I believe that a tsunami is coming in the financial markets. Central bank interference has generated currency wars and the Dow Jones Industrial Average (DJIA) has responded with new highs. Unfortunately those new highs are more of result of higher inflation rather than sound economic fundamentals. The DJIA has created an expectation that smooth waters are ahead. I believe the opposite to be true. Creating the illusion of economic recovery by misleading statistical reporting will only sustain perception until the public looks around and realize that they are worse off than ever before.
To create a housing recovery, keep foreclosed houses off the market.
To create a retail recovery, relax borrowing requirements.
To create consumer debt expansion, generate more student loans.
To create a perception of sound fiat currency, manipulate the gold and silver paper markets.
Central banks in other parts of the world are buyers of gold. They know the endgame of the U.S. dominated economic system. The Russians and Chinese are the major buyers of gold. That puts in a price bottom. I now expect $4,800 to be the next plateau for gold. This will drag silver up above $60-$100. Related stocks will skyrocket. I do not give financial advice but I personally buy gold and silver stocks based on my views, a little each month as I can afford.
Global interest have been rigged. Do you think the Fed did not know this was happening?
Global derivatives continue to be high risk. Do you think the Fed does not know this?
Laws are being changed to deal with civil unrest. Do you think those in power don’t see major turmoil coming?
Gun laws are being targeted when more people die on the highway everyday than by guns (by a wide margin). Why?
Use of the Military for domestic policing is moving toward reality. Why?
Use of drones for domestic spying is now gaining exposure. What are they expecting soon?
Bankruptcy laws were gutted to eliminate the jubilee for individuals thus favoring the financial institutions. This form of enslavement was a precursor to expectations of greater turmoil causing borrowers to default on their payments.
Whether you increase tax rates or remove tax deductions, the result is the same- greater tax revenue and less money to sustain life. The economic landscape has never been so convoluted as it is now. Do you really think that there is some silver bullet that will fix all of this? Only Our Heavenly Father has the capacity to deal with the coming economic tsunami. We should all draw nigh unto HIM.