What is coming is worse than the great depressionInvestors in...

What is coming is worse than the great depression

Investors in gold stocks are not gold investors they are gambling within the fiat system they are NOT believers in gold. Pieces of paper that say you may or may not have something in the ground are just paper, fiat paper, printed the same as fiat currency

Gold stock investors underestimate the implications of a collapse in the fiat system, they are drunk with optimism, they imagine riches ,early retirement, fiat wealth.....the focus should be on survival not riches...

Investors in gold stocks will likely lose everything, they should expect 70-100% losses

expect the AUD to crash

expect +15% unemployment

expect +50-70% drop in home prices

expect +50-70% drops in banking and resource stocks

it expect riots across Europe and Asia the America's

Expect China to collapse

The next 3 years will be some of the roughest in history

http://www.arpllp.com/core_files/The_Absolute_Return_Letter_0711.pdf

people sit here and predict the collapse of the US, some expect the collapse of Europe, a few expect the collapse of Asia, few still expect the collapse of Canada and Australia

Many are focused on the value of a particular currency collapsing. Its as if thats how they imagine a collapse to happen, the USD collapses , gold goes to 5000 and all the gold miners get a 2-5 multiple of that rise...

Those who expect this are wildly optimistic, as the saying goes "they are dreaming"

That is not how it happens, the whole world is over leveraged, when the economic system collapses , the structure of our economy collapses, the currency collapse is not the core of the problem its the insolvency of the system thats is at the core, (nearly)everything becomes bankrupt at once .

Households, corporations, banks and governments , at first the debt overwhelms the borrowers, then as they mount it overwhelms the lenders

All will collapse, our banks are over leverage, our currency over printed and valued.

?If I mistake not, the distress of the year 1857 was produced by an enemy more formidable than hostile armies; by a pestilence more deadly than fever or plague; by a visitation more destructive
than the frosts of spring or the blights of summer.

I believe that it was caused by a mountain load of DEBT.? Edward Everett Mount Vernon Papers, cited in T.E. Burton's Crises and Depressions of 1917