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Posted on 07/29/2014 8:22:41 AM PDT by SovereignSociety
Good find, thanks.
Explains the open borders policy. The future isn’t “us”.
The giddy CNBC Democrat cheerleaders loved the improved consumer confidence report this morning. However, If the GOP does not win control of the Senate, the market will sell off big time. That is the hope and change investors are optimistic about, and it better happen or we are doomed for two more very dreary years.
Michael Pento has broadly the same view: a 20% drop in stocks followed by QE4.
Which seems reasonable - however I wonder if the waters will be muddied by 'stealth QE': otherwise known as 'extremely heavy bond purchases by the Belgians'.
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
What does that mean for prospective homebuyers? Hold off until after the collapse?
I hate articles that set up the problem, and offer no solutions. The end result of the research is worthless without application.
The only reason that this economy is still creaking along is that the Federal Bank is propping it up. They continue to buy stocks and bonds. This is why the stock market keeps growing and growing. Eventually, even this help from the federal bank won’t help. Oh, there will be a crash, and the longer they try to prevent it, the harsher the crash. Here’s what I think this government will do, when the crash comes. 1) They will take all the IRA’s, and federalize it. They will “PROMISE” all those people a return of 3% to 5% of their money, along with their Social security 2) Confiscate all GOLD & SILVER from people that own them. (THEY ALREADY KNOW WHO OWNS THESE PRECIOUS METALS), and all they’ll do is take it. They will make it illegal again to own GOLD or SILVER. And we will be at the mercy of the government.
My understanding is that the Fed not only looks at tons of data (mostly of which is publicly available), but has many people on foot to see first hand what's really happening on Main Street, and to talk face to face with producers and consumers. It was this tactic that gave the Fed the edge on forecasting the economy and setting monetary policy.
Does the Fed not do this anymore? Or maybe the Yellen Fed thinks (feels?) it's no longer necessary.
“THEY KNOW WHO OWNS THESE PRECIOUS METALS), and all they’ll do is take it. They will make it illegal again to own GOLD or SILVER.”
Buying gold and silver was popular when everyone thought hyperinflation was just around the corner. Some would ask if the dollar is going to become worthless, why would the sellers of precious metals sell for soon to be worthless dollars?
Maybe you just gave the answer.
Obviously we need millions of uneducated illegal immigrants from third world countries.
Yeah, but, all we have to say/type is ‘bring back jobs now,’ in unison and we will be magically saved.
It will be a lot more than two. And what makes you think a Republican Senate will matter?
It only makes sense to buy a home for cash, which, of course, closes the market to most. Cash for a home now will likely leave you with a home that is worth less after a couple of years than the price you paid but you are not stuck with a mortgage on that price. I have no mortgage. My house is, indeed worth a lot less than I paid for it. I am happy that I own a home outright. I did not waste money. If I sell it I won’t get so much as I paid for it but what I get doesn’t go right back to pay off a bunch of bankers, not on my side of the deal, anyway.
If you are holding gold and silver during inflation, you sell just enough at a given time to buy, say, a month’s supplies and pay a month’s bills and do all your spending in one day or as fast as you can. Larger ticket items will go for a gold or silver “trade” probably in a burgeoning black market. Hard inflation always brings price and wage and everything else economic controls and spawns an instant and ballooning black market.
bump
“...the next big stock crash will start its first dramatic leg down between late 2014 and early 2015. Then the Fed will stimulate again… “
I think that the idea of stocks crashing after Republicans win big in the election is going to happen - manipulated by the powers that be (Soros, etc.). Just like happened right before Obama got elected. “Stocks fell today with investors realizing the trouble that will be coming with the newly elected republicans....”
While there is a lot of good information there are some flaws in the argument. The Federal Reserve is “forced” to print money because of the size of the Federal Government and out of control spending. It is the job of the Federal Reserve to promote economic stability. As long as the Chinese buy Treasury Bonds and the democrats obstruct economic reform than we will continue on our course until things change.
The author correctly points out the instability of Europe and China. When the Eurozone and China (relatively speaking) crashes our current levels of spending will be unsustainable. It will force a sharp reduction in the size and scope of government and social entitlement programs will have to end. Prices will plummet across the board. At this stage having the Federal Reserve will be vital in preventing a complete collapse.
The good news is America is better positioned to recover than any other nation. We will still be rich in rare materials and resources. We have (for the most part) an educated population and a developed infrastructure. A near collapse will allow us to purge the government of liberals and their Marxist programs. The herd of deadbeats completely dependent upon handouts will be “culled”. As the least unstable country in the world anybody looking to invest their money will look to America first.
It will be the mother of all economic corrections...
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