period of hyperinflation, there will be a deflationary implosion of the financial system. The 100-year debasement of all currencies to zero will be completed in the next 5-6 years. Gold will play a major strategic role in coming years.