the usa's debt dwarfs china's debt ..., page-66

What a lot of folks have done is buy into scenario that they dont fully understand with respect to the outcomes, a lot of this is how we psychologically respond to things, we see the gold price at say 1100 and folks talk about 5000 and so we relate to directly investment and wealth terms, not fully realizing what the hyper inflationary scenario might look like in reality. Most of us just think OMG thats x 5 times the current price and with a multiplier of say x2-3 for equities , this could translate into say a x15 return.

The media and our culture hyper focuses us on all things American, many of us only read gold commentary form the US, this steers us toward USD outcomes for gold, the money printing seems such a easy concept to embrace, the central banks print money and depending how on how much they print we get different degrees of inflation. China is booming and that serves our interests and because the commentators steer us toward the excesses of the US system our awareness doesnt acknowledge whats happening in other countries.

The problem is of course, what seems to be a simple scenario where the US collapses and we all wander along on our merry way becomes such a simplification that it will it becomes meaningless in the context of what is likely to unfold.

Folks dont fully get the seriousness of the situation, the global economic ship is sinking and folks are hoping for inflation because they perceive they will make more money in fiat terms. When instead they should be looking at gold as a lifeboat they are thinking of the great water skiing opportunity after the sinking.

Folks just dont get it? Its a 100 times more serious than 90% of the folks on HC perceive it to be, the global imbalances are gargantuan