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    2011 Predictions: Economic, Financial and Geopolitical Turmoil


    November 14th, 2010

    Comments (30)
    Read by 554 people

    This article has been graciously shared for your reading pleasure by Roger Wiegand, editor of the Trader Tracks Newsletter. You can find more of Mr. Wiegand’s insights, analysis and commentary at The Jay & Rog Blog (webeatthestreet.com). The following article was originally published at Kitco.com and has been republished in full with permission from the author.


    Part One Of Trader Tracks 2011 Predictions

    Between November 1 and December 15 we like to post our next years’ predictions for those markets and social situations affecting our trading and investing ideas.

    We previously forecast that both the stock and bond markets would sell-off for numerous fundamental reasons. Of course the timing and the amount of selling is front and center on everyone’s mind.

    Before we continue with our predictions it is important to review this email from our top advisor. He has been consistently correct in his forecasts and has brought me a great deal of insight regarding things I would have never considered. Consider this a fundamental back-drop covering the next several years. After this note, I will elaborate further on my forecasts and suggest some prospective dates for our trading and investing.

    Our Best Advisor Says It’s All Over.

    I’m not a pessimist but our top and best advisor who seems to be always correct offers the following.  If he is correct, and I suspect he is, we have a long slow Japan-style slog in the economic mud with a major system breakdown, like Russia’s bust-up some years ago. I suspect somewhere along the trail in this movie, the USA Sheeple go to pitchforks and torches. I sure hope not but it almost seems inevitable. What a shame that a few Marxists can do so much permanent damage to my beloved America. All political parties are guilty.

    “The midterm elections are anticlimactic and change nothing. In the short term, it makes no difference how many Congressional seats the GOP captures.  The Dumb-O-Crats have already won.  Since taking control of Congress in 2006, Hussein and his wrecking crew have jammed through more socialist legislation than all the past liberal agendas combined (had) ever hoped to accomplish.  It’s a done deed.”

    “If anyone thinks that changing the mix of Congress with more elected conservatives will fix things; (they are) dreaming. The new Congress will be just as clueless, incompetent, corrupt, and swayed by the lobbyists. The only priority will be to get re-elected, as usual. Any hopes and promises will be dashed by reality. The reality is any legislation that the new Congress passes to try to undo Hussein’s Marxist programs will be simply vetoed.  The GOP will not have the votes to over-ride a Presidential veto. This is a Dead-End.”

    “The Constitution gives the responsibility of appropriating funds to the House. They may be able to shut-off any additional funds for existing programs, such as Obamacare, etc., but the basic funding of those programs is already the law of land. Control of the Federal purse strings is of no help to undo the damage already done.”

    “So, there will be two years of legislative gridlock.  In the mean time, Hussein will expand (entrench) his new socialist programs with a blizzard of Presidential executive orders and appointees by-passing Congress. These Dumb-O-Crat political appointees in charge of hundreds of Federal agencies, set policy that interprets, and bends the intent of new and existing programs to the socialist ideology…encasing them in concrete.  It will require literally decades of political dedication and action to undo the damage…and that is not likely to happen.”

    “On top of all the political shenanigans, is the meddling of the FED with the money supply. The greatest theft of public money, ever, will continue on an even grander scale to transfer even more to the bankers, the Wall Street Boyz, and the politically connected.  That is the one, and only, sure outcome of these elections. The citizens  (Sheeple) aren’t even a consideration, other than to ratify the rip-off with their votes.” -Northern Advisor

    As we write this forecast on Election Day, we feel certain Bernanke will smooth talk the public after the FOMC meeting tomorrow. These efforts are designed to ease the minds of Wall Street, central bankers, and foreign nations while preparing to jam another $500B in QE2 printing of new bonds, bills and currency. The outcome is a dollar dilution-devaluation with a large move toward inflationary destruction of international credit. They hope for and talk of the opposite. Expect $500B more in each quarter in the first three quarters of 2011; $2 Trillion total.

    We think something breaks in the credit markets in 2011. It can come early in the year based upon bond failures outside of the USA or, be potentially created by some Black Swan effort we cannot yet see. One of the very large near term bubbles is in Hong Kong Real Estate. Many say Hong Kong is isolated within China, We say that when this one cracks, it rolls over all of China, takes down their stock market and spreads over the world. This could be in Q1 of 2011 or as late as the fall of 2011.

    Europe is in big trouble, just like America. That situation is different in that the European Central Bank does not have all the powers of the Federal Reserve and U.S. Treasury. By charter, the ECB is not permitted to make loans to member countries. However, in light of all their failing nations and emergencies, the ECB is buying those nations’ crummy bonds to help them. This is an accident waiting to happen. Irish bonds are going scary and those of Greece are basically, in my view, worthless. Even Portugal, which is tiny and holding about $6B in gold has serious problems. In 2011, either Spain or Italy takes a bad economic hit and they all go down like dominoes.

    Germany is the single European powerhouse. They have been trying to grudgingly help their broken neighbors but cannot save the world. No one has that kind of credit or cash. As pressures mount in Germany for the PIIGS to borrow more from them and German export sales taper-off on weakening overseas customer’s, new changes arrive. Mrs. Merkle is a tough cookie and is trying to protect German credit and their economy. Germany’s Mr. Alex Weber who holds the financial reins is on her side. Germany is going to and must cut the strings attaching them to the ECU, the Euro and avoid being trapped by being too generous with broken neighbors. Germany will start trading the old German Marks currency along with the Euro and soon after cut all ties and gradually go it alone. Adios for the Grand Euroland Experiment. Hello Deutchland!

    China has been the growth powerhouse of the world. This was enabled for several reasons. Among those are millions of people working hard as cheap labor; grateful to have a job. Next, the USA companies moved factories and millions of dollars to China to take advantage of a much lower cost of goods. Further, the money Boyz in NYC saw an opportunity to raise billions to invest in China for the fees, commissions and the vigorish. Now China, which has been paid in US Dollars and bonds is seeing the end of American Credit. We estimate they hold nearly $1 Trillion in toxic U.S. paper and another $1 Trillion in other financial markets; all at risk of cratering.

    Trees do not grow to the sky. As Hong Kong saw a +90% increase in real estate prices just this year as their US exports were going down the drain; reality comes to the fore. For those who say this goes on forever we say bunk. This economy is command and control more than most as the government can move faster not asking permission of any legislature or the public. They decide and they just move quickly.

    Chinese are excellent traders and very smart. Those controlling the USA economy as in our congress, Federal Reserve and Treasury can howl and complain all day. China will do what is best for China. The irony is Geithner and Bernanke do the same but are forcing the wrong decisions on a path to destruction. The collective scream does nothing. All will lose.

    Navigation through volatility for most kinds of investing and trading is going faster with wider trading ranges. This is going to scare many Sheeple into making wrong decisions. The more volatility we see the deeper the fear as good trading ideas go against the investors; TEMPORARILY. One of the top trading exchanges will fail.  We do not know which one but have some ideas. This happens over 1-3 years.

    Any exit strategy from the Middle Eastern wars will be sloppy and uncomfortable. In 2011 it shall become obvious most of our troops will have to pack-up and leave. This guerilla war should be left to highly paid mercenaries who manage methinks better under the cover of darkness with no identities. The USA simply cannot afford to spend so much money on the Defense Department and will discover better ways to manage the problems.

    The troops begin to come home gradually over several months. This was the Nixon VietNam strategy-declare victory and leave.

    As Americans on food stamps approach 50,000,000 next year, the American government and most particularly the bankrupt states cannot afford to keep paying unemployment checks and related benefits. We noticed last week that one state is posting armed guards at unemployment offices as those folks prepare to cut-off the checks. They are expecting violence and I think they are correct. U.S. jobless is 24% going to 35%.

    Immigration problems are spreading and violence is increasing. Watch Arizona and southern California for stand-offs between USA citizens and both legal and illegal immigrants. The American southwest has millions of guns and the Sheeple are getting super angry faster. We think the federal government should immediately order two full divisions of troops to guard the border and cool the hot tempers. They won’t do it as it would admit policy defeat and interfere with new immigrants’ votes for the administration. This dust-up is now in the 9th Circuit Court in San Francisco. The outcome will be against the State of Arizona. Arizona State and local police are unfairly caught in the middle. This turns ugly as citizens take charge and do what they think they must.

    Mexico is going dangerous at a furious pace. When a nation calls out the troops in large numbers to do daily battle, it can only end badly. Marxism is spreading quickly throughout South America. Brazil has just elected a former Marxist and guerilla fighter. Hugo Chavez continues to nationalize and steal from his people. Iran is helping Chavez and between them both they are providing arms and criminal support to Mexico bad boyz and perhaps Nicaragua.

    I can foresee, that if this is permitted to continue and spread while the current US administration does nothing, the entire USA Southwest goes under siege. It could turn very violent.

    One of the larger wet blankets on America and other economies will be massive, hard-core inflation. Most still think we are in a deflation with no inflation. Food and energy are always the first to inflate and they are running at +9% and moving-up faster. Soon many other parts of the U.S. economy inflate on a sinking U.S. Dollar. We already have a tightening noose on capital controls. Expect this to get worse. Next we’ll see price controls, which are most familiar in war time.

    Since we are fighting two undeclared wars in Iraq and Afghanistan, those are merely designated “police actions” like the 1950’s skirmish in Korea. The declared war is the “War on Terror.” This one is easy to designate and discuss as the enemies are largely unidentified-fighting shadows. We have rogue nations, and enemy nations but this war is illusory at best. This keeps the defense industry busy and rich.

    In light of the November QE2 announcement by the FOMC, we now forecast a new technical US Dollar intermediate low to be 64.00 on the index. The normal number is 80.00, which has been the standard for years. The dollar formerly and briefly blipped under 70.00 but recovered quickly. Not now.

    We will first see growing inflation that turns in a vicious hyperinflation within 24 months or less. We think the first real scare of this arrives in the fall of 2011. In 2012, it shall hit the world with a vengeance as the U.S. Dollar is both the standard of the world and represents 85% of the world’s currency reserves. This is a game changer. Eventually, the dollar sinks to 46.00-40.00 on the index; effectively cutting its value in half from earlier in 2010. (Read “When Money Dies” by Adam Fergusson) This book is the best we’ve seen on Hyperinflation in Germany, Austria, and Hungary after WW I.

    Expect the despot rulers of Nigeria to be taken down in a citizen’s revolt in 2011. The citizens are tired of theft and corruption. Look for the new lady leader of Brazil to go far left following in the footsteps of Hugo Chavez and Fidel Castro. She is a former communist guerilla fighter. The largest new oil field in the world is at stake in the ocean near that nation. Iran will be making a move with other communists to seize it.

    Stock and bond markets are terribly over-valued. The shares will fall under their own non-supportive weight. Insiders have been selling out for months as fast as they can and see the forthcoming crash. With new QE2 announcements we see the FOMC on the path to certain systemic destruction.

    We have been saying for years… this is all they have left-printing bonds, bills, notes and dollars with no asset backing whatsoever. Foreign holders of this paper are exiting these trades as fast as humanly possibly. China has a five year plan to be out but will not make it in time. They are converting this US originated paper to hard assets world-wide.

    Copper has been pushing the limits of the recent $4.00 futures high. With China pressuring to buy more and needing so much more for development projects, electronics, power equipment and others, watch for the March, 2011, copper futures high to be broken moving the price to above $6.00 next year. Copper is inflation sensitive.

    Pensioners and those older Americans on fixed incomes will be largely, economically destroyed in the forthcoming inflation. New GOP House members will be in open warfare with Obama and his democratically controlled senate. Obama is a one term president going out in disgrace as one of the worst ever to hold the job.  His is an event worse than Jimmy Carter and Woodrow Wilson. May we live in interesting times so be prepared.

    The next fall rally in gold and silver should commence after Thanksgiving. From the signals we see, this rally could be absolutely outstanding. Try your best to own physical gold and silver and trade the shares of the related companies. The next larger-faster phase of commodities trading can continue for another 7 years based upon previous historical cycles.

    Now, more than ever, it is important to take the immediate necessary precautions to protect yourself and your families and friends. Traders and investors should be buying precious metals and select shares right now. In our Trader Tracks Newsletter we have a great list of trading and investing ideas for you. Meanwhile, you can never go wrong buying physical precious metals and holding them for security. We’ve had a constant run of nearly ten years with gold rising 15% per year so this remains a good trade. In the last twelve months, gold has rallied over 34% and is going ever faster.

    It’s not going to stop any time soon. In fact, we predict those annual percentages will rise even more and this offers a chance, arriving only once in 25 years on the historical cycles.

    Roger Wiegand
    Editor Trader Tracks Newsletter
    The Jay & Rog Blog at webeatthestreet.com

    *****

    Roger Wiegand is Editor of Trader Tracks Newsletter for gold, silver and energy traders. Roger provides recommendations for short and longer term traditional stock shares, futures and commodities trading with specifics for individual trades.  See webeatthestreet.com for more information. Listen to our Traderrog Daily Market Close on the Korelin Economics Report website http://www.kereport.com/

    Contact Claudio Bassi, at Trader Tracks New York City publishing offices for an introductory 30-day trial subscription for only US$49.00.  This is half the monthly rate our subscribers pay.  Call us at718-457-1426

    Monday through Friday, 9:00 am to 4:30 pm (EST) for details.  You can also e-mail our office manager, Claudio Bassi at cbassi@miningstocks.com for more information.

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    30 Comments...

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    1. With all due respect, this article contains a lot of B/S on political matters, and this shorts its credibility on economic ones:
      - The idea of continuing to wage imperialist wars just by mercs is utterly ridicolous;

      -Mexican drug gangs do not need any help by Chavez or anyone else: they make billions, got lots of weapons (mostly made in USA) and manpower; and they do not need to invade, just trade their stuff, until they will find that US$ is so devalued that they will have to sell their drugs somewhere else (so this problem is going to solve by itself)
      - Former marxist guerrilla and incoming Brazilian president will be  like Lula: very lame and business friendly from a leftist point of view, and that will keep Brazilian economy going very well like it did under Lula.

      I would add that any USAian has no right to criticize any foreign government, given the performance of their one on any respect;

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    2. alli says:

      Sounds like we should all try to enjoy Thanksgiving because by Xmas everything will be falling apart..

      Excellent! (pass the gravy, please)…

      Rate This Comment: Thumb up 0 Thumb down 0

    3. mushroom says:

      this article is just more alarmist nonsense designed to sell expensive high profit margin subscriptions and junk “precious” metals that pay no interest nor dividends.  the united states of america is the envy of the entire world. our economic system has a few minor wrinkles now and then but on the whole is extremely powerful and completely capable of  smoothing out any temporary negative ripples caused by powerful foreign marxists and communist influences..

      america’s magnificent capitalistic federal reserve banking system has been almost flawless for one hundred years in producing abundant low cost credit for people and businesses to thrive and  prosper. . it has created numerous labor unions and the most vibrant middle class structure the world has ever seen. americans enjoy fabulous luxuries that are simply not available in most other parts of the world. america’s cities are the most beautiful in the world with interconnecting highways and toll roads that are the envy of the rest of the civilized world. americas industries are also the envy of the world and can easily  produce extremely complicated items once thought impossible to create such as the xbox and the iphone.

      america is defended by the most advanced military the world has ever seen. we have spectacular weapons that were once thought impossible to create. our military might will keep all our enemies at bay so america can continue striving to bring our advanced civiliztion and religions to other parts of the godless world.

      anyone who says that america’s economy is at any degree of risk is simply wrong. america’s capitalistic banking and business communities are humming along with no signs of decay. no other country in the world has a general motors corporation or a lehman brothers bank. our amazing capitalistic society will continue to  grow and prosper well into the future with no signs of slowing down.

      god bless america and god bless america’s fantastic capitalistic banking and business communities which will continue to serve all american citizens and citizens of friendly countries with all the advanced luxuries of life. america is truly the land of the free and the home of the brave.

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    4. Cynical Optimist says:

      We think the first real scare of this arrives in the fall of 2011. In 2012, it shall hit the world with a vengeance

      Spot on as I predicted the other day in another post

      Copper has been pushing the limits of the recent $4.00 futures high. With China pressuring to buy more and needing so much more for development projects, electronics, power equipment and others, watch for the March, 2011, copper futures high to be broken moving the price to above $6.00 next year. Copper is inflation sensitive.

      Silver is the new gold… copper is the new silver… I will be aggresively purchasing bullion in both of these metals.  Gold is too expensive for me to purchase in volume though I’m probably going to diversify and purchase some fractionated 1/10 & 1/20 ounce gold bullion as well.  Right now copper bullion is where silver bullion was 10 years ago… since it’s currently illegal to melt pre 1984 pennies… I’ll buy bullion.  I’m also saving any/all nickels I can get my hands on… atleast while nickels are still real nickels.

      “Germany is going to and must cut the strings attaching them to the ECU, the Euro and avoid being trapped by being too generous with broken neighbors. Germany will start trading the old German Marks currency along with the Euro and soon after cut all ties and gradually go it alone. Adios for the Grand Euroland Experiment. Hello Deutchland!”

      Beautiful country… beautiful people… I lived in Germany for almost 3 years and loved it there.  My passport is good until 2016… worst case scenario… emigration to Duetchland is a possible option to consider.

      Don’t just plan A … always have a plan B… plan C… etc…

      The end of the world as we know it has already begun childrens… we just haven’t gotten to the apocalyptic portion of it yet.

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    5. alli says:

      I have to admit, mushroom, that your posts used to bother me until I realized (s’cuse me) that you were being completely facetious, so now I see how well you really do see the situation and thanks for providing the comic relief in this otherwise dismal scenario…

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    6. Ich bin ein whatever says:

      So mushroom is going to be the bagholder for the elites when this is all over, right?

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    7. GMAFB says:

      @mushroom…it’s a shame you don’t have anything productive to do…

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    8. Bill says:

      GMAFB – mushroom has more intelligent comments than most here.  All you have to do is read them and understand……….

      Rate This Comment: Thumb up 0 Thumb down 0

    9. Jane says:

      I am not sure who will be envious of the U.S. when the BILL S. 510 = The FDA Food Safety Modernization Act, which was passed last year by Democrats in the House of Representatives, and now is in front of the U.S. Senate which is also controlled by Dems, and it is expected to pass easily.  The BILL S. 510:

      A) is extremely dangerous


      B) which would give the FDA unprecedented discretion to regulate U.S. food production and


      C) the economists inform us it could destroy the U.S. Economy.

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    10. Jane says:

      And here is another article  “The following are 75 ways that the U.S. government, state governments, local governments and the financial elite will be sucking even more of the life blood out of the American people in 2011.” from theeconomiccollapseblog website:

      #1 State governments across the U.S. are raising fees and taxes in so many different ways it is staggering.


      #2
      The cost of health care also continues to escalate out of control.  Americans already pay more for health care than anyone else in the world, and yet costs continue to explode.  Health insurance companies from coast to coast are already announcing that they must raise health insurance premiums substantially due to the new health care law that Barack Obama and the Democrats have pushed through.


      # 3
      Beside the health insurance premium, …. one review of the health care legislation identified at least 19 different tax increases. The health care reform law will generate $409.2 billion in additional taxes from the American people by the year 2019.


      # 4
      From coast to coast, the big Wall Street banks are buying up thousands upon thousands of tax liens and are making a killing by socking distressed homeowners with predatory interest, outrageous penalties and almost unbelievable legal fees….

       
      #5
      The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.


      #6
      The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.


      #7
      The 28 percent tax bracket is going to increase to 31 percent.


      #8
      The 33 percent tax bracket is going to increase to 36 percent.


      #9
      The 35 percent tax bracket is going to increase to 39.6 percent.


      #10
      In 2011, the death tax is scheduled to return.  So instead of paying zero percent, estates of $1 million or more are going to be taxed at a rate of 55 percent.


      #11
      The capital gains tax is going to increase from 15 percent to 20 percent.


      #12
      The tax on dividends is going to increase from 15 percent to 39.6 percent.


      #13
      The “marriage penalty” is also scheduled to be reinstated in 2011.  Members of Congress keep promising to do something about this, but so far nothing has happened. 


      #14
      Many American businesses are going to get hit with a very significant tax increase in 2011.  Small businesses had been able to “expense”, rather than slowly depreciate, equipment purchases of up to $250,000 a year.  Now that will be slashed down to $25,000. 

      #16 Accounts Receivable Taxes
      #17 Building Permit Taxes
      #18 Capital Gains Taxes
      #19 CDL license Taxes
      #20 Cigarette Taxes
      #21 Corporate Income Taxes
      #22 Court Fines (indirect taxes)
      #23 Dog License Taxes
      #24 Federal Income Taxes
      #25 Federal Unemployment Taxes (FUTA)
      #26 Fishing License Taxes
      #27 Food License Taxes
      #28 Fuel permit taxes
      #29 Gasoline Taxes
      #30 Gift Taxes
      #31 Hunting License Taxes
      #32 Inheritance Taxes
      #33 Inventory tax IRS Interest Charges (tax on top of tax)
      #34 IRS Penalties (tax on top of tax)
      #35 Liquor Taxes
      #36 Local Income Taxes
      #37 Luxury Taxes
      #38 Marriage License Taxes
      #39 Medicare Taxes
      #40 Payroll Taxes
      #41 Property Taxes
      #42 Real Estate Taxes
      #43 Recreational Vehicle Taxes
      #44 Road Toll Booth Taxes
      #45 Road Usage Taxes (Truckers)
      #46 Sales Taxes
      #47 Self-Employment Taxes
      #48 School Taxes
      #49 Septic Permit Taxes
      #50 Service Charge Taxes
      #51 Social Security Taxes
      #52 State Income Taxes
      #53 State Unemployment Taxes (SUTA)
      #54 Telephone federal excise taxes
      #55 Telephone federal universal service fee taxes
      #56 Telephone federal, state and local surcharge taxes
      #57 Telephone minimum usage surcharge taxes
      #58 Telephone recurring and non-recurring charges taxes
      #59 Telephone state and local taxes
      #60 Telephone usage charge taxes
      #61 Toll Bridge Taxes
      #62 Toll Tunnel Taxes
      #63 Traffic Fines (indirect taxation)
      #64 Trailer registration taxes
      #65 Utility Taxes
      #66 Vehicle License Registration Taxes
      #67 Vehicle Sales Taxes
      #68 Watercraft registration Taxes
      #69 Well Permit Taxes
      #70 Workers Compensation Taxes

      …….
      …….


      #75
      If all of this wasn’t bad enough, now there is an increasing amount of talk in international circles about the need for global taxes.  The IMF and the World Health Organization are both proposing new global taxes that would be imposed on all of us.  Not only that, but representatives from 60 different nations recently met at the UN to discuss a tax on global financial transactions that would be used to battle poverty and “climate change”.

      You’ll be the judge!!!!

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    11. flag says:

      Anybody notice that Dubai has missed their Oct and Nov renogotiated debt payments? 

      NOT good.

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    12. Roger Mack says:

      As I was reading this, I was formulating a response…then it hit me, why? why waste time on a lengthy reply, when the folks that come here to read this already “Get It”….there is no easy way out of this!
      I think I’ll just move off to a quite corner and cry
      Roger

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    13. Tom says:

      Looks like bonds r on the xhit list.  Axle Rod is on the news.  What a hole.  The “paper tiger” knows.

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    14. Goldenfoxx says:

      Comments…..Bill
      November 14th, 2010 at 6:12 pm
      GMAFB – mushroom has more intelligent comments than most here.  All you have to do is read them and understand……….
      ——————————–
       
      I read them and I understand after picking myself up off the floor, that I just had a good laugh and  find it amusing that people like mushroom spend so much time writing $hit for the amusement of others.  But that’s what comedy writing is all about.

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    15. Bill says:

      Goldenfox – You may be reading but your not understanding……if you were, you’d be crying, not laughing.

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    16. TEKROANIN says:

      learn, understand, chinese proverb…

      TAKE IN INCHES…

      WHAT YOU CAN TAKE IN YARD’S!

      IT’S ALL ABOUT ENSLAVING CONTROLLING YOUR FELLOW MAN WITH DEBT!

      apply this to the current new UN codex alimentarius food bill and gun control, WHO POISON FLU SHOTS, MEASURES SUPPORTED BY YOUR GOVERNMENT! With everything else Qe2 bailout and a Qe3 bailout already planned… not to mention the FALSE FLAGS, CIA PSYCH OPS, privatization of security and war… and rising local property crimes… ;0) da’ shit is gonna hit da’ fan man!

      arm up stock up prepare… the time for prayin’ to a dead jew is past! 

      my God is GOLD GUNS AND

      Nietzsche.

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    17. TEKROANIN says:

      learn, understand, chinese proverb…TAKE IN INCHES…WHAT YOU CAN TAKE IN YARD’S! IT’S ALL ABOUT ENSLAVING CONTROLLING YOUR FELLOW MAN WITH DEBT!apply this to the current new UN codex alimentarius food bill and gun control, WHO POISON FLU SHOTS, MEASURES SUPPORTED BY YOUR GOVERNMENT! With everything else Qe2 bailout and a Qe3 bailout already planned… not to mention the FALSE FLAGS, CIA PSYCH OPS, privatization of security and war… and rising local property crimes… ;0) da’ shit is gonna hit da’ fan man!arm up stock up prepare… the time for prayin’ to a dead jew is past!  my God is GOLD GUNS AND Nietzsche.

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    18. Durango Kidd says:

      Good post on taxes Jane. The reason the PTB want a small global tax on financial transactions (which was declined by the Bankster Gangsters) is not for fighting poverty as they claimed. The real reason was to set a PRECEDENT for a global tax basis for The One World Government they want to impose on US.

      Lock and load everyone. The person with the most blue helmets at the end of the game wins!

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    19. whitewash says:

      IF WE ALL WANT TO KNOW!!! WHAT NEST FEW YEARS HANE IN STORE FOR US ALL, JUST READ YOUR HISTORY BOOKS FROM 1931 – 1945………
      It is looking like that Ireland (banking crisis) will have the honnor of been the little country that will start the second leg of the Greatest Depression, just like the Anstat bank in Austria……..
      It is increasingly likely that the “SHTF” before the holidays this year 2010, Ladies & Gentlemen it is going to get really rough and going to happen so fast….. There is a 80% chance that the dollar will fall upto & over 90% in value before the new year,if not within the first two weeks of the new year(2011). All of these problems will not be caused by the MARKETS alone…….
      I saw this vision in may of 2004 and could not believe it I said this has to be wrong…. how could this be!!!!!. What came to me was that Mexico will have a higher GDP than the USA, the only way i can this now is devaluation of the Dollar to the Peso.
      Mexico has $1.4 Tn GDP and USA has $13.5 Tn Dollar GDP, the has to devalue by more than 90%……….
      GOD Help us all,…….

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    20. @EVERY-ONE

      “THE REVOLUTION HAS STARTED”

      Sit down everyone. I promise your not ready for this. “We the people are the problem.” Don’t blame it on the Marxist, socialists, bankers, Obama or Bush. We are the blame. This is our dammm country. And we sat around and let it go to hell.

      Of course things are going to get bad and much worse. That’s only because we chose to sit around and talk about the problems rather then do something. It’s time people. We can’t afford to stay death, dumb and ignorant.

      Join the Revolution….
      Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )
      We don’t have to live like this anymore.
       
      FIGHT THE CAUSE – NOT THE SYMPTOM

       

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    21. Tina says:

      TEKROANIN…..WOW

      I will pray to “MY JEW GOD” for you. May he have mercy on your soul.

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    22. Willie Wonka says:

      optimist….Copper is priced by the pound, not ounce, so at $4 its currently .25 cents per ounce, still not a PM, but working its way towards it.

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    23. VRF says:

      Just stocked up on more pasta.
      it was on sale

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    24. viper 1 says:

      Mushroom, You really need to stop doing mushrooms.

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    25. Willie Wonka says:

      Sorry, I reposted because bolding doesn’t show up in blue background veryy well. Mac, fix/remove at your discretion please.
       
      I read shroomsters most recent comment more closely, and I may have to lean towards #3, “off his rocker”. If he is being facetious, he is wildly inconsistent. After  reading this latest one, I am still wondering who/what the shroom man is.
      I don’t know why I am wasting my time on this, but I am gonna proceed.  I just said in 2 posts above, he is one of 5 things, and am adding a sixth
      1)  His comments are facetious and sarcastic (which is how I take them), it means he is anti-american, anti-capitalist, etc, etc.
      2) He is an uber patriot recently citizen-ized from some third world country and just refuses to believe the current state of our situation. He wants to still believe the U.S. is the land of milk and honey.
      3) He is just simply off his rocker.
      4). He is just a little douche trying to rile people up
      5) He thinks he is a comedian, but I think that if thats the case, he still has an anti-American complex
      6) He is a shill
      The numbers I refer to in my comments are those above.
      Here is his comment with my analysis  in bold
      this article is just more alarmist nonsense designed to sell expensive high profit margin subscriptions and junk “precious” metals that pay no interest nor dividends if sacrcasm, he likes PMs or he is just  being honest and is #2, #3 or #6) .  the united states of america is the envy of the entire world. our economic system has a few minor wrinkles now and then but on the whole is extremely powerful and completely capable of  smoothing out any temporary negative ripples caused by powerful foreign marxists and communist influences. This sounds like something an uber optimist would say so it is either that or sarcasm, but its its #1,  the part about marxism doesn’t fi, it is too matter of fact comment, thus this is inconsistent logic for any but #2 or #3.
      america’s magnificent capitalistic federal reserve banking system has been almost flawless for one hundred years in producing abundant low cost credit for people and businesses to thrive and  prosper. either anti capitalistic sarcasm, clueless patriot, or shill . it has created numerous labor unions and the most vibrant middle class structure the world has ever seen. Contradictory, labor unions have partly caused the problem we face but middle class is a good thing so this comments show he is either can’t stay consistent in his sarcasm, he is is one of #2 thru #4, americans enjoy fabulous luxuries that are simply not available in most other parts of the world. america’s cities are the most beautiful in the world with interconnecting highways and toll roads that are the envy of the rest of the civilized world. While this used to be true, not as much anymore so this is obviously sarcasm #1, or #2 americas industries are also the envy of the world and can easily  produce extremely complicated items once thought impossible to create such as the xbox and the iphone. Could be #1 or #2
      america is defended by the most advanced military the world has ever seen. we have spectacular weapons that were once thought impossible to create. All true. our military might will keep all our enemies at bay so america can continue striving to bring our advanced civiliztion and religions to other parts of the godless world. Either #1 or #2
      anyone who says that america’s economy is at any degree of risk is simply wrong. america’s capitalistic banking and business communities are humming along with no signs of decay. Sarcastic Anticapitalist or uber patriot?? no other country in the world has a general motors corporation or a lehman brothers bank. our amazing capitalistic society will continue to  grow and prosper well into the future with no signs of slowing down. Again (GM and Banks) , truth mixed in with denial, so either inconsistent sarcasm or delusional patriot, or shill
      god bless america and god bless america’s fantastic capitalistic banking and business communities which will continue to serve all american citizens and citizens of friendly countries with all the advanced luxuries of life. america is truly the land of the free and the home of the brave. Sounds sarcastic and anti american unless he is #2
      So thats  my 2 cents in deciphering this mystery who is the mushroom. He is either giggling in his moms basement right now,  working hard at one of his 5 jobs, or sitting in some cubicle in the whitehouse.

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    26. milan says:

      Spot on;  The US is the most overendebted nation in the history of the world.  From consumer, private citizen to municipalities to states to the federal government we are all swimming in debt.
      Our paper IOU’s will soon be worthless ; has the world will soon no longer accept our paper for their goods and services.

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    27. steve says:

      Comments…..The Post by mushroom- complete denial and he and like minded will be like lemmings over a cliff courtesy of the US government- If you actually did some real research you will find that the whole US economy is based on continual debt creation to fund your lifestyle. The fed scince it came into existance in the early part of the century has devalued the purchasing power of the US $ by 97%. Just keep with the idea your Govt will work it out for you and the best of luck.

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    28. JoeE says:

      This article is ridiculously childish.  There’s nothing new in it, most of it is nonsense, but the tone is that of a teenager. 

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    29. Clem says:

      Well said Willy. Good article Roger! I’ll be dollar cost averaging more heavily into “junk PM’s” before the end of the month. It is well known, in the intelligence community, that most of these events are planned out years in advance. With this being the case, our job to protect loved ones and friends is much more difficult. I have a few red neck friends also, who watch the tv and listen to Rush on occasion. I would never intentionally piss them off with unemployment figures of 24% or the fact that JP Morgan was busy manipulating the futures markets. Some folks can’t comprehend compound interest much less, ownership of our infrastructure. I have come to the conclusion that God must love these people, and take care of them. There is no other explanation. I don’t feel sorry for them, or pitty. Just a strange interest into what makes them tick. Holding your mouth, just right, helps.

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