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Egon von Greyerz

Posted by ipso facto @ 10:49 on December 5, 2016  

“There are only two ways to deal with a problem in a financial system which has total derivatives of $1.5 quadrillion on top of already insolvent bank balance sheets. Central banks either print unlimited amounts of money, which is guaranteed to happen, or the banks go under.” -Egon von Greyerz

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.