Economic Points of Interest

1. The next phase of problems will come about because of a loss of confidence in currencies themselves.

2. Regulators are totally ineffectual in dealing with what is occurring.

3. If we have a failure of Greek debt it will be catastrophic and you and I will pay. If Greece does not fail, we will have money printing (quantitative easing is the buzz word) to infinity.

4. China is actively seeking control of the resources of the world.

5. To balance the US balance sheet, gold would have to go to insane numbers. The mechanism is in place to drive gold to incredible numbers.

6. Sovereign debt is the next bomb to implode.

7. The only currency that will sustain what is coming is gold.

8. We are headed for a one world currency with a central bank of central banks. The world is going to change dramatically.

9. The individual states in the US, which are bankrupt in many cases, will be attacked next. Big money is already hugely short of state debt. Ultimately this will take down the US dollar as well.

10. A one world government is coming.

11. Hyperinflation is a loss of confidence in paper currency.

12. Gold is money without liability on the other side. It stands alone. Make your balance sheet as good as it can be.

13. Gold is an insurance policy.

14. Focus on simplicity in your personal life. Be focused, balanced, and go back to basics. This is not a time to get fancy.

15. Hold any stocks you happen to own in certificate form in your hand, and don’t lose the certificate. If you are a stock player, check out true custodial accounts. Make certain that your holdings are in fact yours and NOT on the books of the bank.  Direct registration is an alternative.

16. Expect mining company consolidations to greatly accelerate.

The Federal Reserve Bank has provided us a roadmap for gold to move to $2,100 and $4,500 and it isn’t that far off.  The global debt problem is as big now as it was in 2008.  If a default is declared that affects the credit default swaps, five major U.S. banks will go under as well as three Euroland banks.  This is why those in power are trying to avoid the legal trigger of “Default”.  We are extremely close to the  edge of financial mass destruction.  In an election year, do you think that the Fed will simply hold back printing of money?

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