Jim Sinclair’s Commentary
All Western states, be that New York State or Greece, will be bailed out.
QE to infinity is omnipresent in the West.
I have always gotten a kick out these guys with words of "infinity". I assure the writer of this article that QE to infinity is not going to happen, unless the writer of the article is God or God-like to make that happen. Does the writer even know what "infinity" is? If a government can create credit, or pieces of paper, or even digits in a computer to infinity, well ancient Rome would have never fell.
It's really too bad people get caught up in the 70s and can't get out of the disco. "This ain't no disco" -Sheryl Crow Anyone looking for a repeat of the 70s is in for one rude ass awakening.
The last thing I would would want is shares of a hole in the ground sitting in Africa on the speculation that there might be some gold down there when this TSHTF, but that's just me.
Paradoxically, if you believe the Central Bankers can persevere through all of this, you DO buy gold. The Bankers can re-finance the system with a higher gold price (say $10,000 - $20,000) and a new credit pyramid can be built upon the ashes of the old pyramid.
ReplyDeleteif you do NOT believe the Central Bankers can maintain control, then you are right. "Gold" will be of little value in a world whose supply chains suddenly grind to a halt. In that case, you'll want food, water grid-independence. Income independence too. People laugh at the Mad Max crowd - but I'm really starting to wonder ... Who's going to buy this gold from me when no one has any money or food or water?
Better to invest in GETTING THE HECK AWAY FROM THE BIG CITIES ON THE COAST ASAP.
"Better to invest in GETTING THE HECK AWAY FROM THE BIG CITIES ON THE COAST ASAP."
ReplyDeleteBingo.
The people thinking this is going to end with them getting rich are in for a huge ass awakening.
Should be waterboarded
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