Tuesday, July 30, 2013
Don't be a lemming
So, we've been hearing from every corner that hyperinflation is imminent. That surely is possible but before you join the herd, think a bit concerning the people who are managing (manipulation?) monetary policy. I truly believe these are evil people bent on enriching themselves and they don't care who suffers or dies. Having said that consider this: the US money supply has been borrowed into existence. If there were no debt, there'd be no money. Period. Banksters want to win. Always. So, they don't want to hold debt that will be paid off in cheaper dollars because they are the losers and the little guy can win. This is an unacceptable situation. During inflation, dollars are easier for the little guy to get and, thus, he can pay off old dollars with new or, to sharpen the focus a bit, pay off expensive dollars with cheap dollars. For the banksters, ALL dollars are cheap because they are created from thin air. Is it possible that we'll see the central banksters begin to write off bad debt (perhaps massively) and thus contract the money supply? If that were to happen, suddenly dollars would be difficult to get, mortgages and secured loans of all types would be difficult if not impossible to repay and the REAL assets securing the loans would become the property of banks and finance companies. Dollars would deflate, making the dollar MORE valuable and it would trounce the competition for the status of the world's reserve currency. Don't ignore this scenario because it's possible. Is it likely, who knows? In light of who would win, what do you think? The evil central banksters want to relegate gold to insignificance and if the above were to happen, the price of gold would drop enormously. That would scare the people who bought gold and silver for the wrong reasons, i.e. as an investment. Those of us in the know understand that gold is disaster preparedness and still has lots of buying power in a severe deflation but if you're in the stock market and this happens, the crash of '29 will look like a major bull market. Be smart. Don't just believe everything you hear in the media. Do your homework. Heck, don't believe me without doing your homework. Keep in mind that, in the times we are facing, no one can win 100% of the time. My suggestion is to keep some cash buried somewhere and add to it regularly. Keep some gold and silver buried somewhere and add to it regularly. If you MUST invest, do so in some bonds for essential services like water and sewer and in some stocks that have paid dividends for years like utilities. Consider starting your own bank. Have a look here: Start your own Bank Stay tuned for more information as I discover it.
Subscribe to:
Posts (Atom)