This video deserves careful watching to the end. You will see why silver is headed from under $30 to $500. As a bonus, we can bankrupt JP Morgan and foil the banksters!
This may be your last chance to buy silver and take physical delivery. This one is baked into the cake, folks! Forget the MindControlMedia talking heads and their propaganda to keep your funds inside their casino. Cash out your chips before the casino goes bust and replace them with the only real money to survive 6,000 years of recorded history. If you're still afraid to protect yourself, now is the time to do a little hard thinking about money.
The US Dollar is a walking zombie, soon to be put into the dustbin of history like all fiat currencies. The major countries of the world are in a death-spiral of competing currency devaluations to try to gain a temporary advantage for their export markets. Meanwhile, where it took 40 ounces of gold to buy the Dow in 1999, today it takes about 8! Measured in terms of real money, the Dow has crashed 80% in a decade! Russia and China last week agreed to drop the US Dollar in ALL of the financial transactions between their countries, and both are accumulative massive reserves of gold and silver.
Linked at the right you can find several very reputable precious metals dealers with whom I have bought and sold. They have no large advertising costs to absorb in their prices like those promoted on national TV and radio. I've covered this issue numerous times before. It is still not too late to protect yourself.
For a great introduction to understand what honest money is, why it is essential for economic and political freedom, and why the dollar is doomed, check out Gary North's great free gold resource page. I highly recommend his free book downloads, "The Gold Wars" and "Honest Money." Silver, "poor man's gold," is set to appreciate more than gold because it is scarcer, has many industrial uses, and has had the price suppressed for so long. Remember: back in the 1980's it went over $50!
I know fear has many of you frozen like deer in the headlights. I've talked to many over the last few years. Gary North's famous motto: "Procrastination Kills" is appropriate here. Knowledge is the key to action, as well as the courage to act on your own thinking. The Ruling Class will NEVER tell you to protect your assets by removing them from their rigged financial casino and securing them with real money. But this is the time. NOW.
Anyone with a modicum of intelligence can understand that the ONLY way the federal governments of the Western world will be able to deal with their massive unfunded liabilities for welfare, health care, pensions and imperial wars is to inflate their currencies and default on their debts. If you're paying attention, you already know that. But still, you hesitate to leave the false security of their system.
I'm still gestating a series of articles on the recent tipping point we passed, what it means, and how the release is unfolding. Long story short: the Powers That Be are becoming the Powers that Were! Brush fires of Liberty are springing up everywhere with no apparent leader. Rather, we see "self-organizing collectives" (as www.HalfPastHuman.com predicted) springing up like exploding wild fires that will overwhelm Establishment efforts to control.
The current Wikileaks brouhahas appear to be false flag events to be used by the PTB in a vain attempt to shut down free thought on the internet in the classic Hegelian dialectic pattern of Action, Reaction, Solution. See "Is the Internet 9/11 Underway?" Use whatever good information is released, but resist the temptation to join the herd of Sheeple using patriotic slogans to censor the internet to "protect us from 'traitors' like the Wikileaks crew."
Now is the time to protect yourself, and help all your loved ones do the same. We have the ability to take actions to minimize the damage to ourselves and fight back in non-violent, effect ways striking the soft underbelly of the PTB. We shouldn't fear the collapse of the US Dollar any more than we should fear the tornado or hurricane we have been told is coming our way. We can't avoid it, so we must be prudent and take appropriate defensive actions now. We will have to deal with the currency collapse and the transition to a free society one way or another. Best those of you who want to be proactive and not helpless victims get started now with whatever level of preparations you have.
Grace and courage and peace to you!
Showing posts with label silver. Show all posts
Showing posts with label silver. Show all posts
Sunday, December 5, 2010
Tuesday, September 22, 2009
The Continuing Crisis
If you're interested in protecting the value of your savings, consider the "Happy, Short Story on Silver." This dovetails with many reports I've seen that the "poor man's gold" has more upside potential than gold. If you haven't yet bailed out of the US dollar, you might want to consider silver first. The dollar's agonizing death will become increasingly visible. Don't let your savings die with it. We're also seeing the prelude to a significant rise in silver's price with the phenomenon of Backwardization.
Announcing the agonizing death of the dollar, HSBC Bids Farewell to Dollar Supremacy.
____________________________________________
Afghanistan is the graveyard of imperialism. It will be no different for the US than it was for the USSR and England. Just as "Vietnamization" failed to build an indigenous army to secure Viet Nam for the Americans, so will it fail in Afghanistan. "Hey, hey, BHO . . ." (Viet Nam reference for you youngsters.) Apparently, Hillary disagrees.
____________________________________________
How ironic that Russia Today TV tells us more truth than the US MSM. Richard Celente tells us why revolution is coming to the US.
____________________________________________
Interested in flu prevention? Read Despite Anti-Vitamin D Bias, CDC Stumbles on Deficiency Link to H1N1 Deaths.
The French military is getting ready to enforce mandatory swine flu vaccinations on the French. What are you going to do when/if it comes here? And what's with implantable RFID chips to track the H1N1 virus on people?
Swine Flu Deaths Down, Body Bag and FEMA Coffin Orders Up. What's up with this supposed contradiction? Global Research says "The entire construct is politically motivated and corrupt . It serves the financial interests of the pharmaceutical industry. It justifies the militarization of public health and violates fundamental civil liberties." Check out this Swine Flu video collage. Just listen to Dr. Nancy Snyderman telling TV viewers "Forget the conspiracy theories. Listen to the government. Take the damn vaccine!"
If you need more info, here's a good list of articles on why to avoid all vaccines. More doctors are refusing the jab because they question its safety and efficacy.
Listening to Dr. Len Horowitz on Alex Jones on 9-22 I heard numerous horror stories about people who were damaged by the vaccines, as well as an employee of a division of Novartis (a major vaccine maker) who said most of his fellow employees will refuse the vaccine! I also heard reports of forced vaccinations on students and workers being fired if they refuse the shot. And military checkpoints are popping up for various events all over the country to start acclimating us to the militarization of police. Will they be taking vaccine-refusers off to FEMA concentration camps next?
Here's more on Dr. Horowitz' affidavit accusing the Rockefeller empire of aiding and abetting the pandemic for financial and eugenics purposes. And Medimmune patented the actual H1N1 virus in 2008? So we're gearing up to fight a virus hatched in a laboratory. Genocide, anyone? Speaking of, is the flu being targeted toward certain minorities to hasten their demise?
More on Mossad microbiologist: "Swine Flu Vaccine is a BioWeapon."
__________________________________________
The always insightful Dr. Paul Craig Roberts explains it is so easy to get Americans to swallow lies. "What the sociologists and Hitler are telling us is that by the time facts become clear, people are emotionally wedded to the beliefs planted by the propaganda and find it a wrenching experience to free themselves. It is more comfortable, instead, to denounce the truth-tellers than the liars whom the truth-tellers expose." The Big Lie is effective and has great staying power. If you still believe the official conspiracy theory about 9-11, you need to read this article.
Pepe Escobar, writing in the Asian Times, adds 19 more unanswered questions to the 50 unanswered questions about 9-11 from the week before (also linked in this article).
__________________________________________
To the comfort of all those people who think that the internet is full of misinformation, as compared to the always truthful MSM, the internet freedom is about to die from a thousand regulatory cuts. The establishment always finds it easier to control the sheep when they control the flow of information. They don't like people pointing out quickly, and easily to tens of thousands or millions of people that government reporting on the economy is a lie.
_________________________________________
I'm still looking for something big to happen this fall. As Chuck Baldwin points out, "most Americans live in a false sense of security." Besides the Swine Flu situation, the economy is still cratering, the dollar is dying, and China is currently buying up natural resources and gold as fast as they can with their soon-to-be-worthless dollars. Israel keeps talking about attacking Iran this fall, which could easily go nuclear and worldwide. Folks we need to pray and prepare. Warn your family and friends.
I may soon start posting more often without notification emails, so you might want to check this site every few days.
Grace and Peace and Courage to You!
Announcing the agonizing death of the dollar, HSBC Bids Farewell to Dollar Supremacy.
____________________________________________
Afghanistan is the graveyard of imperialism. It will be no different for the US than it was for the USSR and England. Just as "Vietnamization" failed to build an indigenous army to secure Viet Nam for the Americans, so will it fail in Afghanistan. "Hey, hey, BHO . . ." (Viet Nam reference for you youngsters.) Apparently, Hillary disagrees.
____________________________________________
How ironic that Russia Today TV tells us more truth than the US MSM. Richard Celente tells us why revolution is coming to the US.
____________________________________________
Interested in flu prevention? Read Despite Anti-Vitamin D Bias, CDC Stumbles on Deficiency Link to H1N1 Deaths.
The French military is getting ready to enforce mandatory swine flu vaccinations on the French. What are you going to do when/if it comes here? And what's with implantable RFID chips to track the H1N1 virus on people?
Swine Flu Deaths Down, Body Bag and FEMA Coffin Orders Up. What's up with this supposed contradiction? Global Research says "The entire construct is politically motivated and corrupt . It serves the financial interests of the pharmaceutical industry. It justifies the militarization of public health and violates fundamental civil liberties." Check out this Swine Flu video collage. Just listen to Dr. Nancy Snyderman telling TV viewers "Forget the conspiracy theories. Listen to the government. Take the damn vaccine!"
If you need more info, here's a good list of articles on why to avoid all vaccines. More doctors are refusing the jab because they question its safety and efficacy.
Listening to Dr. Len Horowitz on Alex Jones on 9-22 I heard numerous horror stories about people who were damaged by the vaccines, as well as an employee of a division of Novartis (a major vaccine maker) who said most of his fellow employees will refuse the vaccine! I also heard reports of forced vaccinations on students and workers being fired if they refuse the shot. And military checkpoints are popping up for various events all over the country to start acclimating us to the militarization of police. Will they be taking vaccine-refusers off to FEMA concentration camps next?
Here's more on Dr. Horowitz' affidavit accusing the Rockefeller empire of aiding and abetting the pandemic for financial and eugenics purposes. And Medimmune patented the actual H1N1 virus in 2008? So we're gearing up to fight a virus hatched in a laboratory. Genocide, anyone? Speaking of, is the flu being targeted toward certain minorities to hasten their demise?
More on Mossad microbiologist: "Swine Flu Vaccine is a BioWeapon."
__________________________________________
The always insightful Dr. Paul Craig Roberts explains it is so easy to get Americans to swallow lies. "What the sociologists and Hitler are telling us is that by the time facts become clear, people are emotionally wedded to the beliefs planted by the propaganda and find it a wrenching experience to free themselves. It is more comfortable, instead, to denounce the truth-tellers than the liars whom the truth-tellers expose." The Big Lie is effective and has great staying power. If you still believe the official conspiracy theory about 9-11, you need to read this article.
Pepe Escobar, writing in the Asian Times, adds 19 more unanswered questions to the 50 unanswered questions about 9-11 from the week before (also linked in this article).
__________________________________________
To the comfort of all those people who think that the internet is full of misinformation, as compared to the always truthful MSM, the internet freedom is about to die from a thousand regulatory cuts. The establishment always finds it easier to control the sheep when they control the flow of information. They don't like people pointing out quickly, and easily to tens of thousands or millions of people that government reporting on the economy is a lie.
_________________________________________
I'm still looking for something big to happen this fall. As Chuck Baldwin points out, "most Americans live in a false sense of security." Besides the Swine Flu situation, the economy is still cratering, the dollar is dying, and China is currently buying up natural resources and gold as fast as they can with their soon-to-be-worthless dollars. Israel keeps talking about attacking Iran this fall, which could easily go nuclear and worldwide. Folks we need to pray and prepare. Warn your family and friends.
I may soon start posting more often without notification emails, so you might want to check this site every few days.
Grace and Peace and Courage to You!
Sunday, August 3, 2008
Financial Tsunami Update
The economic storm clouds are getting darker. More writers are calling this a financial "tsunami," and more are comparing it with the Great Depression of the 1930's. The only voices of optimism are Paulson, Bernanke and Bush, and the lap dog mainstream press. And their credibility is plummeting.
Yet I find a number of people, in the spirit of American optimism, think I'm exaggerating. They believe the rhetoric that the Fed will fix things and we'll "muddle through" to face the next crisis. How I wish it were so this time.
The truth is, the die was cast a long time ago. When the US dollar was on a gold standard, monetary discipline was imposed on the financial system. With the founding of the Federal Reserve System in 1913 and Roosevelt's abandonment of the gold standard in 1933, we went on a debt standard. Nixon threw out the last vestige of monetary restraint in 1971 when he closed the gold window. Now the US dollar was backed by nothing but debt, and the "full faith and credit" of the US Government (i.e., the printing press in the back room).
Given the proclivities of politicians to spend money and wage war without raising taxes, the fate of the dollar was sealed. The only variable was how long would it take? A good date to pick for the death of the dollar is 2013, the hundreth anniversary of the founding of the Fed.
FDR and LBJ, as well as every administration since, ramped up social welfare spending that could not be funded in the long run, i.e, when the Baby Boomers started retiring. The Federal Government grew into a self-sustaining, expensive bureaucracy that outlasts every President and never stops increasing in size and cost. The military-industrial complex Eisenhower warned about turned the US into a welfare-warfare state, with the resulting Demopublican War Party firmly entrenched in power.
The media had its last hurrah as a watchdog after Watergate and Iran-Contra. Now the top media stars are highly paid celebrities beholden to their corporate masters, with interlocking ownership and directorates with the entire military-corporatist-banking-globalist establishment.
The Bush-Cheney-NeoCon "war on terror" has become a war on America, installing the machinery for a full-blown police state. John McCain and Barack Obama are salivating at the thought of wielding all that power to push their own agendas. Both have pledged to carry on the NeoCon program in the Middle East and subservience to Israeli Zionists. Moreover, Obama is pushing a socialist-communitarian-communist ideology that promises fundamental changes in the rights to life, liberty, property and self-defense that most Americans cherish. But more on politics in another post.
If you still believe things aren't too bad economically, you owe it to yourself to challenge your premises. Your financial future depends on it. Start with a trip to John Williams' excellent Shadow Government Statistics. He exposes in great detail the biased and often-manipulated government economic reporting.
For political reasons, important statistical indicators of economic health have been biased to minimize the bad news about inflation, the federal deficit, unemployment, GDP, etc. This started before Bush II. Williams reconstructs and continues measures the government dropped (like M-3 money supply growth), and recalculates others with their original components (like CPI). The results are staggering.
For instance, by applying Generally Accepted Accounting Practices to the US Government, we're adding an average of $4.6 Trillion a year to our indebtedness! The Federal Net Worth was a negative $57.1 Trillion at the end of 2007!! There is no way to tax or grow our way to solvency. And the politicians seem determined to keep printing money out of thin air to bail out the financial system and cover our obligations.
A must read is his comprehensive report "Hyperinflation." If you will take time to study this well-written 27-page report, you will see why he says a "hyperinflationary depression" worse than the Great Depression (Great Depression II, if you will) is unavoidable between 2010 and 2018. Probably it will be sooner than later. The graphs are clear about what has happened to the value of the dollar, and what is its fate.
Please read this report! His economic theory is sound and his statistics impeccable. You will see why you must put yourself on a plan to survive the meltdown of the dollar. Yes, the Weimar Republic can happen here. So can the rise of a messianic dictator who offers hope and "economic security" in the midst of economic catastrophe and the resulting social unrest. [Friends, the federal government is not able to provide economic security for anyone. Remember "I am from the government, and I'm here to help you"?]
At the risk of distracting you from the main report, I provide secondary evidence that the consumer is tapped out. Unemployment is rising, wages are falling, auto sales are crashing, credit cards are maxed, "discretionary" purchases are going instead to buy higher prices energy and food. The US economy, based 70% on consumer spending, is contracting.
Did I mention that banking systems around the world are failing? First Priority Bank in Florida failed Friday, the 8th US bank this year. The National Bank of Australia took a 90% loss on US mortgage debt writedowns. Royal Bank of Scotland is poised for the biggest loss in UK banking history. One observer says the Fed is panicking to hide the truth about the credit crisis so that the wealthy can be bailed out at the expense of the poor.
If Bush-Cheney-McCain-Obama-Israel start a war with Iran, the hyperinflation timetable shortens considerably. And shades of 9/11, what are we to make of Pulitzer Prize-winning journalist Seymour Hersh's shocking revelations "that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran?"
Says Hersh, "There was a dozen ideas proffered about how to trigger a war. The one that interested me the most was why don’t we build — we in our shipyard — build four or five boats that look like Iranian PT boats. Put Navy seals on them with a lot of arms. And next time one of our boats goes to the Straits of Hormuz, start a shoot-up." Cheney's "false flag operation" sounds like Operation Northwoods reincarnated. (Keith Olbermann gave Cheney his "worst person in the world" award for this idea.)
Take advantage of the last few weeks of the traditional summer doldrums in the precious metals. The base for gold seems established at $910 and silver at $17. Expect gold at near $1200 and silver above $20 by the end of 2008, IF Iran is not attacked. (Big IF). A few graphs (and here) might give you courage. Howard Ruff says "inflation is not rising prices; it's a falling dollar."
I've been begging some of my dear friends to buy gold for the last five years. It was always "too high," at $375, $450, $600, $650. Today it still seems high at $910. Meanwhile, whereas the dollar could buy 1 Euro for $0.85 six years ago, it now takes almost $1.60. As experienced traders say, "Don't fight the trend!" And as Gary North says, "Procrastination kills!"
Grace and Courage and Peace be with you!
Yet I find a number of people, in the spirit of American optimism, think I'm exaggerating. They believe the rhetoric that the Fed will fix things and we'll "muddle through" to face the next crisis. How I wish it were so this time.
The truth is, the die was cast a long time ago. When the US dollar was on a gold standard, monetary discipline was imposed on the financial system. With the founding of the Federal Reserve System in 1913 and Roosevelt's abandonment of the gold standard in 1933, we went on a debt standard. Nixon threw out the last vestige of monetary restraint in 1971 when he closed the gold window. Now the US dollar was backed by nothing but debt, and the "full faith and credit" of the US Government (i.e., the printing press in the back room).
Given the proclivities of politicians to spend money and wage war without raising taxes, the fate of the dollar was sealed. The only variable was how long would it take? A good date to pick for the death of the dollar is 2013, the hundreth anniversary of the founding of the Fed.
FDR and LBJ, as well as every administration since, ramped up social welfare spending that could not be funded in the long run, i.e, when the Baby Boomers started retiring. The Federal Government grew into a self-sustaining, expensive bureaucracy that outlasts every President and never stops increasing in size and cost. The military-industrial complex Eisenhower warned about turned the US into a welfare-warfare state, with the resulting Demopublican War Party firmly entrenched in power.
The media had its last hurrah as a watchdog after Watergate and Iran-Contra. Now the top media stars are highly paid celebrities beholden to their corporate masters, with interlocking ownership and directorates with the entire military-corporatist-banking-globalist establishment.
The Bush-Cheney-NeoCon "war on terror" has become a war on America, installing the machinery for a full-blown police state. John McCain and Barack Obama are salivating at the thought of wielding all that power to push their own agendas. Both have pledged to carry on the NeoCon program in the Middle East and subservience to Israeli Zionists. Moreover, Obama is pushing a socialist-communitarian-communist ideology that promises fundamental changes in the rights to life, liberty, property and self-defense that most Americans cherish. But more on politics in another post.
If you still believe things aren't too bad economically, you owe it to yourself to challenge your premises. Your financial future depends on it. Start with a trip to John Williams' excellent Shadow Government Statistics. He exposes in great detail the biased and often-manipulated government economic reporting.
For political reasons, important statistical indicators of economic health have been biased to minimize the bad news about inflation, the federal deficit, unemployment, GDP, etc. This started before Bush II. Williams reconstructs and continues measures the government dropped (like M-3 money supply growth), and recalculates others with their original components (like CPI). The results are staggering.
For instance, by applying Generally Accepted Accounting Practices to the US Government, we're adding an average of $4.6 Trillion a year to our indebtedness! The Federal Net Worth was a negative $57.1 Trillion at the end of 2007!! There is no way to tax or grow our way to solvency. And the politicians seem determined to keep printing money out of thin air to bail out the financial system and cover our obligations.
A must read is his comprehensive report "Hyperinflation." If you will take time to study this well-written 27-page report, you will see why he says a "hyperinflationary depression" worse than the Great Depression (Great Depression II, if you will) is unavoidable between 2010 and 2018. Probably it will be sooner than later. The graphs are clear about what has happened to the value of the dollar, and what is its fate.
Please read this report! His economic theory is sound and his statistics impeccable. You will see why you must put yourself on a plan to survive the meltdown of the dollar. Yes, the Weimar Republic can happen here. So can the rise of a messianic dictator who offers hope and "economic security" in the midst of economic catastrophe and the resulting social unrest. [Friends, the federal government is not able to provide economic security for anyone. Remember "I am from the government, and I'm here to help you"?]
At the risk of distracting you from the main report, I provide secondary evidence that the consumer is tapped out. Unemployment is rising, wages are falling, auto sales are crashing, credit cards are maxed, "discretionary" purchases are going instead to buy higher prices energy and food. The US economy, based 70% on consumer spending, is contracting.
Did I mention that banking systems around the world are failing? First Priority Bank in Florida failed Friday, the 8th US bank this year. The National Bank of Australia took a 90% loss on US mortgage debt writedowns. Royal Bank of Scotland is poised for the biggest loss in UK banking history. One observer says the Fed is panicking to hide the truth about the credit crisis so that the wealthy can be bailed out at the expense of the poor.
If Bush-Cheney-McCain-Obama-Israel start a war with Iran, the hyperinflation timetable shortens considerably. And shades of 9/11, what are we to make of Pulitzer Prize-winning journalist Seymour Hersh's shocking revelations "that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran?"
Says Hersh, "There was a dozen ideas proffered about how to trigger a war. The one that interested me the most was why don’t we build — we in our shipyard — build four or five boats that look like Iranian PT boats. Put Navy seals on them with a lot of arms. And next time one of our boats goes to the Straits of Hormuz, start a shoot-up." Cheney's "false flag operation" sounds like Operation Northwoods reincarnated. (Keith Olbermann gave Cheney his "worst person in the world" award for this idea.)
Take advantage of the last few weeks of the traditional summer doldrums in the precious metals. The base for gold seems established at $910 and silver at $17. Expect gold at near $1200 and silver above $20 by the end of 2008, IF Iran is not attacked. (Big IF). A few graphs (and here) might give you courage. Howard Ruff says "inflation is not rising prices; it's a falling dollar."
I've been begging some of my dear friends to buy gold for the last five years. It was always "too high," at $375, $450, $600, $650. Today it still seems high at $910. Meanwhile, whereas the dollar could buy 1 Euro for $0.85 six years ago, it now takes almost $1.60. As experienced traders say, "Don't fight the trend!" And as Gary North says, "Procrastination kills!"
Grace and Courage and Peace be with you!
Sunday, July 13, 2008
Recession: With or Without War?
My recent glimmer of optimism about possibly avoiding war with Iran was snuffed in a recent article by Gary North. First he summarizes "the good news" -- "there is going to be an international recession, rising corporate bankruptcies, bank failures, and retrenchment by consumers because they can no longer pay the rising cost of energy [and food]."
Then he repeats his earlier warning that if Israel attacks Iran, the economic news will rapidly get worse. (The head of OPEC recently warned global oil prices would be "unlimited" in case of a war.)
North says all signs point to an upcoming Israeli air strike on suspected Iranian nuclear production facilities. Decision-makers in the US and Western Europe have not made it clear that they will impose significant negative sanctions on Israel after an attack on Iran; therefore, they have given Israel an "implied green light" concerning an attack. Since the Israelis perceive Iranian nuclear weapons as a threat to their survival, they are likely to attack.
Absence such sanctions, the only thing stopping Israel is the perception that the aftermath of their attack would be the negative fallout of the collapse of the Western economy that buys Israeli goods. He suggests you include this very real possibility in your financial planning. So do I.
The Huffington Post ran a guide to understanding the two bipartisan resolutions that Congress will probably vote on this week. These are tantamount to declaring war on Iran, threatening naval and air blockade if Iran doesn't adhere to American wishes. These resolutions "are based on factual errors, exaggerations, half-truths, and even outright lies." Even though the effort may seem insignificant, you should still contact your Representative and Senators to register your opposition to these resolutions.
Meanwhile, the Federal Reserve Bank has lost all credibility around the world. The IMF will soon begin an audit of the US financial system, releasing a report by 2010. Soon the criminal, deceptive financial practices that have flourished in the 27 years since Richard Nixon repudiated the last vestiges of the gold standard will be laid bare for all to see.
I see more dire financial forecasts than I can possibly list. If you still believe the spinmeisters from the Fed and Treasury and the talking heads in the financial press that we're about to turn the corner financially, you need to read more. Richard Daughty ("The Mogambo Guru") says "Banks are Suffering from their Own Stupidity." And so will we. The Boston Globe reports that 401(k)s and IRA are eroding in value due to soaring energy prices and the meltdown in financial stocks.
The Inflation Fuse Has Been Lit, says analyst Larry Edelson. The famed Aden Sisters point out the the boom in gold, silver and commodities foretold massive global inflation, and that it should be with us for some time to come.
If you haven't yet bought any gold or silver and moved out of stocks and bonds, do it now. Even in the traditional summer slump, gold is up almost $100 from its recent low. I'd advise staying away from any of the gold or silver ETFs, though. I've seen persuasive evidence that they are likely being used not only to suppress the price of the metals through short-selling, but also may not have the actual reserves they claim to have. Take delivery. Jim Sinclair even suggests you take physical delivery of the stock shares you plan to hold. The likely breakdown in the financial system could tie up your shares for years, IF you are even able to get them.
Unlike previous inflations, global competition for wages on anything that is transportable, has capped most wages. Layoffs and slack demand may even be driving wages down. Rising prices for food, fuel and other necessities, coupled with steady or falling wages and unemployment, can only make the recession deeper.
Historically, all empires end. The US empire is no exception. The indications are everywhere. In Jeff Foxworthy's style, here's a handy list of 36 signs the US empire is crumbling.
On a lighter note, be sure to take a few moments to savor these spectacular photos of Antarctic icebergs. God's world is beautiful. We shouldn't mess it up.
Then he repeats his earlier warning that if Israel attacks Iran, the economic news will rapidly get worse. (The head of OPEC recently warned global oil prices would be "unlimited" in case of a war.)
North says all signs point to an upcoming Israeli air strike on suspected Iranian nuclear production facilities. Decision-makers in the US and Western Europe have not made it clear that they will impose significant negative sanctions on Israel after an attack on Iran; therefore, they have given Israel an "implied green light" concerning an attack. Since the Israelis perceive Iranian nuclear weapons as a threat to their survival, they are likely to attack.
Absence such sanctions, the only thing stopping Israel is the perception that the aftermath of their attack would be the negative fallout of the collapse of the Western economy that buys Israeli goods. He suggests you include this very real possibility in your financial planning. So do I.
The Huffington Post ran a guide to understanding the two bipartisan resolutions that Congress will probably vote on this week. These are tantamount to declaring war on Iran, threatening naval and air blockade if Iran doesn't adhere to American wishes. These resolutions "are based on factual errors, exaggerations, half-truths, and even outright lies." Even though the effort may seem insignificant, you should still contact your Representative and Senators to register your opposition to these resolutions.
Meanwhile, the Federal Reserve Bank has lost all credibility around the world. The IMF will soon begin an audit of the US financial system, releasing a report by 2010. Soon the criminal, deceptive financial practices that have flourished in the 27 years since Richard Nixon repudiated the last vestiges of the gold standard will be laid bare for all to see.
I see more dire financial forecasts than I can possibly list. If you still believe the spinmeisters from the Fed and Treasury and the talking heads in the financial press that we're about to turn the corner financially, you need to read more. Richard Daughty ("The Mogambo Guru") says "Banks are Suffering from their Own Stupidity." And so will we. The Boston Globe reports that 401(k)s and IRA are eroding in value due to soaring energy prices and the meltdown in financial stocks.
The Inflation Fuse Has Been Lit, says analyst Larry Edelson. The famed Aden Sisters point out the the boom in gold, silver and commodities foretold massive global inflation, and that it should be with us for some time to come.
If you haven't yet bought any gold or silver and moved out of stocks and bonds, do it now. Even in the traditional summer slump, gold is up almost $100 from its recent low. I'd advise staying away from any of the gold or silver ETFs, though. I've seen persuasive evidence that they are likely being used not only to suppress the price of the metals through short-selling, but also may not have the actual reserves they claim to have. Take delivery. Jim Sinclair even suggests you take physical delivery of the stock shares you plan to hold. The likely breakdown in the financial system could tie up your shares for years, IF you are even able to get them.
Unlike previous inflations, global competition for wages on anything that is transportable, has capped most wages. Layoffs and slack demand may even be driving wages down. Rising prices for food, fuel and other necessities, coupled with steady or falling wages and unemployment, can only make the recession deeper.
Historically, all empires end. The US empire is no exception. The indications are everywhere. In Jeff Foxworthy's style, here's a handy list of 36 signs the US empire is crumbling.
On a lighter note, be sure to take a few moments to savor these spectacular photos of Antarctic icebergs. God's world is beautiful. We shouldn't mess it up.
Tuesday, July 1, 2008
Gold getting ready for another big move
Jim Sinclair became fabulously wealthy when he called the great gold bull in the late 1970's, selling out at the top. He's the dean of the gold bugs, and gives his advice away for FREE at his web site. He posted a bulletin today where he thinks the gold is getting ready for its assault on $1600. His previous prediction for that level was by 2011, so he thinks things are speeding up.
Gold is traditionally slow moving in the summer, but that may change. If you're going to buy gold, do it soon. It is not going much lower, if at all. It is definitely going higher, because the dollar is going lower. It is really that simple.
I suggest US Gold Eagles of various denominations. Silver Eagles are also a great investment. I've had very good prices and service in the past from Franklin Sanders as well as GoldMasters. If you live outside of Oklahoma (to avoid sales tax), you can try American Precious Metals Exchange in Edmond, OK.
Investment guru Jim Rogers, who correctly called for $100 a barrel oil and $1,000 gold in 2006, urged investors in a recent speech to "avoid the dollar at all costs." "The best investments in 2008 are commodities and natural resources. Agricultural prices have much higher to go over the next decade. We have a shortage of everything, including seeds.''
Any money you leave in US stocks (except selected precious metals and commodities), bonds, and money markets will become worth less and less as inflation eats away at their value. Be safe, not sorry. As Gary North is famous for saying: "Procrastination kills."
My good friend Michael Pink updated my store closing list in today's earlier post with news that Starbucks will be closing 600 underperforming stores in the US. I didn't need that last bit of lingering optimism anyway!
Gold is traditionally slow moving in the summer, but that may change. If you're going to buy gold, do it soon. It is not going much lower, if at all. It is definitely going higher, because the dollar is going lower. It is really that simple.
I suggest US Gold Eagles of various denominations. Silver Eagles are also a great investment. I've had very good prices and service in the past from Franklin Sanders as well as GoldMasters. If you live outside of Oklahoma (to avoid sales tax), you can try American Precious Metals Exchange in Edmond, OK.
Investment guru Jim Rogers, who correctly called for $100 a barrel oil and $1,000 gold in 2006, urged investors in a recent speech to "avoid the dollar at all costs." "The best investments in 2008 are commodities and natural resources. Agricultural prices have much higher to go over the next decade. We have a shortage of everything, including seeds.''
Any money you leave in US stocks (except selected precious metals and commodities), bonds, and money markets will become worth less and less as inflation eats away at their value. Be safe, not sorry. As Gary North is famous for saying: "Procrastination kills."
My good friend Michael Pink updated my store closing list in today's earlier post with news that Starbucks will be closing 600 underperforming stores in the US. I didn't need that last bit of lingering optimism anyway!
Depression Watch
I’ve been watching the economy’s ups and downs since the early 70’s. Many think a financial “perfect storm” is coming soon. Ominous economic signs abound, while optimism is hard to find. There’s too much to post all at once. I’ll just share some as we go. The prudent thing to do is to get your house in order, and don’t get trapped by the falling dollar.
Government economists stepped up their lying about the real rate of inflation during the Clinton years. This was to keep from paying those on inflation-indexed payments like Social Security from getting so much money. So the government introduced the concept of “core inflation,” that excluded such minor items as food, energy and housing from their measure of general prices. And the stenographers from the Lame Stream Media dutifully report their figures with straight faces month after month.
Too few Americans still understand what Richard Russell calls The Federal Reserve Racket. One of the reasons Ron Paul was either ignored or ridiculed during his campaign was his call for abolishing the Federal Reserve and returning to the stability of Constitutional money. The simple fact is that when the Fed creates money out of thin air, the value of all currency is debased. That’s inflation. If the government’s central bank does it, it is legal. If you or I do it, it is counterfeiting. But the result is the same.
Since most people hate paying taxes, the Cheney-Bush administration has paid for its wars of choice in the Middle East the same way the Vietnam War was financed – with borrowed money, which produces inflation. Devaluing a currency is just another form of tax that hits people on fixed and low incomes the most.
What we currently see in America is “stagflation.” The economy is stagnating into recession, while inflation is rapidly increasing. Continued inflation, with government bungling like price controls, higher tariffs, rationing and what other futile measures the political class takes while ignoring the causes of the problem, will only make things worse. The result will be a Depression as bad as the 1930, with the destruction of the middle class. One analyst says inflation is unleashing a global financial tsunami. I wish I could prove him wrong.
“The Dow-Crash, The Dollar, Gold, and WAR!” says it all in the title. You don’t have to be a financial guru or technical analysis expert to understand the simple charts. The Dow crashed through its eight-year support level. Gold has broken out to the upside from its consolidation decline since its all-time high in March. Iran may have sealed its fate by going off the petrodollar standard (just like Iraq did prior to that war). The author has some interesting things to say about the Euro moving into worldwide preeminence, as the globalist insiders want the United States (and its citizens’ bothersome concerns about individual liberty) to move into second-class status.
Gold is still the currency of peace. Better get some at today’s bargain prices. Protect your financial future. The dollar has a long-way yet to fall. If you want to put gold or silver coins into your IRA check out the Self-Directed IRA services for precious metals at Sterling Trust. It’s easy to do.
As inflation shows up in higher prices for energy, food and raw materials, and demand drops for other items because of less discretionary income, the US economy sinks along with the US dollar and stock market.
Not only are the big automakers shutting down production lines and plants. So are many of America’s top retail chain stores. Can the impact on be any less on all the independent mom and pop stores? Here’s the list:
(01) 84 Lumber is closing 12 stores
(02) Ann Taylor is closing 117 stores.
(03) Big Dollar is closing 10 stores after having been around for 21 years - so even dollar stores are closing.
(04) Bombay Company is closing all 384 U.S. stores.
(05) Cache, the women's retailer, is closing 20 to 23 stores.
(06) CompUSA is closing 128 stores.
(07) Dell is closing 140 stores.
(08) Dillard's is closing under-performing stores
(09) Disney Stores is possibly closing 98 stores.
(10) Eddie Bauer has closed 27 shops and is going to close more.
(11) Ethan Allen Interiors closing 12 stores.
(12) Foot Locker is closing 140 stores
(13) Friedman's Jewelers is closing 120 stores according to one report and 473 stores according to another as it goes through bankruptcy proceedings.
(14) Gap Inc. is closing 85 stores including Old Navy and Banana Republic stores.
(15) Home Depot is closing 15 stores.
(16) Jasmine Sola is closing 23 stores
(17) J. C. Penney is scaling back
(18) KB Toys is closing 356 stores as part of its bankruptcy
(19) Kirkland's is closing 30 to 130 stores
(20) Lane Bryant, Fashion Bug, and Catherine’s, members of a consortium, are closing 150 stores.
(21) Levitz Furniture is closing all 76 stores and going out of business
(22) Lillian Vernon the Internet Marketer is closing down and filing for bankruptcy - so don't think that area is impervious.
(23) Linens 'n Things is closing 120 stores
(24) Lonestar Steakhouse is closing 27 stores
(25) Lowe's is scaling back.
(26) Macy's is closing 9 stores. They say they plan to open other stores - but a lot of those closing try to put on an optimistic face for stock and other reasons.
(27) Movie Gallery is closing 160 stores
(28) Office Depot is scaling back
(29) Pacific Sunwear is closing 154 stores
(30) Pep Boys is closing 33 stores
(31) Pier 1 Imports has closed 79 stores and is closing another 25
(32) Piercing Pagoda is closing 82 stores
(33) Rite Aid is closing 28 stores
(34) Saks is closing 1 store
(35) Sofa Express is closing 44 stores
(36) Sharper Image is filing for bankruptcy and is closing 90 stores.
(37) Sprint Nextel Corp. is closing 125 stores. This will mean 4000 more job losses on top of the 5,000 last year.
(38) Talbot's & Sigrid Olsen is closing all 78 of its kids and men's stores plus another 22 of its female stores.
(39) Urban Interiors is closing 2 stores.
(40) Wicke’s Furniture is closing all 38 stores. They have been around for 37 years. Called the canary in the cave for this recession. They are in bankruptcy.
(41) Wilson’s the Leather Experts is closing 160 stores
(42) Zale’s is closing 105 stores
Government economists stepped up their lying about the real rate of inflation during the Clinton years. This was to keep from paying those on inflation-indexed payments like Social Security from getting so much money. So the government introduced the concept of “core inflation,” that excluded such minor items as food, energy and housing from their measure of general prices. And the stenographers from the Lame Stream Media dutifully report their figures with straight faces month after month.
Too few Americans still understand what Richard Russell calls The Federal Reserve Racket. One of the reasons Ron Paul was either ignored or ridiculed during his campaign was his call for abolishing the Federal Reserve and returning to the stability of Constitutional money. The simple fact is that when the Fed creates money out of thin air, the value of all currency is debased. That’s inflation. If the government’s central bank does it, it is legal. If you or I do it, it is counterfeiting. But the result is the same.
Since most people hate paying taxes, the Cheney-Bush administration has paid for its wars of choice in the Middle East the same way the Vietnam War was financed – with borrowed money, which produces inflation. Devaluing a currency is just another form of tax that hits people on fixed and low incomes the most.
What we currently see in America is “stagflation.” The economy is stagnating into recession, while inflation is rapidly increasing. Continued inflation, with government bungling like price controls, higher tariffs, rationing and what other futile measures the political class takes while ignoring the causes of the problem, will only make things worse. The result will be a Depression as bad as the 1930, with the destruction of the middle class. One analyst says inflation is unleashing a global financial tsunami. I wish I could prove him wrong.
“The Dow-Crash, The Dollar, Gold, and WAR!” says it all in the title. You don’t have to be a financial guru or technical analysis expert to understand the simple charts. The Dow crashed through its eight-year support level. Gold has broken out to the upside from its consolidation decline since its all-time high in March. Iran may have sealed its fate by going off the petrodollar standard (just like Iraq did prior to that war). The author has some interesting things to say about the Euro moving into worldwide preeminence, as the globalist insiders want the United States (and its citizens’ bothersome concerns about individual liberty) to move into second-class status.
Gold is still the currency of peace. Better get some at today’s bargain prices. Protect your financial future. The dollar has a long-way yet to fall. If you want to put gold or silver coins into your IRA check out the Self-Directed IRA services for precious metals at Sterling Trust. It’s easy to do.
As inflation shows up in higher prices for energy, food and raw materials, and demand drops for other items because of less discretionary income, the US economy sinks along with the US dollar and stock market.
Not only are the big automakers shutting down production lines and plants. So are many of America’s top retail chain stores. Can the impact on be any less on all the independent mom and pop stores? Here’s the list:
(01) 84 Lumber is closing 12 stores
(02) Ann Taylor is closing 117 stores.
(03) Big Dollar is closing 10 stores after having been around for 21 years - so even dollar stores are closing.
(04) Bombay Company is closing all 384 U.S. stores.
(05) Cache, the women's retailer, is closing 20 to 23 stores.
(06) CompUSA is closing 128 stores.
(07) Dell is closing 140 stores.
(08) Dillard's is closing under-performing stores
(09) Disney Stores is possibly closing 98 stores.
(10) Eddie Bauer has closed 27 shops and is going to close more.
(11) Ethan Allen Interiors closing 12 stores.
(12) Foot Locker is closing 140 stores
(13) Friedman's Jewelers is closing 120 stores according to one report and 473 stores according to another as it goes through bankruptcy proceedings.
(14) Gap Inc. is closing 85 stores including Old Navy and Banana Republic stores.
(15) Home Depot is closing 15 stores.
(16) Jasmine Sola is closing 23 stores
(17) J. C. Penney is scaling back
(18) KB Toys is closing 356 stores as part of its bankruptcy
(19) Kirkland's is closing 30 to 130 stores
(20) Lane Bryant, Fashion Bug, and Catherine’s, members of a consortium, are closing 150 stores.
(21) Levitz Furniture is closing all 76 stores and going out of business
(22) Lillian Vernon the Internet Marketer is closing down and filing for bankruptcy - so don't think that area is impervious.
(23) Linens 'n Things is closing 120 stores
(24) Lonestar Steakhouse is closing 27 stores
(25) Lowe's is scaling back.
(26) Macy's is closing 9 stores. They say they plan to open other stores - but a lot of those closing try to put on an optimistic face for stock and other reasons.
(27) Movie Gallery is closing 160 stores
(28) Office Depot is scaling back
(29) Pacific Sunwear is closing 154 stores
(30) Pep Boys is closing 33 stores
(31) Pier 1 Imports has closed 79 stores and is closing another 25
(32) Piercing Pagoda is closing 82 stores
(33) Rite Aid is closing 28 stores
(34) Saks is closing 1 store
(35) Sofa Express is closing 44 stores
(36) Sharper Image is filing for bankruptcy and is closing 90 stores.
(37) Sprint Nextel Corp. is closing 125 stores. This will mean 4000 more job losses on top of the 5,000 last year.
(38) Talbot's & Sigrid Olsen is closing all 78 of its kids and men's stores plus another 22 of its female stores.
(39) Urban Interiors is closing 2 stores.
(40) Wicke’s Furniture is closing all 38 stores. They have been around for 37 years. Called the canary in the cave for this recession. They are in bankruptcy.
(41) Wilson’s the Leather Experts is closing 160 stores
(42) Zale’s is closing 105 stores
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