We’ve been quite clear about what we think is going to happen in the coming months and years. We expect either a US Government and Eurozone default, leading to serious repercussions in the western world as entitlements, pensions and banks all collapse leaving tens of millions destitute. Or, the US dollar to be hyperinflated to worthlessness, bringing down every other fiat currency in the world and causing massive problems such as starvation as modern systems of trade and transport break down.
In either case there will also be a deep, serious depression of a magnitude much worse than in the 1930s.
Symptoms of this eventuality are already being seen around the world. Food and commodity prices are skyrocketing led by fiat currency inflation around the globe leading to food riots and shortages. In the US there are daily reports of thieves stealing copper wire from power substations, power poles and church air conditioners as the price of copper and all commodities soar due to the monetary inflation caused by the likes of Ben Bernanke.