RE:RE:RE:Old News Article Most of my comments are derived from just a few main sources which I find most informative. I tend to watch a lot of the interviews and comments from guests on CNBC ( Squawk Box ) and the Canadian version BNN. Also very informative for everyone online are the various articles and inteviews carried by " Kitco.com ".
First, allow me to state no one including myself has a CRYSTAL BALL that can see into the future. When I watch some interviews with high government officials or Company CEO's, I could swear they went to the same school Propaganda Minister Joseph Goebells attended. It seems no matter how bad the economic situation is in the U.S. all you are going to hear is how it is in a state of Recovery and things are forever slowly getting better. Hitler and Goebells preached victory was theirs right to the last day of the war when they finally killed themselves. Don't expect to recieve and hear anything less from Washington or American Big Business! both groups are fanatically devoted to their causes.
Q.E. to the tune of 85 Billion dollars a MONTH!! not only buys a lot of BONDS and Treasury Bills, I am here to tell you it also buys one hell of a lot of " SMOKE AND MIRRORS " to give the ILLUSION all is not that bad in the American Economy. I would like now to draw a comparison. I want you to picture the present and very real dire condition the City of Detroit has now found itself in. Once the flagship City of America it has fallen into a state of decline that is hard to believe unless you watch the various documentary programs that are periodically shown on Television. Detroit is a small scale example of America as a whole, however, Detroit was allowed to crumble into decay and now it has gone Bankrupt alltogether. I ask you what you believe Detroit would look like today IF there had been a " Q.E Plan " put in place to save it. With out a dout in my mind they there would have been enough money printed to prop up and make up for any losses do to failing busnesses and High unemployment ect ect. Detroit in short would not be the RUIN it is today the QE would have never allowed it to decay at all. You would go to Detroit and say what a lovely City it is and not realize in the least that it was a house of cards just propped up on printed money. America as a whole is no better off, America has suffered the same fate as Detroit but on a National Level. The main difference was America was not allowed to Crumble into the ground like Detroit because it would mean that Capitolism as practiced in the U.S.A had been as big a failure as Communisim was to the Soviet Union. Like Hitler and Goebells who hung onto their beliefs to the point they were prepared to see all Germany destroyed and then do themselves in, Here in America we have the same type of HARD LINE BELIEVERS in a system that is in need of very serious reform and Mr. Bernanke I believe stated in the past about QE that there would be NO LIMIT TO THE AMOUNT OF QE the FED was prepared to pump into this lifeless economy to give the appearence of some sort of normalicy. It has become very difficult for the average investor to desern between what is Propaganda to prop up the system and what is the truth. It has been suggest in the news lately that before Mr. Bernanke steps down that he will announce one more major policy move by the FED, this could be the reinstatement of the GOLD STANDARD and then you may see a large increase in QE as last effort to pump life into the economy. I am also going to predict that you will see the rise of Physical GOLD AND SILVER as a REAL SUBSTITUTE for FIAT CURRENCY, this use of GOLD AND SILVER will be used in a BARTER SYSTEM for the purchase of Goods and Services. We have been told by the Government for the last 5 years that the economy has been in a state of SLOW RECOVERY!. I ask all of you where ever you live in the USA to take a few minutes and consider the conditions of the economy where you are, does it really look like there is a RECOVERY of any kind going on? or are you seeing all the signs of DECLINE like higher unemployment through business closings, ever lower wages being paid even in jobs that used to pay quite well, do you see the rise in Five and Dime stores of all types in your area, have what used to be middle class businesses closed or shut down and when you look around do you see the RISE OF THE SECOND HAND THRIFT STORES that are constantly packed with people. Some of these observations should tell you whether there has been any RECOVERY in the economy.
Bottom Line: Are you prepared for and invested properly for the day ( which is soon upon us ) when 85 Billion Dollars a month of Smoke and Mirrors clears!
Post Note: I appologize to anyone whom may be offended by my point of view, however, the above matter is a serious one that needs to be debated amongst all those effected by content of my comments. GLTA!