D – Debt that the US owes
D – Death of the US dollar
D –Depression that is coming.
The US cannot repay its debt with the currency they currently have. On account of this the US dollar will continue to fall, it will die and then a different currency will be created which will in turn be used to repay the debt the US has valued in its current currency. Anyone who thinks that the fall of the US dollar is temporary is delusional.
For anyone who thinks that it will just be a recession that is coming, I have news for you, you are already in a recession, what is ahead is the worst depression known to man. I just state the obvious for those that have the insight to see, based on facts supported by numbers.
Anyone who is smart enough will get out of debt as soon as possible, even if it means walking away from the mortgaged home they currently live in, buried in debt. If your home is not worth the debt you currently have on it, then, it is probably wise to let it go, because it is not going to regain that value for at least for another 10 to 15 years.
What is coming is not going to be pleasant, yes there will still be work for some, but the world as we know it today will drastically change. Prepare for a long cold winter, if it comes then you have prepared yourself, if it does not happen then great!
Saturday, September 29, 2007
Saturday, September 8, 2007
Got Gold?
Gold is over 700.00, loss of jobs in the US, RE is a mess – foreclosures and inventory up, the dollar is collapsing, the US stock market is falling and still some people do not see the storm clouds.
It is no wonder the price of gold is going up, it is the real pulse indicating the economy’s health. The spin doctors in the US, and elsewhere, try to gloss over the problems with more liquidation but that is quickly losing its luster.
Got gold anyone???
It is no wonder the price of gold is going up, it is the real pulse indicating the economy’s health. The spin doctors in the US, and elsewhere, try to gloss over the problems with more liquidation but that is quickly losing its luster.
Got gold anyone???
Sunday, August 26, 2007
US inflation
There is only one type of inflation, despite what others may say, and it is monetary inflation. Price increases, which many like to call inflation is, instead, a result of inflation but not inflation in itself.
When more paper is produced the long term effect is to decrease the value of the currency that paper is in. Therefore, it then takes more of those dollars to buy the same products. Hence, the increase in Real Estate in the US is not purely organic. While some of it may be due to real growth, most of it is due to a depreciation of the currency of that paper - USD
Since the USD has dropped as much as 50% against some currencies over the past 5 yrs, it is, therefore, safe to say that properties that cost 250K USD 5 yrs ago and are worth 500K USD today in the US, really are still worth 250k US in other currencies e.g. the Canadian Dollar. As a matter of fact in those foreign currencies the value of those US properties have actually decreased.
The attempt by the US Government to avert the disaster, by reducing interest rate, will fail, IMO. There is too much of the garbage paper in all corners of the world today. I give credit to the US for one thing and that is; hyping the paper that it created so much that convinced bankers all over the world bought it, hence, the whole world will be affected by the US crisis.
There is sure disaster ahead and there is no way out of it. Some predictions I made about two years ago:
There will be economic trouble in the US by the end of 2007
There will be economic disaster in the US by the end of 2008
The Dow will drop at least 50% from its high by the time the bear market is over
Gold will reach 2k by 2011
If the Dow increases instead of decrease then gold will reach 3k
I still stick to these predictions.
When more paper is produced the long term effect is to decrease the value of the currency that paper is in. Therefore, it then takes more of those dollars to buy the same products. Hence, the increase in Real Estate in the US is not purely organic. While some of it may be due to real growth, most of it is due to a depreciation of the currency of that paper - USD
Since the USD has dropped as much as 50% against some currencies over the past 5 yrs, it is, therefore, safe to say that properties that cost 250K USD 5 yrs ago and are worth 500K USD today in the US, really are still worth 250k US in other currencies e.g. the Canadian Dollar. As a matter of fact in those foreign currencies the value of those US properties have actually decreased.
The attempt by the US Government to avert the disaster, by reducing interest rate, will fail, IMO. There is too much of the garbage paper in all corners of the world today. I give credit to the US for one thing and that is; hyping the paper that it created so much that convinced bankers all over the world bought it, hence, the whole world will be affected by the US crisis.
There is sure disaster ahead and there is no way out of it. Some predictions I made about two years ago:
There will be economic trouble in the US by the end of 2007
There will be economic disaster in the US by the end of 2008
The Dow will drop at least 50% from its high by the time the bear market is over
Gold will reach 2k by 2011
If the Dow increases instead of decrease then gold will reach 3k
I still stick to these predictions.
Talking Heads
2 of 12
Talking Heads
The gospel according to us they preach
Gazing into cameras beyond our reach
Barbie doll faces and Ken doll smiles as empty as the heads
That hold em high
Baring teeth as sharp as they’re dumb
The day’s fab stories roll off their tounges
Sensationally overblown to dumb us down
In the end it all comes down on the heads of the poor
Just like a cleaver on meat to be consumed
By the fat cats licking their paws savoring the blood
Whom with a flick we turn on
But find it impossible to shut them off
Addicted to the drug they pump into our minds
Victims of the conspiracy that makes us blind
If seeing is believing then mother take our eyes
Take away our sense of perception
Suspend our beliefs in our pumped up minds
If hearing is knowing then take away the sound
And replace it with the vacuum
Remnants of our minds
And block out the talking heads of our time
And we sing and dance to the sound of the money
In the pockets of the rich unable to hear above the din
The stealing of our minds and the nation of zombies
Created by States of oppression
Fostered by indoctrination
Consumed by the hungry through feeding tubes
Administered by monsters with demented minds!
Talking Heads
The gospel according to us they preach
Gazing into cameras beyond our reach
Barbie doll faces and Ken doll smiles as empty as the heads
That hold em high
Baring teeth as sharp as they’re dumb
The day’s fab stories roll off their tounges
Sensationally overblown to dumb us down
In the end it all comes down on the heads of the poor
Just like a cleaver on meat to be consumed
By the fat cats licking their paws savoring the blood
Whom with a flick we turn on
But find it impossible to shut them off
Addicted to the drug they pump into our minds
Victims of the conspiracy that makes us blind
If seeing is believing then mother take our eyes
Take away our sense of perception
Suspend our beliefs in our pumped up minds
If hearing is knowing then take away the sound
And replace it with the vacuum
Remnants of our minds
And block out the talking heads of our time
And we sing and dance to the sound of the money
In the pockets of the rich unable to hear above the din
The stealing of our minds and the nation of zombies
Created by States of oppression
Fostered by indoctrination
Consumed by the hungry through feeding tubes
Administered by monsters with demented minds!
Thursday, May 24, 2007
Generation Debt
1 of 12
Generation Debt
And the talking heads sing the same song
Words rearranged but the message remains the same
The man in the back with a grin on his face
And his hands in your pockets
Searching for the pennies that you don’t have
Reaches in your mind and whisper
Don't you want credit?
And shiny new cars mocking you don’t belong
The Big screen televisions saying you gotta have one
So your mortgage the future generation
For instant gratification
Not a penny in your pocket, but mouths to feed
And the man is laughing cause he planted the seed
But who gives a fuck?
In the end it all comes down like a hammer
Puitting the final nail in the coffin
Your spirit dead and buried in debt
Your children hungry and the croc on TV shedding tears
Sights set on the future generation
Enslaved by your irresponsible actions
See what you’ve done generation debt?
And the beat goes on and clowns will dance
Like monkeys on the corner for pennies in a hat
With no place to rest their heads and troubled minds
With holes in their hearts and holes in their pockets
Wishing for enough pennies to buy a gun
To put a hole in their heads
Are we dead yet?
Generation Debt
And the talking heads sing the same song
Words rearranged but the message remains the same
The man in the back with a grin on his face
And his hands in your pockets
Searching for the pennies that you don’t have
Reaches in your mind and whisper
Don't you want credit?
And shiny new cars mocking you don’t belong
The Big screen televisions saying you gotta have one
So your mortgage the future generation
For instant gratification
Not a penny in your pocket, but mouths to feed
And the man is laughing cause he planted the seed
But who gives a fuck?
In the end it all comes down like a hammer
Puitting the final nail in the coffin
Your spirit dead and buried in debt
Your children hungry and the croc on TV shedding tears
Sights set on the future generation
Enslaved by your irresponsible actions
See what you’ve done generation debt?
And the beat goes on and clowns will dance
Like monkeys on the corner for pennies in a hat
With no place to rest their heads and troubled minds
With holes in their hearts and holes in their pockets
Wishing for enough pennies to buy a gun
To put a hole in their heads
Are we dead yet?
Tuesday, May 15, 2007
He who has the gold shall be King
Over the past 5 weeks there has been a concerted effort to beat down gold from its recent high of 690. The fight is on by the cartel – made up of governments and a couple of bullion banks – to keep gold from going over 700.00.
However, every time they tried to do this at other levels, 300, 350, 400 450, 500 etc., they lost out and they will once again lose. Watch the ride cause it’s gonna break through 700 soon and then shoot for the moon.
You see, governments hate gold because it shows the weakness of their currency which is a reflection of their economy. Currency meant something when it was backed by gold and the strength of it was a reflection of the amount of gold a country used to back its currency. No gold equals paper that can go worthless over time. The US currency has dropped over 20% in the past 5 yrs and there is more to come.
He who has the gold shall be king.
However, every time they tried to do this at other levels, 300, 350, 400 450, 500 etc., they lost out and they will once again lose. Watch the ride cause it’s gonna break through 700 soon and then shoot for the moon.
You see, governments hate gold because it shows the weakness of their currency which is a reflection of their economy. Currency meant something when it was backed by gold and the strength of it was a reflection of the amount of gold a country used to back its currency. No gold equals paper that can go worthless over time. The US currency has dropped over 20% in the past 5 yrs and there is more to come.
He who has the gold shall be king.
Saturday, May 12, 2007
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