I really appreciate your accurate and concise points of view. I get so tired of the “talking heads”. This crisis, to anyone who will search their gut, knows it is the worst of our lifetime.
We have spent more as a nation in the last three months than for decades before. Our new national motto is pay off debt with more debit “AKA Bailouts a go-go”. If you can fog a mirror your “to big to fail”.
We have a nuclear Iran, terrorism like never before, and fincial debt that is astronomical! to compare this to anytime other than the 1929-1939 is pure nonsense and wishfull thinking. I prefer to be optimistic, but will never sacrifice truth for false optimism.
The constitution is all but dead, socialism is our new prefered government and we all see it. We just dont want to admit it…yet. We will soon see it as a nation, but by then we will be the “boiling frog” nice and warm.
All fiat currencys have failed and all will. Look at the Roman Empire, John Law, Weimar Republic, Argentina, Zimbabwe…ect. We are arrogant and spoiled, because we have the reserve currency of the world. Why is it China just announced it is selling some of its “treasuries” to buy another 5600 tons of gold? Concidence, I think not, folks we can be the ostrich as long as we want, but it changes nothing, above the sand the events continue regardless of false optimism below the sand.
When was the last time (in history) Social Security and medicare owed 50 trillion dollars? Not to mention the fact we have (Aborted) 50 million tax payers since 1973. Has that happened before? NO! When Have we spent 7 trillion as a nation to pay off debit(bailouts), with more borrowed money? Never! To act as if this is all somehow ok and will have no repercussions is foolish to say the least!
We will see Inflation like never before!!! Its a no-brainer, if you use common sense. Increase of currency, is the basic definition of inflation. What do you think, has the dollar been diluted? Dont listen to CNBC, use your “common sense gut feel” its worth more than any BS or PHD.
As Obama put it he will redistribute wealth. Amity Shlaes has a great book out, I recommend it to all Americans its called “The forgotten man”. It’s a great story about our last great redistributer, FDR. Here we go again, is about all I can say on that subject. Who is John Gault?
We are heading into historical times, I have spent many hours getting my Sons to understand that they are living in days that will be asked about, by the next generations. I have spent many hours discussing what got us here and why life is going to be different in the future. To think America can continue its glutinous consumerism at the worlds expense is foolish.
Back when we were advanced in technology, beyond the rest of the world, we had the upper hand (think Auto’s, Aircraft, Computers ect…) not any more. We now have equals on this planet, but our pride still abounds, GM is a great example, with the UAW they recieve $78 in wages and compensations, compared to the foreign manufactures which average $38 for each employee. Arrogance!!! the proud must fall, before the can become competitive again.
As a former Marine I see our military stretched like never before. Between Iraq and Afganistan we are extending soldiers tours of duty, to compensate, (not seen since vietnam). Recently we have called apon a battalion(20k) of soldiers to serve inside the US!! Why is this? I have NEVER heard of a time in the past where American Soldiers have had to serve and guard American streets. Can we Say “Posse comitatus”. Again go with your gut “not the fancy talkers”. Folks, a respected elder once told me, never trust a person more educated than you, when their telling you everything will be fine, rather trust your own self and history, Books and professors are the cause of alot of America’s issues.
These are my opinions and can be read an dismissed with no objection from me whatsoever. I have been wrong before, and honestly I hope I am here as well. Is it better to over prepare or under prepare? Extra food an Precious metals? How bad will they hurt you if I am wrong?? What if I am right?? Best wishes to all, Scott St.Aubin