Dear Mr. Shedlock, greetings from Rome, Italy. I have been following your work for a long time, I…

Dear Mr. Shedlock, greetings from Rome, Italy. I have been following your work for a long time, I have been watching you when you are on the Keiser Report and I particularly appreciate everything you write about the socialist shithole called EU, especially about the very fragile Target2 balances. Given that I am 39 and that Italy (my native country) has a record amount of Target2 liabilities as of 30 September 2017, I obviously believe that I must quickly prepare to survive the coming tsunami. I am doing so but my questions are: is a global reset against gold inevitable? Aggregate debt or even just public debt will never be paid off, especially in Italy (2,26 trillion euros of public debt, at least, plus (at last check) at least 211 billion euros of losses on derivatives (as of the end of 2014 I believe) plus corporate and private debt plus trillions of unfunded liabilities (starting with the public pension system). Also, I do believe a default in Italy sooner or later whether "masked" like in Greece or official is just a matter of time. Sadly, the Constitution must be changed here before a referendum can be called to get Italy out of the biggest WMD ever, the euro currency. What are your thoughts about this awfully screwed-up country with farcically weak banks that take normal elderly people all the way to suicide (Banca Etruria) or kill their own executives just to hide their crimes (Monte dei Paschi di Siena)? Best regards. Marco

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