I realise that this forecast sounds very alarmist and like an impossible doomsday scenario. I sincerely hope I will be totally wrong. But sadly the risk that I will be right or at least partly right is major after 100 years of excesses in the world built on no solid foundation but an ocean of debt and printed money.
Since this is on a gold website, you have to take some of it with a grain of salt. However, the potential for a very sharp correction is, I think, out there, and it could get ugly.
Well, of COURSE. Always consider the source. :)
No need to even go to the gold site. ANY half-way intelligent person can look at the debt fundamentals and realize we are in for a SERIOUS problem globally. We cannot continue on the way we have. Eventually we have to fall off the debt cliff we keep climbing up... it’s inevitable and it doesn’t take a chicken little to see it.
I personally do not buy into the precious metals “buy-my-stuff-and-live-thru-SHTF-I-guariontee” scams.
The ONLY three things that will see you through what’s coming is:
* arable land for your own food;
* the means to defend it from the Gibsmedats;
* a more solid faith.