Articles Comments

Blog site of » America, Economy, NRI, World » What a Wild start for the year 2011 – What is next?

What a Wild start for the year 2011 – What is next?

SocialTwist Tell-a-Friend

What a wild start !!

Did anyone imagine that start of the year 2011 would be a wild one? Riots and revolutions have broken out in the Middle East, oil prices have already soared to $105. Libya’s Kaddafi is fighting a loosing war. USS Enterprise and other major warships are on their way to Libya. USA and its western allies are planning a no-fly zone over Libya. (Let’s be clear, imposing a no-fly zone over a country constitutes a major military operation. US Defense Secretary, Robert Gates recently admitted that enforcing a no-fly zone over Libya would begin with a huge military strike. In simple terms a WAR appears to be imminent over Libya.) …and with today’s Sunnis, Shi’ites clash in Bahrain the global situation looks like it may become even more heated in the coming months.

Coming back home: 
The party is almost over. The Credit drunks are finally waking up.

Over hundred thousand union workers are protesting in Wisconsin, Ohio and other states for last 6 weeks. The protest may end sometime soon, but mistake it not, this is the future of America and will remain so for an extended period of time. For last 30 years America successfully exported inflation to the world (by printing unlimited amount of dollars). But, in the end, the chicken will come home to roost, in the form of the protest and riots that we are seeing all over the globe.

Meanwhile, my favorite, gold has set another new all-time high ….and look at silver – its $35+ in USA and Rs.52,000 in India – WOW!! What a rise so far. Are you in? Or are you still waiting on the fence thinking its going to be short lived? The current rise in Gold and Silver is more related to middle east tensions, and may come to an abrupt end some time soon, but no one can stop the eventual run of Gold to $5000-10,000+ and of the silver to, who knows, may be $300 to $400 from here. (Disclaimer: don’t believe in my words, do your own research in taking investment decisions) But do believe me in this: Gold and silver are the only currencies of the world…Paper money is worth a toilet paper. Smart people should not invest their future in the toilet paper. Dumb people holding paper money will be slaughtered in the end game. Always remember “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves” – Norm Franz, Money and Wealth in the New Millennium

Subscribe here for my newsletters to remain years ahead of the world…in the material as well as the Spiritual world.

The dollar’s recent reaction to the turmoil in the Middle East illustrates that we have come to a watershed moment in American history. The king (?) dollar is standing at 76 (USDX index) looking over a cliff, ready to take the next plunge. I don’t know it would or not, but one thing is sure, the world is starting to lose faith in the US dollar. In the future it may have a few dead cat bounces before it gives in (do buy Gold and silver in those dips when dollar rallies…if it does)

Let’s look at some interesting articles/news related to world economy and more specifically the USA economy.

First, the very important news item: Utah Considers Return to Gold, Silver Coins

This only means that the people are awakening to the “real money” status of Gold and Silver and they also understand that the Dollar is going to be “worth less” in the future – “It’s been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States — beginning in Utah.” Read more: Utah Considers Return to Gold, Silver Coins

Marc Faber recently said: “We are in the end game”

“We are in the end game, but we are currently in a crack-up boom. A crack-up boom is when you postpone a recession through money printing and credit growth. The credit growth is not created in the private sector – but it’s much worse – it’s in the government sector. The government is the most unproductive sector in economic life. So, this crack-up boom will end very badly. But, before it ends badly, we’ll have money printing, very high inflation, and when everything fails the US will go to war. They are already in war, but they’ll increase it…..As was suggested in If You Believe It Or Not, It Doesn’t Matter, it is possible that we are already on an accelerated path to a collapse of the world as we have come to know it.” – We are in the end game

Boise County files for bankruptcy (Is a start of a bigger storm?)

In a move rare in the United States and perhaps unprecedented in Idaho, Boise County is filing for federal protection against a multimillion dollar judgment. “This was not our first option. This was our last option,” said Jamie Anderson, chairwoman of the three-member Boise County Board of Commissioners. “This protects us so we can continue to operate.” Chapter 9 protection, from a section of federal code expressly for financially distressed municipalities, means that creditors can’t collect while the county is developing a plan for reorganizing its debts. Dan Chadwick, an attorney and executive director of the Idaho Association of Counties, said he is not aware of any other county, city or taxing district in Idaho ever filing for bankruptcy. He’s been with the association for 20 years and before that was at the Attorney General’s Office for 10 years, he said. Boise County files for bankruptcy

60 students/class/teacher was considered as a legacy of the “Third World” countries…Now its coming to America – Michigan orders Detroit to close HALF of public schools

Why the Dollar’s Reign Is Near an End

The dollar’s reign is coming to an end. All three pillars supporting the dollar’s international dominance are eroding. I believe that over the next 10 years, we’re going to see a profound shift toward a world…How could this be? How could the dollar’s longtime most-favored-currency status be in jeopardy? Why the Dollar’s Reign Is Near an End
Are America’s Best Days Behind Us?

“I am an American, not by accident of birth but by choice. I voted with my feet and became an American because I love this country and think it is exceptional. But when I look at the world today and the strong winds of technological change and global competition, it makes me nervous. Perhaps most unsettling is the fact that while these forces gather strength, Americans seem unable to grasp the magnitude of the challenges that face us. Despite the hyped talk of China’s rise, most Americans operate on the assumption that the U.S. is still No. 1.” Are America’s best days behind us?

SocialTwist Tell-a-Friend

Written by

Why do I write all this? I just want to make, all those interested, aware about where we as a society are heading, so that they can protect their future generations to a possible extent. It is going to be very very ugly before it will be better. In my view, our children's world is going to be entirely different than what we have seen. We have already consumed the resources of our future generations. What we have left for them is an empty bag and the consequences of our actions (without the knowledge that it is us who are responsible for the mess our children will be in) ...while I write this I also wish that I am absolutely wrong...and our future generations will live in a better world than ours. DISCLAIMER: All the content of my blogs is presented for educational and/or informational purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it intended to be taken as such.

Copyright and Disclaimer:
The views expressed in this blog/article are the author's own and not of this website. The author is solely responsible for the contents of this blog/article. This website does not represent or endorse the accuracy, completeness or reliability of any opinion, statement, appeal, advice, quotes from other reference materials or any other information in the blog/article. The same disclaimer applies to all the comments on this blog/article. Our visitors are free to forward this page URL (web address) to others in emails or put the links on individual facebook, twitter webpages strictly for non-commercial use. But the entire article should not be published/republished on other sites without the prior permission from us.

Filed under: America, Economy, NRI, World · Tags: , , , , , ,

Leave a Reply


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>