Excellent report from Jim Sinclair aka "Santa"
I agree 100 percent with what he says and that why I hold Gold
I believe currency collapses/hyperinflation in the current system can happen when there is a total loss of confidence in the system and that is what is happening and regardless of QE I believe that holding equities is dangerous at this time. What we have is basically a sovereign debt bubble which was transferred from private debts in 2008. When it bursts the entire system goes with it and that will take down currencies and equities.
The only thing left standing will be phyical assets such as gold, debt free property and debt free land