from Dollar Collapse
Excerpt from Lawrence Lepard’s Equity Management Associates Q1 Report:
We believe we are in the early to middle stages of a worldwide sovereign debt bubble collapse. The “bubble” which exists today is in debt and the currencies which are backed and supported by this debt.
This is a very big deal and does not happen very often. In fact, no one alive today has ever seen a sovereign debt collapse of a large country.
You need to consult the history books to find one, with the last ones occurring in the 1900’s to 1930’s. Because of this, the average investor today is not prepared for what is coming. We believe that our Fund offers a realistic and well-priced form of protection against this type of crisis. We offer “monetary debasement” insurance.