The New Monetary System Will Fail Too

Egon von Greyerz
August 17, 2021

As most of the western world doubles down on easy money policies, one nation stands out and moves ahead with raising rates: Russia. This follows a pattern of a massive shift in power and dichotomization from west to east that can be seen both in finance and geopolitics. Even as the IMF calls for “a new Bretton Woods,” any new monetary system will likely exclude Russia and China, thus dooming that system to failure. Regardless of whether the new monetary system is tied to digital currencies or not, there is no escaping the spiral of money printing and deficits that has gripped most of the world, and so a disorderly collapse is likely. These topics and more are discussed in this episode of The Keiser Report.

Time Stamps

00:00 Why is the Bank of Russia raising rates?

05:07 A new Bretton Woods and a new monetary system Coming

08:36 Is China becoming the new world power?

11:39 Is Switzerland experimenting with a digital currency?



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Egon von Greyerz – Founder and Managing Partner of Matterhorn Asset Management (MAM) and GoldSwitzerland based in Zurich. Egon forecasted the present problems in the world economy already in 2002 when he recommended to investors to allocate 50% of assets into physical gold (at $300) stored outside the banking system. Egon began as a banker in Geneva and was thereafter Finance Director and Vice-Chairman of a FTSE 100 company in the UK.  He makes regular media appearances  on CNBC, BBC and King World News and speaks at investment conferences around the world. MAM (founded in 1999), specialises in wealth preservation. GoldSwitzerland buys, sells, transfers and stores physical precious metals for private investors and institutions outside the banking system. His website is www.goldswitzerland.com. 

During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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