by silvertomar
Europe and the UK announces accelerated money printing to soften the blow from high energy prices… not only will this increase money in circulation… it will lead to more paper currency chasing commodities, speeding up price increases…We are witnessing the destruction of fiat currency in real time…
We must be prepared for the most massive #MoneyPrinting bonanza in history in a final attempt to save the world. All sectors of the economy, individuals, companies, banks, local governments, etc will be in need of financial support of a magnitude never before seen in history.
— Egon von Greyerz (@GoldSwitzerland) September 6, 2022
The $GLD ETF is now experiencing one of its lowest volumes in almost 7 years.
Note that prior lows also marked key turning points for gold prices to rise.
We are probably approaching another one of these pivotal moments. pic.twitter.com/FnBkzeVtyz
— Otavio (Tavi) Costa (@TaviCosta) September 6, 2022
Europe is facing a liquidity crunch with huge multi-billion margin calls in the energy industry… European governments are rushing to rescue them to avoid a Lehman style crash… everything is fine
European governments are patching together emergency measures to support utilities amid fears that companies will buckle under the weight of growing margin calls, worsening an energy crisis that’s sent prices soaring and left the continent short of gas.
Recent days have seen a flurry of news — from Sweden to Switzerland to the UK — as companies and governments try to get to grips with the situation. Norway’s Equinor ASA has said that European energy trading risks collapsing under the weight of margin calls amounting to at least $1.5 trillion.