[While] I am not a prepper in the traditional sense of stockpiling food, guns and the like, I have always considered myself a financial prepper...For anyone not familiar with how dicey matters are becoming, [however,] I suggest they read the 50 questions below. Words: 1323
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A Practical Assessment of the U.S. Debt Problem Shows It to Be Absolutely Absurd (+3K Views)
The U.S. debt situation when broken down to one of family statistics really seems absurd. Yet it's true. It's a slow motion train wreck that can be seen coming miles away but which, like deer paralyzed in the headlights, everyone is unwilling to face up to and to take any meaningful corrective action - and it will be the downfall of them all. Words: 550
Read More »Egon von Greyerz: The Real Move in Gold Hasn’t Started Yet, It Is Still to Come – Here’s Why
After having compounded at over 19% p.a. over 11 years, gold certainly should be allowed to just gain 7% in 2012 without some people calling an end to the bull market. Those who believe the bull market is over are mainly the investors who have missed gold going up almost 7 times in since 1999. Let me be very clear, the real move in gold hasn’t started yet, it is still to come. Here are my reasons why. Words: 1000
Read More »Monty Pelerin: Economic Collapse Coming to U.S. & Other Industrialized Nations of the World! Here’s Why (+3K Views)
Those dependent on the welfare state are unaware that their benefits are not sustainable. Most believe tomorrow will be like today and the checks will keep coming from Mother Government. Political power was gained based on promising these benefits. No politician will risk his position by trying to reduce them. No democratic society has ever rolled them back via peaceful political means. [At worst,] the economy and society could end up in ashes [and, at best,] the world is in for a long period of stagnation, retrogression and conflict. [Let me explain more fully.] Words: 1115
Read More »What’s Presently Occurring Is Unsustainable & It’s Inevitable It Will End – Badly! Here’s Why
To any sane person who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the monetary captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "extend and pretend", "kick the can down the road" or "fake it until you make it" continue? The answer is unknowable but...when something is UNSUSTAINABLE it is INEVITABLE that it will END. TIME is the only unknown. The certainty of it ending BADLY is not. Words: 1265; Charts: 6
Read More »Will the U.S. Follow in the Footsteps of the Once Great – and Now Financially Desperate – Argentina? I Wonder
Like health, freedom erodes gradually over time... then all at once. We lose a freedom here, there, through a slow, measured deterioration of civil and economic liberty: body scanners at the airport; declarations of foreign accounts; mandatory health insurance and then, suddenly, there's a bifurcation point when the deterioration goes nonlinear. It's like the old saying about going broke-- it happens gradually, then all at once. We lose our freedoms in the same way. [That is already happening in Argentina where the government is] screwing everyone, big time: banks, businesses, workers, retirees, professionals, entrepreneurs, even government employees and the U.S. is starting to go down this road as well. [Let me explain.] Words: 625
Read More »Say “I WILL NOT PAY!”: An Open Letter to Those Under 18 (+2K Views)
I implore you to pass around this letter to your friends. Talk about it among you. Post it up on Facebook, Twitter and elsewhere. Discuss the fact that our government and your parents think you are going to pay over $180,000, and rising rapidly, so that us older folks can have our cake and eat it too...and then force you, the children of this nation, to cover our selfishness and outrageous conduct. I say to you in this open letter that it is your right to stand as American citizens, irrespective of your age who have not yet consented, and say in a loud, clear, singular voice: "I WILL NOT PAY!" Words: 2112
Read More »4 Graphics That Put Important Economic & Investing News Into Perspective
Say "goodbye" to long-winded commentary. Instead, say "hello" to easy-to-understand graphics to put important economic and investing news into perspective for you and some quick-hit observations on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis. Words: 340; Charts: 4
Read More »Availability Of, and Demand For, Silver vs. Gold Suggests MUCH Higher Future Prices for Silver (+3K Views)
The current availability ratio of physical silver to gold for investment purposes is approximately 3:1. So, why is it that investors are allocating their dollars to silver at a much higher ratio? What is it that these “smart” investors understand? Let’s have a look at the numbers and see if it’s time for investors to do as a wise man once said and “follow the money.” Words: 1052; Tables: 1
Read More »Today's Investment Approach Must Change to Survive Tomorrow's Major Economic Changes – Here's How
The world is hurdling toward what seems to be certain economic collapse so, if your expectations are similar to mine, then you should be exploring ways to prepare for something that eventually will become an economic dark age. Investment performance is always relevant and it has never been more important than in these difficult economic times - nor has it ever been more difficult. Markets have already changed and are getting worse...As the economy worsens, market movements [like the two 50% declines we have seen since 2000] are likely to become more pronounced [and, as such,] it behooves anyone with exposure to the stock market to understand what is happening and [take action to] protect themselves against further 50%, and possibly larger, downsides. [This article outlines how best to do just that.] Words: 1491; Charts: 2; Tables: 1
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