We Are Here
If we use the statistical parameters of the 1980's, our inflation rate, today, is 10.7% (Not zero as the Obama government reports).
Real unemployment is around 18% and rising. (Not 9%) As government workers get fired, as is now starting as the age of stupidity comes to an end, and people fall off unemployment, the rate will push quickly into the 20 - 25 percent area.
If all the banks crashed two years ago and the FDIC had to pay all the persons insured, it would have paid less that 50% of what the the banks got as transfers from you, sorry the government.
Three of my favorite sources say that if there is no new "easing" of the debt by June (i.e. remove the debt limit so we can give away more trillions) the dollar collapses. Look at gold from $6,000 to $25,000 an ounce. Of course, this is not an investment - it is staying even with inflation. Get this straight. If you are in dollar investments, not engaged in foreign investments, your investment will crash. Understand, what is good for Wall Street is good for Wall Street, as it is a transfer of your money to them (once it is printed up.)
Mr. Forbes predicts a gold standard soon. It would take five years to implement. Thereafter, there is no need for the FED.
Oil will skyrocket, along with food, coffee, etc. Any item that depends on foreign nations being paid with dollars is on the launching pad. This is already happening, but is a well hidden item, unless you are looking clearly. Smart money is preparing. Key in the word "smart."
PIMCO, the worlds largest bond house, an American company, does not buy US Treasuries. Understand what this means. China has stopped buying, in any size, for four months. We have been living off the greatness of previous generations and, now, the profligate children find themselves crushed. Once the dollar is detached from being the exchange medium for oil, Obama has succeeded in turning us into a has been in need of Marxism.
If silver, now just under $40 per ounces (I told you to buy at 11) were valued according to 1980s parameters, when Hunt brothers were at work, it would be $850. Understand where we are and do not use old ideas of "money." What did you think when I said buy at $11, 12, 14? Investment houses, your experts, DO NOT WANT YOU TO BUY METALS. They want you to buy paper. Why would you think they are in your corner?
These are the times I warned against. It is almost too late to prepare. Just get our of the dollar or US based investments. Now.
On the other hand, get any fixed mortgage you can find. Own things. Don't count on your retirement, pension, or even social security. Seriously.
And, to repeat myself, stock up on coffee and peanut butter. New item: the government in all its guises is after you. You will see the animal's fangs each day. It is feeling hunger pangs. The local school district spends $19,000 per student while the catholic school in Saratoga spends $8,500 and has a 99% entry into college. Gluttons die first, but they have fangs. Don't speed, for one thing.
Look around.
Perhaps, I am not crazy.
Real unemployment is around 18% and rising. (Not 9%) As government workers get fired, as is now starting as the age of stupidity comes to an end, and people fall off unemployment, the rate will push quickly into the 20 - 25 percent area.
If all the banks crashed two years ago and the FDIC had to pay all the persons insured, it would have paid less that 50% of what the the banks got as transfers from you, sorry the government.
Three of my favorite sources say that if there is no new "easing" of the debt by June (i.e. remove the debt limit so we can give away more trillions) the dollar collapses. Look at gold from $6,000 to $25,000 an ounce. Of course, this is not an investment - it is staying even with inflation. Get this straight. If you are in dollar investments, not engaged in foreign investments, your investment will crash. Understand, what is good for Wall Street is good for Wall Street, as it is a transfer of your money to them (once it is printed up.)
Mr. Forbes predicts a gold standard soon. It would take five years to implement. Thereafter, there is no need for the FED.
Oil will skyrocket, along with food, coffee, etc. Any item that depends on foreign nations being paid with dollars is on the launching pad. This is already happening, but is a well hidden item, unless you are looking clearly. Smart money is preparing. Key in the word "smart."
PIMCO, the worlds largest bond house, an American company, does not buy US Treasuries. Understand what this means. China has stopped buying, in any size, for four months. We have been living off the greatness of previous generations and, now, the profligate children find themselves crushed. Once the dollar is detached from being the exchange medium for oil, Obama has succeeded in turning us into a has been in need of Marxism.
If silver, now just under $40 per ounces (I told you to buy at 11) were valued according to 1980s parameters, when Hunt brothers were at work, it would be $850. Understand where we are and do not use old ideas of "money." What did you think when I said buy at $11, 12, 14? Investment houses, your experts, DO NOT WANT YOU TO BUY METALS. They want you to buy paper. Why would you think they are in your corner?
These are the times I warned against. It is almost too late to prepare. Just get our of the dollar or US based investments. Now.
On the other hand, get any fixed mortgage you can find. Own things. Don't count on your retirement, pension, or even social security. Seriously.
And, to repeat myself, stock up on coffee and peanut butter. New item: the government in all its guises is after you. You will see the animal's fangs each day. It is feeling hunger pangs. The local school district spends $19,000 per student while the catholic school in Saratoga spends $8,500 and has a 99% entry into college. Gluttons die first, but they have fangs. Don't speed, for one thing.
Look around.
Perhaps, I am not crazy.
Labels: devalue dollar, hyper-inflation, metals, PIMCO
posted by Gene | 11:17 AM
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