So, here we are. 2009 has arrived and we are beginning to see the dreadful economic statistics of 2008 roll in. Anyone who hasn't read Rawles' "Patriots," please go and buy it! His scenario is beginning to look more and more prophetic...
A few tidbits of interest about the "global economy meltdown" or whatever you prefer to call the descent into financial hell...
From Bob Chapman's The International Forecaster:
"Now we have interest rates at zero as the Fed pushes on a string, and they are blindly followed by every major nation, all of which are waiting to get buried. Wait until you see the dislocation when the Fed attempts to borrow $2 trillion in 2009. In 2008, in real estate, stocks and commodities worldwide, $70 trillion has been lost."
"How can any sane investor accept a negative return or even 0.25% on Treasury bills when inflation is 11%? Stop and think for a second, interest rates cannot go any lower. They can only go higher. Even though this situation exists foreigners lend 60% of their savings to US entities. Needless to say, this cannot continue and as a result foreigners are in the process of pulling funds out of dollar denominated assets. We do not have fourth quarter figures as yet, but for the nine months in 2008 foreigners withdrew $324 billion."
And the statement that I sort of agree with: "There is simply no way out. This is why during this inflationary and hyperinflationary period you have to be almost totally in gold and silver related assets and eventually only in gold bullion coins."
I tend to think that in place of the 'gold and silver related assets' that copper and brass assets, along with edible assets, and intangible assets such as mindset, training, friends, and family should be gathered. You can clock someone with a gold brick, but they have to be very close... Much better to drop 150 grains of love in on them from 500 meters....
By far the worst part of this entire mess is the Belief of the US Government the bailouts, stimuli and stagflation are the answers to the problem that they created. The President Elect has over and over stated that by waving his magic job wand and creating from thin air (or thin dollars) 4 million jobs, the US economy can be saved. Or maybe it might take the aforementioned magic trick and a few more hundreds of billions of dollars... Or maybe more "money" than that even.
Although my post high school formal education lasted around 3 weeks, I will leave you with My words of wisdom: "I told you to buy it cheap and stack it deep. That option is no longer available, so buy it anyway, and thank yourself later."
A few tidbits of interest about the "global economy meltdown" or whatever you prefer to call the descent into financial hell...
From Bob Chapman's The International Forecaster:
"Now we have interest rates at zero as the Fed pushes on a string, and they are blindly followed by every major nation, all of which are waiting to get buried. Wait until you see the dislocation when the Fed attempts to borrow $2 trillion in 2009. In 2008, in real estate, stocks and commodities worldwide, $70 trillion has been lost."
"How can any sane investor accept a negative return or even 0.25% on Treasury bills when inflation is 11%? Stop and think for a second, interest rates cannot go any lower. They can only go higher. Even though this situation exists foreigners lend 60% of their savings to US entities. Needless to say, this cannot continue and as a result foreigners are in the process of pulling funds out of dollar denominated assets. We do not have fourth quarter figures as yet, but for the nine months in 2008 foreigners withdrew $324 billion."
And the statement that I sort of agree with: "There is simply no way out. This is why during this inflationary and hyperinflationary period you have to be almost totally in gold and silver related assets and eventually only in gold bullion coins."
I tend to think that in place of the 'gold and silver related assets' that copper and brass assets, along with edible assets, and intangible assets such as mindset, training, friends, and family should be gathered. You can clock someone with a gold brick, but they have to be very close... Much better to drop 150 grains of love in on them from 500 meters....
By far the worst part of this entire mess is the Belief of the US Government the bailouts, stimuli and stagflation are the answers to the problem that they created. The President Elect has over and over stated that by waving his magic job wand and creating from thin air (or thin dollars) 4 million jobs, the US economy can be saved. Or maybe it might take the aforementioned magic trick and a few more hundreds of billions of dollars... Or maybe more "money" than that even.
Although my post high school formal education lasted around 3 weeks, I will leave you with My words of wisdom: "I told you to buy it cheap and stack it deep. That option is no longer available, so buy it anyway, and thank yourself later."
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