Understatement of the day…… “Looking at the big picture, when it’s clear that your government is broke, your deposit insurance fund is undercapitalized, and your bank is hazardously illiquid, it seems obvious that you shouldn’t hold 100% of your savings in that banking system.” Simon Black, Soverign Man Think Cyprus. Yeah I know, but […]
Surviving Currency Collapse and Devaluation
Currency values are collapsing in first world countries worldwide. The collapse of the value of the US dollar is well underway and past the point of recovery. Devaluation is inevitable and the ravages of hyper-inflation are underway. The Euro-based nations are headed for a similar devastating collapse.