Submitted by Deepcaster:

Virtually all Western countries have allowed their Central Banks to implement Inflation-Inducing, Fiat-Currency degrading, Policies via, for example, The Fed’s QE-to-Infinity, the ECB’s outright Monetary Transactions, and Japan’s Debt Monetization. Thus consequent Superb Profit Opportunities arise in certain Inflation Assets. Real U.S. Inflation is already threshold Hyperinflationary at 9.82% per shadowstats.com.

This Debauchery of the $US weakens its Purchasing Power and thus increases Burdens on the agonized disappearing Middle Class.   The Bernanke claim that buying $40 billion per month in Mortgage Backed Securities would Stimulate the Economy and help the Housing Market is just a Fictitious Cover Story. In fact, it is just another Gift to the Mega-Banks who hold Underwater Paper, and to Wall Street which proceeded to rally on The Fed-sugared High.

Profit Opportunities, as well as pain, surely exist in all coming Crises-Inducing developments such as:

 

-        Inflation generating QE-to-Infinity and Eurozone Outright Monetary Transactions

 

-        Fiscal Cliff/Grand Bargain Negotiations

 

-        Debt Super-Saturation of most of the countries in the Developed World including the USA, Great Britain, and France, as well as the PIIGS

 

Refusal to confront, or worse, Denial of, the consequences of inevitable coming Crises in an understandable response, but neither constructive nor profit-generating.

 

Indeed, Denial virtually guarantees the Pain without the Profit.

 

A much more constructive response is to Profit from those Crises which one cannot ameliorate. Given the Crises which are surely coming, profit Opportunities abound. And thus we shall identify a few.

 

For example, Japan experienced a record trade deficit of JPY 1 Trillion in September! Japan, a country with a long history of Trade Surpluses, this third largest Economy in the world, is teetering, with its export sector collapsing. In part this collapse results from decades of massive and increasing and unsustainable government debt, wholesale Central Bank Bond Monetization, and a two decades old Zero Interest Rate Policy (sound familiar?!). And other Asian Tigers’ economies are contracting also, with Thailand’s manufacturing output down 13.7% Y.O.Y. and Philippines exports down 9%, for example.

 

All of the above will hurt the earnings results of Japan’s companies which rely on exports – selected short plays should be very profitable.

 

And the Eurozone presents similar opportunities.

 

“You don’t have to be an economic genius to understand that the perpetual uncertainty over the Eurozone’s future has led to a widespread freeze on industrial investment and development. Industrial production is collapsing at an accelerating rate, falling 7% year-on-year in Spain and Greece, 4.8% in Italy, and 2.1% in France.

 

“…the old cliché about kicking the can down the road is close to becoming no longer possible. Deferring the inevitable is only a political option so long as there is no immediate damage from doing so. But this is no longer true in the Eurozone… Doctors and teachers in Greece do not get paid anymore, and it is going that way in Spain, with regional governments surviving by simply not paying their bills. Government is destroying society, proving the falsity of the heretofore accepted belief (in Europe, anyway) that government makes society better. But then, anyone who has bothered to read Hayek’s The Road to Serfdom will not be surprised.

 

“What was not anticipated in Hayek’s masterpiece is the divided state that is emerging. Greece is part of a larger EU and Eurozone bureaucracy and cannot achieve statist ends by turning her citizens into serfs. The government itself is subservient to higher authorities and is now having that medicine applied to it by its peers. Every visit by the Troika (collectively the European Central Bank (ECB), International Monetary Fund (IMF), and the European Commission) screws the Greek government further towards its own serfdom.

 

“Keep in mind just one thing: Greece is utterly broke and cannot escape that fact. All of the posturing by the three Troika members is designed to avoid facing this reality. The political elite drive this party line and rigidly conform to it.

 

“…the ECB and other national central banks in the Eurozone are now Greece’s largest creditors and cannot take a haircut on Greek debt.

 

“This is cash for an economy that is tanking with its industrial production collapsing. Deposits have flown from the banks, which, without the ECB’s recycling of funds both through the TARGET2 settlement system and… debt as collateral, would themselves default. Tax revenues, insofar as they can be collected, are simply vaporizing.

 

“The concern, obviously, is that Greece is a dry run for Spain and Italy. It is also, as I argue below, a dry run for France, which is in terrible shape and deteriorating rapidly.”

 

“Europe Is Now Sinking Fast”

Alasdair Macleod, peakprosperity.com, 11/20/2012

 

 

That Eurozone “Leaders” continue to have more meetings and to repeat claims that the Latest Band-Aid Fix is The Solution, is not News, but is Reality, albeit unpleasant.

 

The Real News, not widely reported in the MSM at any rate, is that the Eurozone as we know it will not survive. This will adversely affect the Earnings of many, but not all of the companies which do business in or with the Eurozone.

 

Well-chosen, well-timed shorts should be most profitable.

 

And it is not just a matter of shorting companies which are vulnerable to the PIIGS economies. France’s Industrial Production, Employment Growth, and Business Confidence are plummeting. Why? Same reasons – a shrinking economy, higher taxes, and more and more residents eligible for government “benefits,” i.e. socialism come home to roost. The French Welfare State is running out of other people’s money.

 

And a long-standing relatively Open Borders Policy does not help France either. Low-skill migrants who come to France (or the USA for that matter) to share in that Welfare States “benefits” inevitably create a smaller piece of the pie for everyone, because the benefits received exceed the taxes paid by them.

 

Indeed, an Open Borders policy is a de facto form of socialism so far as low-skilled immigrants are concerned. In the U.S.A., for example, 37% of all immigrants, legal and illegal, are on some sort of welfare program (www.cis.org). And in addition, in many states such as California, low-skill immigrants get free medical care and free K-12 schooling for their children. And all these taxpayer-provided benefits greatly exceed the taxes low-skilled immigrants pay.

 

Moreover, virtually all of the countries mentioned above have allowed their Central Banks to implement Inflation-Inducing, Fiat-Currency degrading, Policies via, for example, The Fed’s QE-to-Infinity, the ECB’s outright Monetary Transactions, and Japan’s Debt Monetization. Thus consequent Superb Profit Opportunities arise in certain Inflation Assets (see Note 1, 2, and 3 below). Real U.S. Inflation is already threshold Hyperinflationary at 9.82% per shadowstats.com.

 

All the foregoing dramatically affect Earnings, Taxation, and Economic Recovery Prospects going forward. Given this context, notable for their Superb Profit Potential are Gold and Silver which have rallied lately and have shown remarkable resistance to being taken down off current levels.

 

Indeed, even with the recent mid-week Takedown, Gold has held stubbornly above $1700 and Silver above $33. The Cartel may take them even lower, short-term. But Gold and Silver are still in Rally Mode and still poised to launch up strongly.

 

And Key Technicals (e.g., Point & Figure Chart and Golden Cross) remain Bullish. And Gold is increasingly being used as money to circumvent use of Fiat Currencies such as the $US. Turkey, for example, is buying Iranian Natural Gas with Gold.

 

And Central Banks’ Gold purchases are still increasing overall.

 

And the Chinese New Year (February 10) Gold Buying Season approaches. Indeed, China’s Gold demand will exceed 1,000 tons by 2015, but China’s production will then be only 450 tons, according to the Chinese Ministry of Industry and Information Technology.

 

And Silver looks especially bullish with Strong Buyers appearing under $34 per ounce.

 

Thus a Significant Profit Opportunity exists in these Precious Metals and Mining Shares, but timing is important, especially for the mining shares, and we forecast timing in our Alerts.

 

In sum, if one has Courage for the Truth, the Truth about Economic and financial Realities, Real Statistics (as opposed to Bogus Official ones), and genuinely serious Impending Crises, then one is in a greatly enhanced position to Profit and Protect.

 

 

Best regards,

 

Deepcaster

November 29, 2012

 

Note 1: The $US dropped nearly 200 basis points at one point a few weeks ago. No surprise since the Fed’s U.S. Dollar-Destructive Q.E. to Infinity Action, coupled with the ECB’s Similar Action the week before, boosted the Euro vis-à-vis the Dollar, as we earlier Forecast. The very recent $US bounce does not change its long-term weakening long-term Trend.

This Debauchery of the $US weakens its Purchasing Power and thus increases Burdens on the agonized disappearing Middle Class.

The Bernanke claim that buying $40 billion per month in Mortgage Backed Securities would Stimulate the Economy and help the Housing Market is just a Fictitious Cover Story. In fact, it is just another Gift to the Mega-Banks who hold Underwater Paper, and to Wall Street which proceeded to rally on The Fed-sugared High.

Both the Continuous Commodities Index which show Average Annual Price Inflation of 15% and the Real Inflation Number (9.82% per year from shadowstats.com) reveal Serious Inflation is with us and it Intensifying.

And Especially Food Price Inflation.

To increase Yields, Farmers increasingly employ Fertilizer.

And a recent Reco – a Fertilizer Producer – was trading near its 52 week low at under 40¢ per share when we first recommended it. It has moved up nicely since we recommended you buy in. And, trading 45¢ per share as we write, it is still a Superb Opportunity.

To see our recent Buy Reco aimed at Profiting from the Fed’s Inflation Rocket, read Deepcaster’s recent Alert, “Buy Reco (under 40¢/share) to Ride Inflation Rocket; Forecasts: U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates, Gold, Silver, Crude Oil, & Equities,” recently posted in ‘Alerts Cache’, on deepcaster.com.

 

Note 2: The world’s population increases by over 200,000/day. That’s net births over deaths. That’s one heck of a large potential market increase for Goods and Services, provided that the increasing population has the Purchasing Power to acquire the goods and services they need and want.

 

Since not all desired goods and services can be acquired, people have to prioritize. Thus some goods and services get bought and others not.

 

Our recent High Yield stock recommendation last week makes a product essential to a Sector which is the very top priority when it comes to purchasing decisions. And its recent yield is 8.8% to boot.

 

And perhaps best of all it is very well situated to be profitable regardless of general economic and financial conditions, including the aforementioned Crises.

 

[And for those very sophisticated Investors who like to sell covered calls or naked puts, the high option premiums on this High Yield Recommendation could make that very lucrative.]

 

And we issued a Markets Warning recently regarding a substantial impending Market Risk for Traders and Investors.

 

To see our High Yield Recommendation and Market warning read our recent Alert “8.8% Yield in Top Sector Reco; & Markets Warning! & Forecasts: U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates, Gold, Silver, Crude Oil, & Equities” posted in ‘Alerts Cache’ at www.deepcaster.com.

 

Note 3: There are Magnificent Opportunities in the Ongoing Crises of Debt Saturation, Rising Unemployment, Negative Real GDP growth, over 9.0% Real U.S. Inflation (per Shadowstats.com) and prospective Sovereign and other Defaults.

One Sector full of Opportunities is the High-Yield Sector. Deepcaster’s High Yield Portfolio is aimed at generating Total Return (Gain + Yield) well in excess of Real Consumer Price Inflation (9.82% per year in the U.S. per Shadowstats.com).

To consider our High-Yield Stocks Portfolio with Recent Yields of 10.6%, 18.5%, 26%, 15.6%, 8%, 6.7%, 8.6%, 10%, 14.9%, 8.8%, 10.4%, 15.4%, and 10.7% when added to the portfolio; go to www.deepcaster.com and click on ‘High Yield Portfolio’.

  1. Thanks for wasting my time reading all this stuff I already know just to end up with a ridiculous stock sales pitch at the end. Why would this garbage be considered for inclusion on this site?  If I waste much more time on here reading this type of crap I will not be coming back. While I am ranting, the site can be improved by not including Brother John and his ‘news’ that is never nothing new. If I wanted to listen to that idiot I would subscribe to his boring commentary.

    • Hi. I agree. However, I think the sources and stats are the price for admission. Although his conclusions and selective info is missing much, there are some nuggets.

      All he describes is our fate as our handlers dictate. Not much there. Anything we do to build wealth can be taxed or nationalized eventually. 

      Here is the story. posted in part or whole for discussional purposes only

      Post-US world born in Phnom Penh
      By Spengler 

      It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world’s population, would form a Regional Comprehensive Economic Partnership excluding the United States. 

      President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn’t. The American led-partnership became a party to which no-one came. 

      Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand, will form a club and leave out the United States. As 3 billion Asians become prosperous, interest fades in the prospective contribution of 300
      million Americans – especially when those Americans decline to take risks on new technologies. America’s great economic strength, namely its capacity to innovate, exists mainly in memory four years after the 2008 economic crisis. 

      A minor issue in the election campaign, the Trans-Pacific Partnership initiative was the object of enormous hype on the policy circuit. Salon.com enthused on October 23,

      This agreement is a core part of the “Asia pivot” that has occupied the activities of think tanks and policymakers in Washington but remained hidden by the tinsel and confetti of the election. But more than any other policy, the trends the TPP represents could restructure American foreign relations, and potentially the economy itself.

      As it happened, this grand, game-changing vision mattered only to the sad, strange people who concoct policy in the bowels of the Obama administration. America’s relative importance is fading. 

      To put these matters in context: the exports of Asian countries have risen more than 20% from their peak before the 2008 economic crisis, while Europe’s exports have fallen by more than 20%. American exports have risen marginally (by about 4%) from their pre-2008 peak. 

      Exhibit 1: Asian, European and US exports 

      China’s exports to Asia, meanwhile, have jumped 50% since their pre-crisis peak, while exports to the United States have risen by about 15%. At US$90 billion, Chinese exports to Asia are three times the country’s exports to the United States. 

      After months and dire (and entirely wrong) predictions that China’s economy faces a hard landing, it is evident that China will have no hard landing, nor indeed any landing at all. Domestic consumption as well as exports to Asia are both running nearly 20% ahead of last year’s levels, compensating for weakness in certain export markets and the construction sector. Exports to the moribund American economy are stagnant. 

      Exhibit 2: China’s exports to Asia vs USA 

      Source: Bloomberg 

      In 2002, China imported five times as much from Asia as it did from the United States. Now it imports 10 times as much from Asia as from the US. 

      Exhibit 3: Chinese imports from the US and Asia 

      Source: Bloomberg 

      Following the trade patterns, Asian currencies began trading more closely with China’s renminbi than with the American dollar. Arvind Subramanian and Martin Kessler wrote in an October 2012 study for the Peterson Institute:

      A country’s rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies tracking it implicitly or explicitly. For a sample comprising emerging market economies, we show that in the last two years, the renminbi (RMB/yuan) has increasingly become a reference currency which we define as one which exhibits a high degree of co-movement (CMC) with other currencies. 

      In East Asia, there is already a RMB bloc, because the RMB has become the dominant reference currency, eclipsing the dollar, which is a historic development. In this region, 7 currencies out of 10 co-move more closely with the RMB than with the dollar, with the average value of the CMC relative to the RMB being 40% greater than that for the dollar. We find that co-movements with a reference currency, especially for the RMB, are associated with trade integration. 

      We draw some lessons for the prospects for the RMB bloc to move beyond Asia based on a comparison of the RMB’s situation today and that of the Japanese yen in the early 1990s. If trade were the sole driver, a more global RMB bloc could emerge by the mid-2030s but complementary reforms of the financial and external sector could considerably expedite the process.

      All of this is well known and exhaustively discussed. The question is what, if anything, the United States will do about it. 

      Where does the United States have a competitive advantage? Apart from commercial aircraft, power-generating equipment, and agriculture, it has few areas of real industrial pre-eminence. Cheap natural gas helps low-value-added industries such as fertilizer, but the US is lagging in the industrial space. 

      Four years ago, when Francesco Sisci and I proposed a Sino-American monetary agreement as an anchor for trade integration, the US still dominated the nuclear power plant industry. With the sale of the Westinghouse nuclear power business to Toshiba, and Toshiba’s joint ventures with China to build power plants locally, that advantage has evaporated. 

      The problem is that Americans have stopped investing in the sort of high-tech, high-value-added industries that produce the manufactures that Asia requires. Manufacturers’ capital goods orders are 38% below the 1999 peak after taking inflation into account. And venture capital allocations for high-tech manufacturing have dried up. 

      Exhibit 4: Venture capital allocations for export-related industries collapse 
      (March 2003=100)
       

      Source: National Venture Capital Association 

      Exhibit 5: US capital goods orders nearly 40% below 1999 peak in real terms

      Source: Bureau of Economic Analysis 

      Without innovation and investment, all the trade agreements that the Washington policy circuit can devise won’t help. Neither, it should be added, will an adjustment in exchange rates. 

      It is hard to fathom just what President Obama had in mind when he arrived in Asia bearing a Trans-Pacific Partnership designed to keep China out. What does the United States have to offer Asians?

      It is borrowing $600 billion a year from the rest of the world to finance a $1.2 trillion government debt, most prominently from Japan (China has been a net seller of Treasury securities during the past year).
      It is a taker of capital rather than a provider of capital.
      It is a major import market but rapidly diminishing in relative importance as intra-Asian trade expands far more rapidly than trade with the United States.
      And America’s strength as an innovator and incubator of entrepreneurs has diminished drastically since the 2008 crisis, no thanks to the Obama administration, which imposed a steep task on start-up businesses in the form of its healthcare program. 

      Washington might want to pivot towards Asia. At Phnom Penh, though, Asian leaders in effect invited Obama to pivot the full 360 degrees and go home. 

      Spengler is channeled by David P Goldman. His book How Civilizations Die (and why Islam is Dying, Toowas published by Regnery Press in September 2011. A volume of his essays on culture, religion and economics, It’s Not the End of the World – It’s Just the End of Youalso appeared last fall, from Van Praag Press. 

      (Copyright 2012 Asia Times Online (Holdings) Ltd. All rights reserved. Please contact us about sales, syndication and republishing.)

       

    • I have to agree that these types of news are only repetitive since we already know about them. But, it’s still good that we learn these regularly which will allow us not to forget about these information. 

  2. “All of the above will hurt the earnings results of Japan’s companies which rely on exports – selected short plays should be very profitable.  And the Eurozone presents similar opportunities.

    What an absolutely vacuous statement to make.  Shorting the right stocks can be profitable?  Well, yeah, ya think?  This is no different from telling people to “only buy stocks that go up”.  Well no, s***, Sherlock!  Buying that which is going up and shorting that which is going down IS how money is made in the stock markets.  Now, tell us something that is of at least some use… like WHICH ones!

    “Keep in mind just one thing: Greece is utterly broke and cannot escape that fact. All of the posturing by the three Troika members is designed to avoid facing this reality. The political elite drive this party line and rigidly conform to it.”

    Something else to keep in mind is that the EU / ECB / IMF all have the very same mission and that is to wring maximum profits from Greece until the whole country is a totally decimated husk and to protect the profits of the banks dumb enough to loan a country far more money than they can ever repay.  Their mission has zero to do with “saving Greece” or “saving the EU”.  That is only their stated policy, not their actual policy.  Greece is in desperate need of the Iceland solution to predatory banksters, and sooner would be MUCH better than later or not at all.

    “The Real News, not widely reported in the MSM at any rate, is that the Eurozone as we know it will not survive.”

    Yet another blinding revelation.  Uh, no, not actually.  Any number of us have been predicting this for the past 2+ years.

    “The French Welfare State is running out of other people’s money.”

    Indeed it is, so what do the silly bastards do?  They elect a socialist president who will accelerate the disaster that is French socialism.  Could not happen to a more deserving group, IMHO.  

    Meanwhile, back in DC-USA, our own socialist-in-chief is doing all he can to make the USA more like enlightened France.  Gee… thanks.  :-(

    “And in addition, in many states such as California, low-skill immigrants get free medical care and free K-12 schooling for their children. And all these taxpayer-provided benefits greatly exceed the taxes low-skilled immigrants pay.”

    Yes, and the US Gov actually advertises in Mexico for people to come here and get these freebies.  Oh, and don’t forget to vote for your local, regional, and national Demoncraps who brought you this wonderful program.

    Finally, I must say that back in the day when American children were actually educated, rather than indoctrinated, we had to learn how to use the English language correctly.  Part of that training was in the use of conjunctions to actually “conjoin” two phrases in the same sentence and NOT as the start of a sentence. Words mean things and if we are all to understand each other, it is helpful if we use them in the same ways; which is to say properly.  Had I written an essay that began several of its sentences with the word “And”, I would have been smacked on the back of the head with a ruler.  I would have deserved it but would not have needed a second smack.

     

     

    • Bring the military back and put them along the Mexican border. Someone climbs the fence they get shot. Illegal immigration would drop fast.

    • It’s not their fault if they are brainwashed and it’s due to the education system and the mainstream medias. These days, most of the kids are only too busy with their gadgets, fashions, etc. The good thing is that all kids aren’t like that! :)

  3. Get a life. No one asked you to read it or forced you to read it. Likewise Brother John. However I do want to listen to Brother John. So is my fondness for his work not as important as your disinterest?

    Feel free to comment. 

  4. A recent Mauldin take on the US Dollar was telling as Argentinians scrambled to exchange their currency for the USD.  That’s not exactly climbing on a fully equipped  life boat but it does speak volumes about the Argentinian crisis. 
    BOJ is also fully on board in the rush to the life boats
    Those in the know are scrambing to exit the US Dollar to gold and silver, preferring a more stable platform on solid ground.
    I see the USD along the lines of a very much over-the-hill actress.  She can still hit her marks  and knows her lines, even if they are time worn and decades old. Those who still seek to cozy up to the Grande Dame do so either to see if her reflection will cast a bit of light on them, something like seeking the glow of a dead mackerel shining in the moonlight. Ignore the smell and you might find a bit of illumination.
     Others snuggle up to her to siphon off a bit of her fortune, depleted as it is.  If you don’t mind trading your soul for a few sheckels, as many of the Mooch Class are willing to do, that might last a while,or until the old bird gives you the boot.  Don’t get me wrong, I’m not comparing the USD to Betty White either. That lady has more life in her that people half her age. She’s auctioning off a date with her. Starting bid is $1,000.
    The USD is on life support and shows it.

    Continuing Maulin’s theme on to mine, investing in the Fed’s US Treasuries was compared to putting cash in the mattress.  As sorry a thought as it is, the mattress is eminently preferable to US Bonds,  the income of which is .25% of inflation.  The UST’s a bubbling  Ponzi cesspool of outright theft and ineptitude used to further national debt  slavery with an end result of perpetual war and entitlements to those with their hands out.
    Cash in the mattress sounds better and better, if one has some PMs under the bed.
    If you have your phyzz ‘under the mattress’ you go a long way to securing your future as well as that of your kids and grandkids.  Right now, under GAAP accounting rules, the USA faces about $220 trillion in  claims  over the next 20-35 years.  That’s not just speculation. It’s basic math and these numbers make the Fiscal Cliff look like  penny ante poker. 
    This is what the next two generations face and there is little that we can do about this.  The government will  either default on these obligations signed by corrupt, foolish politicians or inflation will be unleashed, and unleashed intentionally, upon the land. What we are seeing now is a foretaste of what’s coming. 
    Our government, like all ruling classes, will SEE TO THEIR OWN INTERESTS.  The interests of the people are never factored into the interests of the ruling class.  The only thing that will coming from them is debased FIAT currency flowed to the people to keep them at bay. This strategy can be front run for decades.  If you look back over the last 40 years and $16 trillion in new debt, the cost of keeping us from the ramparts was modest compared to how much it will take to keep the people down when inflation hits 25%.  Then things will get serious.
    I don’t like to tell people what to do. I might offer advice and let those who listen make their own decisions.  My suggestion is that if you are accumulating precious metals, along with other valuable hard assets, think of them as an intergenerational legacy of truth, faith and trust in something far larger than any government.  So long as the government can’t RFID your kid or your phyzz, you’ll be able to keep these valuable assets and what they represent completely off the radar and pass them on to your progeny. 

    • “I don’t like to tell people what to do. I might offer advice and let those who listen make their own decisions.  My suggestion is that if you are accumulating precious metals, along with other valuable hard assets, think of them as an intergenerational legacy of truth, faith and trust in something far larger than any government.  So long as the government can’t RFID your kid or your phyzz, you’ll be able to keep these valuable assets and what they represent completely off the radar and pass them on to your progeny.”

      VERY well said, AG, and I agree 100%!  I also do not like telling people what to do even when the path to success is quite clear… to me, anyway.  What I do tell them is what I am doing and why.  This gives them the info they need to consider in the light of their own personal situation.  It is surely no secret that our country is being run by a gang of incompetents who seem to be doing their very best to muck things up or that the US dollar has lost a HUGE amount of its buying power under their care or that putting wealth into the things that cannot be mucked up by government incompetence makes perfect sense.  All that said, it is then clear that in order to maintain one’s wealth, one MUST be ready, willing, and able to defend it… with deadly force, if necessary.  As a citizen of the USA, I will obey any and all lawful laws but I am not prepared to give away the Constitutional rights that so many of our people have shed blood to defend.  If the law is legal but repugnant, then I will work as hard as I can to contribute to having it legally over-turned.  I appreciate the law and the protection that it yields but will not have it used against me as a weapon for the destruction of Constitutionally guaranteed personal liberty.

    • NO WAY I’m going to let someone or the government to put an RFID chip in my body. I am a human being and not an animal to have a tracking device on me. As for the physical gold and silver, I will be holding for a long time! Probably for 50 years but it depends on the economy’s situation.

  5. I’ve heard somewhere that the annual inflation rate should be at 50% or higher so that the currency can be considered as hyperinflation. The middle class is disappearing so in the future, there will only be rich and poor people. I wonder how the others of my age will manage themselves in the future.

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