Loading ...Remember when Sinclair said gold was supposed to go to $5000 a few summers ago. Didn’t happen. Peter Schiff has been predicting higher interest rates for years. Didn’t happen. Remember peak oil and $200 a barrel. Remember the DOW falling to 5000. Remember all the pundits calling for a collapsing $US. I readily admit, these guys are all smarter than me, so what happened. I believe that Rob Kirby had it all pegged. He said that all markets are completely controlled and managed through the use of derivatives. We all believed that when they run out of bullion, the game will be over, but will it? Jim Willie claims that the COMEX has been out of gold for over two years and yet the price of PMs goes nowhere.
Its all a giant ponzi scheme and when they run out of new suckers, the game ends or so it is claimed. Yet this ponzi scheme will never run out of new suckers because the new suckers are not warm bodies, but electronic dollars. In the not to distant past it was believed that when the debt was unpayable, then the jig was up. But right now the debt is so large that it is unpayable, yet the markets keep trucking along. So what is stopping them from printing forever? Nothing. The economic pie doesn’t change in size, but your share does and its not bigger. So where does this all end? I don’t know but it doesn’t look good. Look around you, the masses haven’t caught on yet. When they do it may be too late. Some people say I am a doomer and maybe they are right. I hope I am wrong for all our sakes. I remember as a child in school being taught the bible and finding some of the stories hard to believe. What I see go on now makes them seem tame in comparison. I wish to take this opportunity to wish everybody here at the tent a Safe and Happy New Year!
NEW YEAR RANT
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