Let’s Get Real – The U.S. is Bankrupt and We Don’t Even Know It!
August 13, 2010 by Editor · Leave a Comment
Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement, and financial systems, each of which is a complete mess. Words: 845
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Nielson: U.S. Between a Rock and a Hard Place and Its Options Are – At Best – Dire!
August 12, 2010 by Editor · Leave a Comment
It would appear that the U.S. is in an untenable position – between a rock and a hard place – in an inescapable debt trap – where the options are, at best, dire – hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283
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Nielson: Probability of U.S. Hyperinflation or a Debt Implosion Increasing by the Day – Got Gold?
July 11, 2010 by Editor · Leave a Comment
The probability of hyperinflation or a debt-implosion continues to increase by the day for the U.S., while for the global economy as a whole, there is an even larger ticking-bomb of highly leveraged debt. The collapse of U.S. economy is a certainty – only the manner of the economic collapse has yet to be determined. In time the global derivatives bubble will produce the same result which has occurred to every other currency not backed by gold throughout history: those currencies, our “money”, will become worthless. Words: 1433
Egon von Greyerz: The World is Heading Rapidly Towards Calamity! Got Gold?
2010 will be remembered for the rest of our lives as Armageddon 2010. Things are getting out of control. We are all about to take a cliff dive together into who knows what?! We Are Doomed! The world is now on its road to ruin and there is no action, no leader and no new amount of printed money that can save the world or prevent a hyperinflationary depression. Words: 1716
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Sovereign Debt Defaults = Social Unrest + Much Higher Gold and Silver Prices
June 3, 2010 by Editor · Leave a Comment
The magnitude of current private and government debt, coupled with massive unfunded contingent liabilities for promises of future services to their citizens, will prove to be impossible for many nations to fund. Massive inflation in the money supply will become the preferred vehicle to deflect the default monster and will result in vastly devalued currencies and price inflation as a prelude to default. Such action will be a desperate attempt to buy time to stave off the inevitable and will result in social unrest caused by persons whose comfortable lifestyle and elevated standard of living is about to disintegrate before their very eyes. Words: 1525
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Groundwork Has Been Laid for Hyperinflation, Soaring Interest Rates and Exploding Gold and Silver Prices
May 28, 2010 by Editor · Leave a Comment
Increases in spending and liabilities along with decreases in foreign lending equals a recipe for disaster. So, where will the money come from? This is a job for the printing press. While we are certainly facing deflation in the near term and a very choppy market, the groundwork has been laid for hyperinflation, soaring interest rates and exploding gold and silver prices. Words: 945
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Why An Inflationary Depression is Likely in 3 Years and How You Can Protect Yourself
May 23, 2010 by Editor · Leave a Comment
Given that governments are reluctant to take their lumps now, what are the odds that they will do the right thing — outright default and debt restructuring — three years hence when the debt bubble is that much larger, the economy is in worse shape, and the pain of default and austerity is much higher than today’s? The words “slim” and “none” come to mind. The world is firmly ensconced on the path to an inflationary depression. Words: 1119
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Protect Yourself From Further Sovereign Debt Defaults With Physical Gold and Silver
May 23, 2010 by Editor · Leave a Comment
It is clearly evident that America’s debt picture is truly astronomical and, like the situation with Greece, the debt cannot, and never will, be repaid. Indeed, any way you look at it, the consequences for the United States, let alone the many other haunted economies, are grim, dismal – even disastrous. Words: 1166
Japan: The Greece of the East?
May 21, 2010 by Editor · Leave a Comment
Japan is flirting with becoming the Greece of the East. Japan’s legendary household and corporate savings are on a downward trend [and, while current] domestic savers have always been forgiving of the government’s overspending, when [their] savings become inadequate to fund the government’s drain, other investors will be much less sympathetic. Words: 508
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Debt Default ‘Deferral’ of Greece a Dangerous Precedent – Got Gold?
May 9, 2010 by Editor · Leave a Comment
What do individuals do to protect themselves from sovereign debt defaults, rampant growth in the money supply and currency devaluation stemming from inflation or hyperinflation? Quite simply, anyone’s priority safe haven protection is precious metals. Gold and silver in the form of bullion and select precious metals mining stocks should be the go-to investment of choice. There is no better protection available. Words: 1153
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