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<blockquote data-quote="Suigin Trismegistus" data-source="post: 63032" data-attributes="member: 487">I have plenty of respect for Europeans, despite the fact that I believe the EU will collapse as a failed experiment doesn&#039;t mean individual European countries won&#039;t continue to persist and perhaps even flourish. But hard times are coming first.My prediction is based on following the capital markets, and the shit happening in gold and silver right now is indicative of that. The fact that most people are completely oblivious to the consequences of the price changes in precious metals proves the point that much of the world is sleepwalking into disaster. The Euro has lost 200% of its purchasing power against gold in the past year and 300% against silver in the past 6 months. So has the US dollar. The world is playing musical chairs and there aren&#039;t a lot of chairs left. We&#039;ll know maybe in a few months. UBS and/or Deutsche Bank with their silver short positions may not survive and the contagion will spread.</blockquote>

[QUOTE="Suigin Trismegistus, post: 63032, member: 487"] I have plenty of respect for Europeans, despite the fact that I believe the EU will collapse as a failed experiment doesn't mean individual European countries won't continue to persist and perhaps even flourish. But hard times are coming first. My prediction is based on following the capital markets, and the shit happening in gold and silver right now is indicative of that. The fact that most people are completely oblivious to the consequences of the price changes in precious metals proves the point that much of the world is sleepwalking into disaster. The Euro has lost 200% of its purchasing power against gold in the past year and 300% against silver in the past 6 months. So has the US dollar. The world is playing musical chairs and there aren't a lot of chairs left. We'll know maybe in a few months. UBS and/or Deutsche Bank with their silver short positions may not survive and the contagion will spread. [/QUOTE]

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