much pain have cost us the evils that have never happened."
~ Thomas Jefferson
the many economic threats in the news today really is a waste of
time. So many people come up to me depressed, concerned and frozen
into a total inaction and paralysis about domestic politics, foreign
affairs, the dollar and the debt saying what are we going to do?
My answer is
to quit worrying, take sound preparations and then get on with your
life. Every generation and nation have had their trials and tribulations,
success and failures and although today looks eerily like the 1930ís,
this too will pass.
been retired from individual consulting for some time (still work
with corporate clients) I receive a large number of inquiries from
readers and former clients as well as current conferences attendees
and they all ask what is going to happen? Will the dollar and US
sovereign debt crash, what about the European Union and their problems,
gold, oil and the scary situation in the Middle East?
ask whether congress or the US political system will get their act
together "they know the answer" and except for the Ron
Paul campaign everyone has basically given up on government solutions
to the threats facing us today. The real underlying question from
everyone is simply "Is everything going to be all right?"
A simple answer
is despite positive assurances from Wall Street, Washington and
the EU or the negative forecasts from doomsday prophets, no one
really knows. While all the experts have opinions, as this is what
experts are paid to do, the western world is dealing with such a
complex series of problems now all at once, we really are in uncharted
First of all,
I really donít know what will likely happen over the next 12 months
and neither does anyone else. Most investors and advisors have made
good money betting against the dollar buying gold, mining stocks,
oil futures and investing outside the dollar over the last few years.
Although I really like gold stored outside the US in programs like
Global Gold I urge investors to be careful in the short term adding
dramatically to these positions right now. The serious EU sovereign
debt crisis could in the near term strengthen the dollar because
US bonds are still perceived by many as a safe haven reserve if
the euro really tumbles.
As a contrarian
I believe if the PIIGS return to their national currencies, this
could actually benefit both them and those northern European nations
remaining in the euro. While a win/win situation for individual
nations this would be catastrophic for the banking elites and they
seldom lose and why I believe the banks and EU politicians will
do their best to keep every nation in the EU. This would create
the worst possible outcome for the sovereign debt crisis.
But just because
some advisor was right about the fall in the dollar or rise in gold
or oil doesnít mean they will be right the next time. In fact, back
when I was in the investment business I often discovered that the
worst decisions were to pick investment groups, advisors or funds
that had done the best the previous year and the best choice was
to pick the worst performers.
My advice is
to legally diversify much of your wealth outside your home country,
currency and the political leeches running everything and then live
your life. It is apparent in Greece, Italy, Germany, and America
as well as throughout the West that individual citizens have lost
control of their governments and establishment politicians.
If you want
to know what will happen in the US, just watch the mega-bank bailouts
in Europe and the forced austerity measures on the already bankrupt
PIIGS and their citizens, this is our future. Forget what the politicians
promise, the financial experts say or the establishment news propaganda
as the tide of wealth confiscation will also sweep the United States.
The Federal Reserve and central bank cartels have created too much
fiat money and the politicians have borrowed too much sovereign
debt to buy votes and they will steal your wealth to prop up the
governments, banking elites and political establish.
Thing Is Gonna Be All Right
Yes both Europe
and America are facing some hard times but it is time to quit worrying
and take action if you havenít diversified your portfolio and wealth
in true safe haven jurisdictions. If youíve already done this properly
and I believe most of you have then hold to your current strategies
and get on with your life. Living is far more than fake politics,
stock markets, gold and worrying about movements in your portfolio.
If you have prepared properly for what is coming, then relax, watch
world affairs but donít despair. Listen to a little Bob Marley and
know that every thing is gonna be all right.
I really like
Bob Marley and his song, Three
Little Birds, "Don't worry about a thing, Cause every little
thing gonna be all right.
Now our politicians,
the Federal Reserve, EU experts and the financial media have been
telling Americans to spend and not to worry that everything is in
fact going to be all right since 2006. To date they do have a 100%
track record of being wrong on every pronouncement so far but eventually
theyíll get something right because even a dead clock is right about
the time twice a day.
economy even after multiple trillions of "pump priming"
and new debt on future generations is still limping along at a fabricated
growth rate of around 1% annually. If they are going to lie, Washington
should at least "man up" enough to falsify the numbers
far more to really make the economy look good to the idiots around
because intelligent Americans never believe government statistics
and propaganda anyway. Everyone knows the financial establishment
is in business to defend and protect Wall Street and the banks so
everything from them is suspect. Frankly, the only reason there
is some negative factual information on CNBC and Fox Business is
because people can read alternative opinions and views on alternative
media on the internet.
Yes, the doomsday
promoters are daily ranting about economic and dollar Armageddon
and how you must act today to avoid the total loss of your wealth
and liberties. While the establishment propaganda provides a relentless
contrary opinion suggesting now is the stock and bond market buying
opportunity of a lifetime. As an investor should you follow the
latter-day "The End Is Nigh" crowd or the "Happy
Days Are Here Again" refrain?
What Iím Watching Very Closely Right Now
the Super Committee Failure Cause Another US Debt Downgrade?
were supposed to come up with $1 trillion plus in cuts for the
US budget. Actually the cuts would have been faked anyway as
they were cutting planned budget increases not actual cuts but
they canít even accomplish this. My concern is rating agencies
may again reduce the debt safety rating of the Washington sovereign
debt and this could dramatically cut stock market values and
in the long run raise US interest rates and borrowing costs.
On the bright side, no one really expected them to act and this
will result in automatic cuts over the next 9 years but this
will not begin until after the election in 2013. Basically nothing
will happen in reducing the budget and our debt will be continually
Israel Attack Iranian Nuclear Sites & Create $200 Oil &
the chances of a new Middle East war, oil disruption and prices
rise to $200 a barrel causing another world economic crash? Today
Israeli Defense Minister Ehud Barak said "The time has come
to deal with Iran" and he refused to rule out military action
Second Revolution Beginning Now?
weekend, anti government protests began to increase in scope
and intensity. While the protesters rightly fear the army will
not allow a civilian government to have real power as much of
the army leadership are just holdovers from the Mubarak regime,
this could provide a real opening for radical groups. The people
of Egypt certainly deserve better than what they have but this
could really destabilize the region especially if Israel attacks
Europe, the Middle East and even in America, citizens are getting
more radicalized on the right and left due to the collapsing
economy and deep recession created by the monetary elites, politicians
and central banking cartel. The EU and coming American austerity
measures and government wealth confiscation actions could cause
the people to rebel against existing political institutions
are angry as they should be but look at the consequences of
a similar period in the 1930ís. All governments will crack down
on demonstrations and rebellions against those in power and
government institutions that failed the people. Police especially
in Egypt and the US appear to be over reacting. This is not
good because when the people grow to oppose law enforcement
even when justified, law and order can break down.
Debt Contagion Is Infecting Even the Strong Nations of Europe
Now we see
a growing number of European banks dramatically increasing their
rate of de-leveraging and interest rates even in France and Belgium
are starting to rise. If the firewall around the sovereign debt
of Italy fails then the entire continent will likely be thrown
into a prolonged recession and debt crisis as rising interest
rates and falling bond prices jump the Atlantic to the final western
redoubt of stable government bonds, the United States. This is
what everyone fears most, no place of safety in the West.
of the MF Global Collapse
many friends and business associates that utilized the services
of MF Global for commodity hedging and investing. This was the
largest commodity broker in America before their collapse and
investors have been unable to even get an accounting much less
any of their money out of the firm so far.
asking if I canít put my money here and it be safe due to the
supposed regulatory oversight of the US, then where will it
be safe? Second some very respected financial journalists are
beginning to seriously question if this bankruptcy was a deliberate
attack against those making money speculating against the dollar
and favoring gold? I donít know but read this essay today on
Global: Was It A Hit?" and decide for yourself.
As we approach this Thanksgiving holiday in the United States I am
going to give thanks for being born in America and redouble my efforts
to restore my nation to the position of respect, freedom and limited
government for which it once led the world. Part of this means safeguarding
my wealth from the many threats growing around the world today as
my children arenít going to have the opportunity I had during my working
Iím also going
to watch and continue to write about the threats, opportunities
and solutions as I see them but I refuse to allow the difficult
times we face today to get me down. Like many of you, Iíve structured
an appropriate amount of my investments outside the dollar and the
US financial system. I believe that the important gifts of life
including family, faith and personal liberty will continue regardless
of how destructive our adversaries are and what they have done to
the world economy.
I will remain
watchful and vigilant and continue to defend my liberties from those
out to destroy everything I hold dear. But Iíve prepared as you
have and believe "Every Thing Is Gonna Be All Right" because
Iíve prepared instead wasting my time worrying about the future.
On this at least I agree 100% with Bob Marley and this is my message
worry about a thing,
every little thing gonna be all right.
"Don't worry about a thing,
every little thing gonna be all right!"
up this mornin',
with the risin' sun,
by my doorstep
pure and true,
("This is my message to you-ou-ou:")
"Don't worry 'bout a thing,
every little thing gonna be all right."
"Don't worry (don't worry) 'bout a thing,
every little thing gonna be all right!"