Once again another excellent post on ZeroHedge.
I know it's abit too much doom and gloom, but who's to say it's not going to unfold as badly or maybe even worse?
Raoul Pal of GLG Partners has always been a bear. But this one looks very real, albeit damning.
If you're too lazy to read the slides (it's not alot), here are some key takeaways:
- there is way too much debt in this world
- the developed world will default
- the current banking system will fail
- all that is left is the Dollar and Gold
Be safe.
These are scary times indeed... Gold to hit 2k?
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