hyperinflationA hyperinflation scenario akin to what we are witnessing in Venezuela is a distinct possibility in the US.
Most people won’t figure out what has happened until it’s already too late…

big reset“There is a likelihood that gold will play a role in the next monetary system. I look at this as insurance—a way to preserve a slice of your portfolio should the bad guys ever hit that reset button.”

goldThe only assets relatively assured to survive this are gold and silver, the best redoubt for currency, bond and other debt destruction. That and our critical thinking minds.
The best way to front run the completely assured evolution of some hyper inflationary cycle, credit supply chain collapses, consumer goods shortages and martial law is to hold precious metals in your hands, grasped in the Vulcan Death Grip…

The full-blown economic collapse that is happening in Venezuela right now is a preview of what Americans will be experiencing in the not too distant future…  

If ATMs, banks and markets close, or if hyperinflation makes the fiat, Federal Reserve note completely worthless overnight, none of these goods will be exchangeable for the money you have sitting in the bank, or on a credit card.

CorzineThere are a heck of a lot a bubbles in the global financial system (…and many areas in the private sector, sovereign, etc.).  Add to the potential mix what I call “hyper-hypothecation” and derivatives overhang and we’ve reached a level where systemic risk has never been higher.