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Franklin D. Roosevelt, the 32nd president of the United States said, “In politics, nothing happens by accident. If it happens, you can bet it was planned that way.”
Facts
I repeat,”In politics, nothing happens by accident. If it happens, you can bet it was planned that way.”
Follow this logical thought process.
Washington D.C. and Wall Street are filled with highly intelligent people who know that:
However, our “leaders” in Washington D.C. and on Wall Street pretend they believe the above nonsense about printing money to create wealth and employment, debt increasing without limit, and fiscally unsustainable policies continuing forever. Why? Perhaps there is an ulterior motive!
Implications
If another crisis is imminent, then consider what the next several years will do to:
Get back to basics! “If it happens (in politics), you can bet it was planned.” If intelligent people relentlessly pursue obviously unworkable financial policies down an unsustainable path, there must be an ulterior motive. Will you, as a middle-class American (European, Canadian) benefit from the consequences of that ulterior motive? Probably not!
Are you prepared? Read We Have Been Warned and Something for Nothing.
Counter-party risk could be devastating in the next financial crisis. If “B” owes you money and files for bankruptcy because “A” does not pay “B”, then you have counter-party risk that could be very costly. The value of gold and silver is NOT dependent upon a government or corporation paying a debt or fulfilling their promises. Gold and silver have no counter-party risk and will survive the next crisis.
The prices for gold and silver are dependent upon the total money in circulation (more money means higher gold prices), real (nominal rate minus inflation rate) interest rates (lower rates mean higher gold prices), and confidence or lack of confidence in governments and their fiscal policies. I rate gold and silver as healthy and safe investments and the bonds of various sovereign nations as increasingly risky. Would you rather own gold or government bonds from Greece (Portugal, Spain, Italy, United Kingdom, or United States)? Do you own enough gold and silver that you would feel safe in a financial melt-down?
If not, why not?
GE Christenson
aka Deviant Investor
Delivered by The Daily Sheeple
Contributed by Deviant Investor of Deviant Investor.
About Deviant Investor: I am a retired accountant who has 30 years of experience following markets, investing, and trading both futures and stocks. I have made and lost money during my investing career, and those successes and losses have taught me much about markets, timing, risk, inflation, and crashes. I currently invest for the long term, and I swing trade (in a trade from one to four weeks) stocks and ETFs. I offer opinions and commentary, but not investment advice.
Years ago I did graduate work in physics (all but dissertation), so I strongly believe in data, analysis, objective facts, and rational decisions based on hard data. I currently live in Texas.
2012-11-29 16:40:33
Source: http://www.thedailysheeple.com/back-to-basics-a-planned-crisis_112012