Mental Training, Part 2: What to do When Experts Tell You “The End is Near”

All analysts aren’t created equal. 
Precious metals experts, though largely honest and helpful, are normal folks, just like you.  They provide valuable insights, entertaining content, and helpful guesswork, but those insightful guesses are not always correct.  In fact, lately they’ve been far more incorrect than correct, due to manipulation being cranked into overdrive.
Look, we all know that the big picture for the world financial and economic system is a terribly bleak one. We all know the Great Reset must come.  The entire world financial system is malevolent, built on fraud, and is, mercifully, unsustainable.
It has to end: but that doesn’t mean it has to end tomorrow.
So, with that in mind, here are some takeaways to hold onto, the next time you hear talk of “the end being near”.


Submitted by The Wealth Watchman

the end

Next Stage of Mental Training

There’s another crucial part to mentally preparing yourself for what lies ahead, if you’re to keep your sanity and peace during these price beat-downs in silver and gold.  Consider what’s about to follow just a dose of “tough love”, it may even be difficult for some to hear, but it must be said.  Yet, I will try to do so in a way that’s respectful, and even-handed.  So, with that in mind, here are some takeaways to hold onto, the next time you hear talk of “the end being near”.

Experts and Gurus

I’ve discussed somewhat before, about how one must tread carefully around the term ‘expert’.  It’s not that I see ‘expert’ as a dirty or patronizing word, on the contrary, I believe that being an expert in one’s field is generally a desirable thing.  It takes hard work, sacrifice, and study to establish yourself in a useful skill that you’re good at, or passionate about.  The pursuit of the title of “expert” is really a pursuit of excellence, and we must never look down our noses at the innate excellence of achievement.

That being said though, sometimes many people forget that these experts are just people like us. Right?  As I said in part 1 of this series, much of the time, when someone becomes frustrated and leaves the safety of precious metals, it’s because they focused on the right things in the wrong way, and make no mistake: there are many who have focused on precious metal gurus or experts in the wrong way.  What do I mean by that?  What follows underneath is an example of how not to focus on precious metal experts.

A Familiar Tune

“Wow man, have you heard the interview that USAThinkTank.com just did with Harry Sincloud?”

“No bro! I meant to listen to it, but I haven’t found the time yet.  What was it about?”

“Dude, it’s about to explode, the whole dang thing!  Everything’s getting too crazy out there, what with all the Eastern gold-buying, and the new Shanghai metals exchange opening up a few days early!  Sincloud said this is a sure sign that spells trouble for the manipulation game.  Big. Trouble.

“How big?”

Like$2,100 gold and $100 silver within 3 months kinda trouble!

“Whoa!  Are you serious?!”

“Man, you don’t even know!  Furthermore, he said Shanghai running low on precious metal inventory to deliver means that this manipulation game is history!  That the derivative fall-out will cause the dominoes of banks to go down by Christmas!

“Holy Star of Bethlehem!  That doesn’t give me much time!”

“It get worse man!  Much worse!  The bank failures will trigger bail-ins by New Year’s Eve, which will cause a bloodbath in the sovereign bond markets, microwaving any wealth that retirees had left in their IRA accounts!  Oh, and the Dow Jones? LOL, fuggedaboutit!”

“I gotta head to my local coin shop, and clean them out, but I was hoping I’d have time first to take out a second mortgage on my home, so I could max out my purchases immediately!”

“No man, this is the endgame!  It’s all over.  You don’t have time to do any of that stuff.  Just go get your affairs in order right now.  Oh! And keep your gas tank full, and plenty of toilet paper on hand!”

“Oh, trust me, I’ve got the toilet paper covered.  Remember three Thanksgivings ago, when Bax Morton warned of a global bond meltdown by the following Groundhog Day?  I emptied the shelves at Sam’s. Dude, they looked like they’d been hit by looters!”

“That’s good man, because this is THE.BIG.ONE. We’re talking complete breakdown and chaos!  Time’s up for these banks.  Our time has arrived!”

A Better Way to Focus on PM Experts

Does any of that sound even vaguely familiar?  Have you ever finished one of those lengthy interviews, and felt like this?

Baby scared

Yup, me too!

Not only has the rhetoric of “imminent” catastrophe gone on for years, but it seems to be ratcheting up more than ever.  After 3.5 years into this bank-induced, silver and gold price beat-down, it is frustrating to make the rounds on the internet, and still see so many in the precious metal community, give an interview, or write an article stating that they think the next Lehman must happen by next weekend.

Let me first say though, concerning the “Harry Sincloud” statements above:

I do want to thank so many of the precious metals commentators and experts in our community, even the Harry Sinclouds.  I believe the vast majority of them are completely honest, and are doing what they can to help others see the big picture more clearly.  If you think this article is being written to bash any of those men(many of whom spend dozens of hours a week, providing amazing content for free), then you’re mistaken.

Dissecting Fact from Opinion

On the contrary, you can and must learn from these people,I know I sure have.  I owe them a great deal.  They give generously of their time and their knowledge, and most of them do it for good and honorable reasons.  When listening to interviews like these though, there are a few things you must train yourself to do,  if you’re to keep your sanity during these long, protracted bank-rigging operations.

First, I always ask myself which parts of the interview are stated facts, and which are the expert’s opinions about those facts.

For instance, there were comments within that conversation concerning large amounts of Eastern gold-buying, and of silver shortages.  Those things are facts, as they’re verifiable and provable with a few Google searches, aren’t they?

There’s no doubt that much of what was discussed in that mock discussion are simply statements of truth, but much of the rest was just educated guesswork on what these facts might ultimately result in.  

The key for me each time I hear, “the end is near”, has been to ask myself a series of questions, questions that have helped me navigate all the opinions, and the likelihoods of each.  These questions might work for you, as well.

The very first question that I always ask is:

“Ok, I’ve got this precious information, now what should I do with it?” 

Usually this is answered by asking myself a few more questions, just like these:

  •  Is Sincloud right that this will lead to “the big one”, or not?
  • Will a shortage of silver in Shanghai lead to instant defaults and price spikes?  
  • What’s at stake here if that occurs?
  • Does the enemy know of this problem?
  • Would this be an easy problem for the bankers to paper over, or a hard one?
  • What actions are the banks likely to take in dealing with this problem?
  • How likely is the scenario that Sincloud mentioned, if the enemy both knows about it, and attempts to handle it?
  • If they can deal with the problem in the short term, what’s likely to be the outcome for now?
  • Even if the enemy cannot solve this problem, must the fallout occur right away, or can it be hidden for awhile?

You see?  Now I’ve been able to take both the facts and the educated guesses, and submit them to a line of reasonable questions.  Now I can think for myself, and formulate my own thoughts and educated guesswork.

Now, I’m empowered.

The Alternative of Not Applying Critical Questioning 

It does take a little discipline to do these things, but anyone can do it.  I’ve really had no other choice but to do them.  Make no mistake, brother, failing to do so in this upside-down world, filled with government-sponsored criminality, and financial market rigging to the stars and back, will steal your peace of mind.

There are other concerns though, about taking all these things at face value without questioning them on your own.

 

Have any of you ever gone to a friend or loved one, and told them to stock up on extra food, to buy silver and gold, or to prepare for turbulence because of interviews and articles like that?  Did you tell them precisely what you’d heard, and tried to warn them of very particular things taking place by a certain date…only to have that date come and go without incident?

If so, let me ask you a question then: what does that friend or loved one think of you now?  Do they listen to you now when you talk of the greater(truer) facts about economic deterioration and financial collapse coming at some future point?  Or do they just roll their eyes, and think “there he goes again”?

You see, there’s a price to pay, beyond the state of mind it leaves you in, for believing and passing along every tidbit of “the end” data: you will strain and even shatter all credibility in the eyes of those you’re trying so desperately to reach.

You may even be completely right the next time you go to them, and try to convince them to make needed changes in their lives.  You may have all the evidence behind you, and state your case with the eloquence and genius of someone like this:

Tesla_circa_1890

It doesn’t matter though, does it?

All they’ll be able to envision when they hear you, from now until the collapse really does occur, is this:

chickenlittle

Not just for your sake, but for the sake of others, be careful what you state and how you state it to them, regarding the great truths we know here.  Frame it in a way that will also empower them, or you might be forced to watch someone you love drown out the very correct and poignant things you have to say to them next time.

That’s not something any of us want to live through.  None of us are doing what we do to have a “gotcha”, or “I told you so” moment, are we?  We do it because we care.  So, let’s try to help those we care about, in such a way that might not leave them even worse off than they were before.

Conclusion

Precious metals experts, though largely honest and helpful, are normal folks, just like you.  They provide valuable insights, entertaining content, and helpful guesswork, but those insightful guesses are not always correct.  In fact, lately they’ve been far more incorrect than correct, due to manipulation being cranked into overdrive.

Look, we all know that the big picture for the world financial and economic system is a terribly bleak one. We all know the Great Reset must come.  The entire world financial system is malevolent, built on fraud, and is, mercifully, unsustainable.

It has to end: but that doesn’t mean it has to end tomorrow.

If we’ve learned one thing since 2009, it’s that the banks are truly powerful, and will fight “tooth and nail” to keep that power just a little bit longer.  They’ll fight to the bitter end to delay the Great Financial Reckoning.  We’ve underestimated their tenacity for too long, we shouldn’t go on making that mistake.

You cannot go through your days, simply waiting for the axe to fall at any moment.

Such thinking will sap your life away.  It will steal your joy.  It will paralyze and cripple you, rather than empower you, and that’s not what any good analyst should aim for.   

For instance, if I thought that the things I write about here in the Truth HQ, were causing any of you to live in fear, I’d shut this website down, and walk away.  I’ve always intended this to be a place to inform, to enlighten, and to enable you all to make wise choices based on the hard facts before us.

In times such as these, we must keep our wits about us.  The last thing that any of us should live in is a perennial state of fear.

Please don’t do it.

Yes, listen to these learned men and women, but remember: all analysts aren’t created equal.  Some are more educated than others.  Some are better at anticipating the enemy’s actions than others.  Most importantly though, some give analysis that is more conducive to critical thought, while others tend toward a style that simply engenders fear.

Figure out which is which for yourselves, and listen with a careful, unclouded mind.

To be Continued, in Part 3

-Wealth Watchman

Mexican LIbertad SDBullion