Federal Reserve Chairman Ben Bernanke continued the Fed’s war on and destruction of American savers and retirees last week with a continuation of Operation Twist. He will keep shuffling the same money piles back and forth to continue the charade that it is doing something constructive for the American people. But the truth is much different.
Not once in the 30 years that I have been researching the markets have I witnessed the troubles that the world now faces: a stock market slide, falling gross domestic product, rising unemployment and waning confidence.
Wall Street’s ignorance was on full display this month when Warren Buffett’s top investment advisor Charles Munger explained that gold is a useless relic. Munger thinks people should either be facing a Nazi occupation or else be as stupid as a caveman in order to purchase gold.
Even years after his death, the Roman Senate continued to cry “Hannibal is at the gates,” using the peoples’ fear of Hannibal exactly as the U.S. government and its lapdog politicians today use the myth of terrorism. We are sacrificing liberty for “security” because of the created, imagined threat of terrorists.
There are still people around who are wondering “if” or “when” the American dollar is going to collapse. But I can tell you that there is no if or when; the collapse of the U.S. dollar is happening right now. The depression it is causing is highly visible. The people are already in the streets: in the United States and around the world.
I read an on article on the devaluation of the dollar (The Bob Livingston Letter™, September 2011) in which you mention alternatives to the dollar. You mention the Swiss franc annuity. Can you elaborate as to how it works and how one would go about to obtain this type of annuity?
The U.S. economy is in gradual collapse and has been now for several months, along with Europe and most of the world. In the United States, it is common knowledge that bankruptcies are widespread and occurring daily. Almost 46 million people are now on food stamps. No telling how many really are, as government statistics are totally unreliable.
Even at these prices, I like physical gold as an investment. I prefer bullion to gold stocks. Everyone who has ever owned an ounce of gold wonders how to store it safely. I have experienced a search for missing gold; it was a nightmare.
Just finished reading your book, “Surviving a Global Financial Crisis and Currency Collapse.”
Absolutely great information much of which I read before elsewhere.
One question comes to mind in your comments on buying gold bullion. You never mentioned “salted gold” and how prevalent it is in the open market?
Curious about your response.
Clayton L. Egeness
Private owners of Greek bonds saw their investments halved yesterday. Devaluing the currency is the modus operandi of the elites as they reach into their bag of tricks to stave off collapse. It will be coming to America soon. They have no choice.