DEBTS THAT WILL NEVER BE REPAID• Government, state, city, municipality debts• Central bank debts• Housing loans, personal loans, car loans• Credit cards, student loans• Commercial mortgages• Toxic bank debt• Derivatives
LOSE - LOSE• Deflation or Inflation – Austerity or QE• Deflation – collapse of the financial system• No bank will survive with deflation• Money printing – QE• Currency weakens• Creates hyperinflation
CONSEQUENCES• Government deficits explode• All currencies fall• Interest rates surge• Unemployment surges• Assets financed by credit bubble fall• Exchange controls• Financial system will fail• Social structures break down• Wars
Matterhorn Asset Management• Wealth preservation experts, Zurich• GoldSwitzerland – Specialises in physical Gold and Silver bullion – Stored outside the banking system – Gold/Silver bars owned directly by investor – Personal access to metals – Ultimate form of wealth preservation
THIS IS NOT WEALTH PROTECTION• Gold / Silver ETFs in banking system• Unallocated or allocated Gold/Silver in bank• COMEX Gold• Futures Gold• Bank safe deposit box• Storing gold at home
THE FINAL COLLAPSE “THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THEALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS A RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION, OR LATER AS A FINALOR TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED” Ludwig von Mises
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