Thursday , 28 March 2024

James Dines: America is Racing Towards a Coming Great Depression (+2K Views)

America is racing toward a brick wall, while its credit card is maxed out. America’s so-called recovery, from the 2008 crash, has been called ‘The Great Recession’ by apologists [but] we have continued to predict that it’s the ‘Coming Great Depression.’

So says James Dines in edited excerpts from an interview with King World News as provided by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.

Dines concludes the interview (you can read the full interview here and listen to it by CLICKING HERE) by saying:

Meanwhile, gold and silver are in long-term ‘Super Major Uptrends.’ That’s one way to protect yourself, and that’s for survival purposes, not for capital gains. Whatever happens next, sooner or later the world must return to wealth in the ground. So, I think that mining stocks deserve a place in all farsighted portfolios.

Related Articles:

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We suspect that many precious metals investors are saying, “We don’t want to play anymore!” and our reply is, “You mean you want to quit right now? Right at the bottom of this cycle? You must be crazy – and that is crazy with a capital C!” True, this is a very challenging market environment for resource shares, but we know what the ultimate outcome will be: higher share prices. The only question is “when” and our opinion is that we are very close in time (within days or a week or two at most) of being able to say that the lows are behind us. Let me explain. Words: 785

2. Gold is Not in a Bubble – Here’s Why

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3. Governments Are To “Blame” for Gold’s Present High – and Future Much Higher – Price

Is gold still cheap? No, gold left bargain territory long ago [but] we remain bullish on gold, not because we think gold is still cheap, but because we expect it to get a lot more expensive. [Why?] Because the world’s most important central banks and governments remain committed to a course that ends in catastrophe for their economies and currencies. [Let me explain further.] Words: 565

4. Gold’s Current Bull Market Will Be Even Bigger Than The One In The 1970s – Here’s Why

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5. Any Way You Look At It Very High Inflation Is Inevitable – Here’s Why

How this economic disaster ends is something about which many of us speculate. Two extreme endings are likely — a sudden deflationary collapse or a period of very high inflation/hyperinflation which ultimately cripples commerce and resolves itself in a deflationary collapse. In either case, the deflationary collapse is another Great Depression. It is important to know which route will occur because of what will happen to asset values along the way. Words: 1057

6. I Am Not Alone! Here are Quotes From 17 Others on Coming Global Financial Collapse

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7. U.S Likely to Hit the Financial Wall by 2017! Here’s Why

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8. Major Inflation is Inescapable and the Forerunner of an Unavoidable Depression – Here’s Why

 

Whether our current economic crisis will end with massive inflation or in a deflationary spiral (ultimately, either one results in a Depression) is more than an academic one. It is the single most important variable for near and intermediate term investing success. It is also important in regard to taking actions which can prepare and protect you and your family. [Here is my assessment of what the future outcome will likely be and why.] Words: 1441

9. An Inflation Inferno is Expected – but When?

 

Daniel Thorn­ton, an econ­o­mist at the Federal Reserve Bank of St. Louis, argues that the Fed’s pol­icy of pro­vid­ing liq­uid­ity has “enor­mous poten­tial to increase the money sup­ply,” result­ing in what The Wall Street Journal’s Real Time Eco­nom­ics blog calls “an infla­tion inferno.” [Personally,] I think it’s too soon to make sig­nif­i­cant changes to a port­fo­lio based on infla­tion fears. Here’s why. Words: 550

10. Major Price Inflation Is Coming – It’s Just a Matter of Time! Here’s Why

 

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