Embry - The Powers That Be Would Love to See Gold Collapse

"In most instances, the quality shares represent real assets. But having said that, I think a lot of stock markets are severely overbought. This is happening because of the misplaced optimism regarding a sustainable economic recovery. When that false hope is punctured, there will be a violent correction. After a big leg down, stocks would probably be a good buy at that point

In reality, I think we are continuing to slowly unravel here. Egon von Greyerz summed it up beautifully in a KWN interview last week. The problem is infinitely too much debt. When you talk about debt ratios of 350% of private and public debt versus GDP, that is totally unsustainable.

Basically, the economy cannot grow anymore because it needs debt creation to grow, and we can’t even come close to supporting the existing debt. This is like watching a train wreck, in slow motion.

The reality is the powers that be would love to see gold collapse here...."

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