It's Over. Men lose their senses in heards, but regain them one by one. 40 years of deflation. Done.
In my last quarterly letter I suggested a crack up boom was underway, and it is/was. But a new wrinkle has occurred. The high flying speculative stocks are showing

topping patterns. The Chart of ARKK is Exhibit A. Dogge coin is the last remaining bubble fantasy and I expect that to top soon, if it has not already. I was a venture capitalist in 2000 and managed a large portfolio of Dotcom stocks. Today reminds me of March 2000.

But magnified by 10. No prices make sense in this environment. The reason for this is that the money is corrupted. People are running around chasing their tails trying to beat the debasement, but they can't. Not unless they choose a sound money alternative.

What is the Fed going to do when the bond market cracks? What is the Fed going to do when the stock market cracks? Other than printing, they got nothing. So they will print. And print. And print. Until the currency is worthless.

It will be devastating as the collective consciousness realizes they have been fooled....AGAIN. Just like 2000 and just like 2008. The loss and transfer of wealth will be staggering. Worldwide. The people who think they have wealth today, denominated in things like stocks

and bonds will be surprised to find that those assets are worthless, (or worth much less). Those who have sound money alternatives will have all the marbles. People will say, "how the hell could this have happened?" Well, you follow fools and you get a bad outcome.

Something for nothing is not an investment or economic strategy. There is no free lunch. Some adults know that, many do not. There is nothing new under the sun. This pattern has repeated itself for millenia. All of the warning signs are present. In spades.

I would humbly submit if you do not own gold, silver, mining stocks, commodities, BTC and real assets you are about to experience a world of financial pain. My letters, available on my website, http://www.ema2.com  support this thesis.

There is good news here. On the other side the world will be a much better place. But I believe we are going to experience a trial by fire to get there.