I do not think the 'crisis' is over.
I think the worst is yet to come.
The trend is for the Dollar to keep going lower, and for gold and silver to keep going up. [see charts]
WHY dat is?
The current 'crisis' was caused by the Fed, Treasury, the World's Central Banks, and Wallstreet. Having caused the problem, they now profit by solving the problem...and they will do ANYTHING to keep us suckers from panicking! This includes LIE about everything, and breaking/wrecking the US Dollar.
- There has been chatter among our political class in Washingtoon about taking control of state pension funds lately and absorbing them into Social Security.
*One word: Argentina.
*One question: Who already skimmed all the cash out of Social Security? A: Congress.
In the 1980's Gov't stimulus money was measured in the millions; in the 1990's the billions; now we talk in trillions. See a classic PONZI scheme here?
- Soc Sec & Medicare=PONZI. Soc Sec benefits have just been frozen for two years (but fees for Medicare keep increasing...it's in even worse shape).
- 401K's=PONZI. As demographics age and oldsters are required by law to take money out (to pay the taxes that were deferred) it's going to be hard for markets to rise without fresh/new money coming in. Unless, again a la` Argentina, the Gov't beats you to your money and just takes it in exchange for some really swell IOU's! Piles of cash to politicians are like truffles to hogs...it drives them simply wild and they have to go for it!
No, we're not out of the woods yet. We have yet to see if the current "cure" will be worse than the disease...or if it will "kill" us.
I'd hope for the best and prepare for the worst.
- I was taught years ago: "Sweat now, or bleed later." This is still valid advice.
Tuesday 25 August 2009
It's not over.............from Rico
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I'm well ahead of you preparing for the worse.
That said, those idiots in DC have a plan. If you can call it a plan.
First they print more money, easy to do. Second they try and run gold up as high as they can. Easier.
Then they flat out tell China and the others that they owe that they will have to stretch out the payments and want a cheaper interest rate. NOT so easy to do.
Then as a last resort, they call upon all of the other countries to devalue their currency.
I don't think that they will do it.
All in all it will be a long drawn out debacle until Obama and the democrats are kicked out. Then we will see what the republicans (or a long shot third party) can do.
By that time the U.S. will be in really really bad shape, along with most Americans not only fed up but ready to revolt.
When you can't get around, get a job, go to work and feed your family, things that you would not normally even consider doing don't look so radical or bad.
Our Founders warned us about this situation but we have been blind, deaf and stupid for the last fifty years.
That is changing now.
Papa Ray
West Texas
The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed - where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees. However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once.
2009 Judge Alex Kozinski
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