Wow, are people starting to believe what some of us said would happen? Well be prepared because if this is a 9 innings baseball game we are only in the third inning.
The scam continues as the ruling class continues to bail each other out at the peril of the poor and middle class. The masses can pontificate all they want, however, unless they understand the scope of this thing and what brought us here, they will just be lambs waiting to be slaughtered.
I said before that gold will hit 2k by 2011, well many laughed, where are we now? I will make a bold prediction now that should now make them hysterical; gold can go as high as 40k an ounce.
Here are the possibilities:
1) Depression = 2k to 5k per ounce
2) Stagflation = 5k to 8k per ounce
3) Hyper inflation = 8k to 40k per ounce
Those are the golden opportunities. But the most likely scenarios are 1 and 2, heaven help us all if it is 3.
The only thing that can save this financial system from a total collapse and future collapses is a gold back currency.
How can a stock market be actually said to increase in real value when the currency of that market has decreased 60%, in some cases over 70% relative to other currencies.
Everytime an institution is bailed out, everytime interest rates fall, the currency is further eroded and the poor and middle class see their net worth shrink or debts increase relative to income.
All the fools who cheer when the Dow goes up in nominal value need to get their heads checked, it only results in further inflation.
Does it not strike people as inorganic when stock markets all over the world go down but the country in crisis actually sees its stock market go up??? If it looks too good to be true then it is absolutely a big lie. Stay tuned and buckle up, its gonna get much more rough.
Oh, and don’t throw out that wheel barrow yet, you may need it to go to the corner store to buy bread.
Americans should push to scrap the Fed and demand a gold back currency, that is the way the founders of the US wanted it, but somewhere alone the way some greedy murderous bastards took control and created the biggest scan in history; a currency without a gold or silver backing
And not just the US currency is at risk of collapse, all fiat currencies are at risk. Anything without a gold or backing is garbage and the whole world is at risk, including Canada.
Monday, March 17, 2008
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