Matterhorn's von Greyerz Explains Why The Apocalypse Is Nigh

Tyler Durden's picture

A few days ago we presented the most recent investor letter by Egon von Greyerz of Matterhorn, whose pessimism makes David Rosenberg seem like a CNBC staple cheerleader. Today, CNBC invited the hyperinflationist to its European studio where von Greyerz engaged in some entertaining sparring with the anchor over two totally different worldviews. Those who have read the letter previously, and have followed the inflationist side of the argument, will not be surprised by any of the disclosures: decades of debt fueled prosperity, $20 trillion backstop of financial institutions, deteriorating fundamentals, reckless money printing, and gold as the only real store of value: in other words - all the things that those who see no treasury bubble will close their eyes to and quickly walk away from.

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eodinert's picture

Matterhorn, Bitches!

strannick's picture

Armageddon never had a more genial prophet

william the bastard's picture

At 5:00 Ergan says there are only 2 alternatives:

1- Austerity and collapse of asset prices and the banking system


Nice but there is another view:


SheepDog-One's picture

Open general question: What the hell is with ALL the English trash all over CNBC whats up with that? Is it because they believe an English accent sounds more credible or something? Only thing I can figure.

And whats with that street person in rags at 8:00?

YourAverageDebtSlave's picture

Seeing the major role the Bank of England played in the first Revolution, I find it fitting CNBC (the financial arm of the corporate ran government propaganda machine)  would be bringing in English shills to dole out financial advice to the American sheeple. 

RichardENixon's picture

Actually I'm pretty sure this guy is Swiss.

william the bastard's picture

It's the CNBC World Channel for those of us with cable TV. The street person at 8:00 is Cramer.

bonddude's picture

Back to his comfort zone of livin in his car.

Joeman34's picture

Sheep - you are obviously very new to this game...

Yes on the first question and the woman at 8min has been the European market correspondent for years...

It's no wonder, with this knowledge, the majority of your comments here on ZH are useless.

TwoShortPlanks's picture

There was a time when Time itself ticked-on unabated, and length was as ridgid as a measuring rod...and then along came Einstein and destroyed everything we desperately clung-to for reasurance that the world was real.

Historically, this economic situation has never been seen before, to everybody, so there are no experts, there are no wise old men...or wise old bag-ladies for that matter.

Aductor's picture

Egon is from Sweden (where they teach British English) and has lived for 17 years (or so) in London. Hence the British-Swedish accent.

New_Meat's picture

British-English, lol

"Two nations separated by a common language."

quintago's picture

The same reason they like to use english on infomercials. To sell trash.

Thomas's picture

Doesn't Egon moonlight as a ghost buster?

Johnny Yuma's picture

You're right and it all makes sense now. They were trying to tell us something back then:


Turd Ferguson's picture

by Chris1 

on Mon, 08/16/2010 - 09:48

Matterhorn Asset Management? Come on. An asset management group specialised in gold might be considered biased.

Biased yet oddly sensible...


Turd Ferguson's picture

Wow, ticker, that's some pretty impressive TA. Did you draw those lines all by yourself or did a kindergartner help you with your crayons? What's next, fingerpaint?

Turd Ferguson's picture

Hypocrite Alert:

I realize that I complain all the time about people attacking the messenger and not the message. In this case, however, I'm going to do it anyway.


RichardENixon's picture

He usually says something like "Booyah!"

Aductor's picture

I saved this for future reference:

09/04/2009 on CNBC

James Altucher: SPX will not see 900 ever again.

rebeltraders's picture




bonddude's picture

Plus Gilbert gets laid evry once in a while.

jm's picture

If you call humping an inflatable woman getting laid.

ColonelCooper's picture

My thought was that Gilbert went on a seven day drunk, fucked Austin Powers, and this dick pimple was the offspring.

MsCreant's picture

I am not sure if you have bested yourself with this avatar, or not. This one can be glanced at and taken as abstract art of some kind. The other one was quite clear what it was.

Fishing Chimps's picture

No, ad hominem attacks are really not the way to go, but the Gilbert Gottfried comparison was too funny!

Segestan's picture

Hilarious... they have to create a paper gold market,  just to met demand.. i.e. a Hoax... and still the paper price is $1200.

Morons. Who latter should face criminal charges for destroying many lives.

saulysw's picture

Exactly. Broaden your timeframe and relax. It's a fairly perfect exponential curve.

doggings's picture

Gold bugs beware:

lol yes because stupid technical analysis crayon drawings really capture the essence of a multi-year manipulation scam coming apart at the scenes :- /



CoverYourBasis11's picture

Dude Pitches Gold Bitchez

Dude scares ya Bitchez

Dude earns money on fear Bitchez

Probably Right...Maybe Bitchez

Got the math question wrong twice Bitchez

GIANTKILR's picture

Just twice? The biggest pain in the ass captcha site!!!

saulysw's picture

That's cheating. If you are not smart enough to work it out in your head, then you shouldn't be posting.

MsCreant's picture

You're pretty bitchy today...

Hephasteus's picture

You'd be bitchy too if you were a cyclops.

lsbumblebee's picture

CNBC European studios. Far far away from the delicate brains of Joe Kernan, Becky Quick and Carl Quintanilla.

ConfederateH's picture

Cnbc.  What a bunch of wankers.

HitTheFan's picture

Stupid question about Gold. Gold is money. Nothing else.

tmosley's picture

Must have been junked by a fan of silver.

ColonelCooper's picture

But I wanna be a fan of both.

RSDallas's picture

What I heard from this interview is that we are all going to take a huge haircut no matter what you invest in when trying to hedge against the dollar.  This is in line with my thinking as well.  No one will win in the end.  NO ONE! 

Kyle Bass said just recently, as he did, "Where is the money going to come from"?

Freaking crooks!

Roy Bush's picture

It's amazing how easy a concept this is.  Even a mush-mouth like this guy can grasp it.  

The real problem however, isn't the printing of money (although truly a crime as well) is the nature of fractional reserve banking. The Fed, short of handing out tens of thousands to every man, woman and child couldn't print enough to account for the contraction of banking structure that has been happening for the last couple of years.  So what is left is debt without any money to roll over the debt once again.  The can sooner or later can't be kicked further down the road.