A RETURN TO COMPLACENCY ON THE ECONOMY

Complacency has once again trumped fear in the good old USA as bogus economic reports are believed by the ever-gullible public. Without going into how the Government spins every statistic, the fact of the matter is that there is no recovery.

In fact, we are entering the endgame where ever-increasing and crushing global debt is being desperately fought by the world's central banks' printing of incomprehensible quantities of paper money. The result is a dangerous currency crisis where each country debases its currency in an effort to obtain a short-term advantage over the others in selling its exports. What they are producing, instead, is an intensifying inflation where only the rich can hedge their financial (paper) assets with real tangible assets i.e. gold, silver, diamonds, fine art, farmland etc. while the vast majority of savers, pensioners and retirees are devastated by an accelerating loss of purchasing power.

Here in America the people are being controlled by the criminal bankers, the corrupt politicians and their mainstream media puppets. Obama, the articulate and inspiring candidate, bears no resemblance to Obama the President who continues to surround himself with the very Wall Street individuals who trashed the financial system in the first place. And the Republicans continue to find new and creative ways to commit suicide with each passing day. There will be no help from Washington in an election year.

So, while Americans think the economy is getting better, it is important to understand that there are others who see the possibility of economic martial law, social unrest, a plunging dollar that ceases to be the world's reserve currency and a crashing bond market in our future. What do you think? My best guess (and I study these issues every day) is that we have until perhaps June to protect our financial assets. In any case, the old cliché of hoping for the best but preparing for the worst has never seemed so true as it does right now. Be a contrarian or be a victim. A long hot summer may be on the way.

February 19, 2012