[youtube]http://www.youtube.com/watch?v=Bdw5ill9_oA[/youtube] A bit B grade and sensationalist, but a discussion of how the collapse will happen is important. Personally I think the collapse will be Japan > US with the EU and china being left standing... just
Totally agree how the collapse will happen. Kyle Bass had a big influence on me a while back... Edit: And relating to the vid - IMO gold $17,000 and Dow 3000 is highly unlikely.
^^^ Do a search on Tom Wood's seminars and speeches... quite witty and entertaining as well as thought provoking.
Thanks Clawhammer. I watched the one that has been posted on here a few times (talking about the early 1900's), it was good. Edit: Incidentally, the reason I think Dow 3000 is unlikely is simply due to money printing. It has to go somewhere. It doesn't mean the Dow would be worth more than 3000 in todays dollars, but rather in future dollars When we start to use 'dollars' as some kind of measuring stick it becomes very problematic. Eg, gold $17,000oz - well, that could be the exact same amount it costs to buy loaf of bread. It could be the cost of a house. It's variable. All I can say with any conviction is that PMs = up in value, fiat currency = down in value.
Interesting but some of the targets are off I think. Silver at $500+ while Gold is at $17,000? Thats a 30 to 1 ratio? Nah.
