The magnitude of current private and government debt, coupled with massive unfunded contingent liabilities for promises of future services to their citizens, will prove to be impossible for many nations to fund. Massive inflation in the money supply will become the preferred vehicle to deflect the default monster and will result in vastly devalued currencies and price inflation as a prelude to default. Such action will be a desperate attempt to buy time to stave off the inevitable and will result in social unrest caused by persons whose comfortable lifestyle and elevated standard of living is about to disintegrate before their very eyes. Words: 1525
Read More »Search Results for: interest rates
The Dollar is Doomed!
I would prefer a scenario in which rates rise slowly, and the dollar -- as well as the economy -- stabilize gently; while the alternative makes me wealthy, unfortunately, its actualization necessarily means I will be forced to watch everyone around me suffer - and that’s a troubling thought. Words: 1480
Read More »News Flash! The Fed Has Declared That It MUST Create Inflation! Got Gold?
In... September's Federal Open Market Committee minutes, the Fed officially announced that ... "Unless ... underlying inflation moved back toward a level consistent with the Committee's mandate, they would consider it appropriate to take action soon" and take "... possible steps to affect inflation expectations." That's Fed-speak for a MANDATE TO CREATE INFLATION! Words: 694
Read More »Gold & Silver: Core Investments for Every Portfolio (+2K Views)
[Are you one of the] millions of people who lost money over the past decade in stocks and housing [who] are now buying bonds, annuities, and other fixed deposit credit based investments? [If so you are probably doing so because you] think it is the conservative [thing to do but, in fact, you] are really a [being a] speculator buying an asset far above its intrinsic value with the idea that someone else will pay even more [and such action] is guaranteed to disappoint. [Instead, you should make] alternative investments the core of your portfolio. Words: 834
Read More »Housing Crash Continues: Why Now Is NOT The Time To Buy! (+2K Views)
The housing crash is still in process and here are 10 reasons why it is still a terrible time to buy. Words: 1670
Read More »10 Reasons Gold Could Go to $10,000 In the Next 12 Months!
We may reach levels for gold previously thought of as crazy - $5,000 an ounce or even $10,000 - with plenty of volatility and pullbacks along the way... and in my opinion there are 10 reasons it could happen within the next 12 months and, if not by then, then soon after. Why? Because, in short, there is way too much fiat currency chasing way too little gold. Words: 951
Read More »U.S. Economy Faces 5 Plausable Doomsday Scenarios
Most signs point to a slow and steady recovery, but what if the pessimists are right, again? What if the United States isn't in the slow-lane to recovery, but rather on the precipice of another decline -- a double dip? [If so,] where might this re-recession begin? Words: 988
Read More »The World is Heading Rapidly Towards Calamity! Got Gold?
2010 will be remembered for the rest of our lives as Armageddon 2010. Things are getting out of control. We are all about to take a cliff dive together into who knows what?! We Are Doomed! The world is now on its road to ruin and there is no action, no leader and no new amount of printed money that can save the world or prevent a hyperinflationary depression. Words: 1716
Read More »$6,000 – $10,000 Seen As Realistic Parabolic Top for Gold
Wealth protection is now more important than probably at any other time in history. Physical gold and possibly other precious metals directly controlled by the investor will be a vital part of a wealth preservation portfolio. Words: 1614
Read More »U.S. Between a Rock and a Hard Place and Its Options Are – At Best – Dire! (+3K Views)
It would appear that the U.S. is in an untenable position - between a rock and a hard place - in an inescapable debt trap - where the options are, at best, dire - hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283
Read More »