#FOA quote from 1998

"The loss of the ability for the US to sell debt in a native currency at low rates will bring a credit destruction much the same as visited upon Asia" (the 1997 Asian Financial crisis)

Exactly. That's the exact crisis that I like to use to compare.

Asia in 1997 was a 440 million person economy running as dual debtors.

Long term booms (20 years +??) always die with major loses inflicted on the most leveraged positions. Add to this a once in a century destruction in the most popular currency, and we produce an economic earthquake the likes of which no one has ever seen.

> Most investors retain their life savings in a fully invested mode and would not get off these train tracks if they saw two engines coming. They will stay there because it's impossible for them to believe they occupy the wrong position.

Like any market, the conclusion for the topping process of the dollar is anyone's guess. We'll gamble that the process is at least officially underway.

Buy physical gold to hold. In the time to come, this money in the hand will out perform any investment you have ever known. Few today accept just how high physical gold will rise.