EURO, DEBT and GOLD: Stupid! You are on the cliff

Sorry folks, I am always gloomy…because that is what it is!!

…..But for a change let me start on a lighter note: read this story of “Porn Bunker for the Apocalypse“….They haven’t decided if they should charge or not for the spot in the Porn Bunker because, “we anticipate that money might not have a whole lot of value in the post-Apocalyptic world,”…..There’s also going to be a “private fertility chamber” because, hey, someone’s got to continue the human race, right?! A Porn Bunker for the Apocalypse

On a gloomier note: PARTY Time is OVER!

Countries have been going bankrupt for centuries, there’s nothing new about it. Finally the EURO is hanging from the cliff…again! Greece appears to be the likely bankruptcy candidate soon. Just couple of years back they bailed Greece out and told us that everything is going to be fine. Not really…The global addiction to debt is going to have some very, very serious consequences. I believe we are entering a period of “Great Contraction” and obviously it is not going to be pretty….Social unrest, riots, revolutions, poverty and crime are going to be very repetitive events in the future world. Welcome to the future!

The Present System Will End and It Will have to End

Recently, the Greek 1-Year Bond Yield Hit 88.48% and 2-Year Bond Yield Hit 50%! It is obvious Greece will default! Any expert here who believes Greece will NOT default?I know there are many who still believe in “Tooth Fairy”…and there are many who believe the Ponzi scheme called “Paper money” (British Pound, Euro, Yen, Dollar, Rupee) will continue for ever. Good luck with that. They kept this Ponzi scam alive for several decades. THIS EXPERIMENT OF PAPER MONEY WILL END IN DISASTER…don’t ask me a date, because these clowns may pull this scam for I don’t know how many more years…(They will try to continue this until there is the last dumb in the world believing in the Toilet paper.) But one thing I am very sure about…It Will End and It Will have to End in a bigger disaster the longer they pull it out in the future. Period!! (The only way things can get better is – If the politicians and Bankers of the world become responsible over-night. The chances of this happening are very less and hence the words “I am very sure”.)

DEBT will devour many countries, and societies:

The United States is caught in the same debt trap that most of the other nations around the world are caught in. Never before in recorded human history has a nation transformed itself from the wealthiest nation on earth, to the greatest debtor nation as quickly as the United States has done. The Debt time bomb is ticking…tick…tick…tick and it is going to claim its victims one by one..it will devour many countries, and the results will be deadly for the middle class. The present system must end, it will end, it will now certainly end badly.

GOLD and SILVER are DAMN Cheap and they are the currencies of the FUTURE!

Paper money that you consider as “money” is nothing more than Toilet paper. As the Currency wars between countries escalate in the NEAR future, the paper money will continue to seek safe harbor. There is NO OTHER SAFE HARBOR in the world than the GOLD and SILVER. Almost every asset class will sink in the future sea of DEBT…but GOLD and SILVER will continue to shine. Bigger the DEBT will Grow, Higher the Gold and Silver will Go!!! Gold @ $1800+/Oz (Rs.30,000/10G) and Silver @ $42+/Oz (Rs.65,000/Kg) are damn cheap (I am not saying it will not go down..It may go to $1000 and $10 again). Physical gold and silver (the metal you can hold in your hands) are the ONLY REAL MONEY – there is nothing else you can trust in the ocean of DEBT. The paper money (British Pound, Euro, Yen, Dollar, Rupee and every other paper or plastic money is nothing more than the toilet paper) Gold and Silver are going to go much, much higher…and higher…Gold is going to become the asset of choice in the future….Wake up people…own it before you realize it has gone beyond the reach!!! (Also read my disclaimer below)

Here are some must read stories of this week….signs of the time to come.

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“The Euro Is Finished”: The only question in my mind at the moment regards the specifics of how it will end.  I would say that the majority of those that think there is a strong likelihood that the euro falls apart envision the PIIGS countries leaving or being thrown out.  While I certainly think this is a possibility, especially if Greece just calls it quits and then successfully transitions to its own highly devalued currency since this would for sure start the ball rolling

Germany prepares for Greek Default… Greece is “on a knife’s edge

Watching Dreams Die: The cause of the downfall of the Eurozone? Too much debt. It’s no different from that of the people the Reddit commenter evicts from their homes. Too much debt. It’s everywhere, and it will devour our societies.

World Entering ‘Dangerous New Phase‘: One of the factors weighing down markets is the perception that the situation is worse than 2008, and that there are fewer policy options available to governments and central banks

This is Economic Collapse…Wake Up and Remember The word for future is “Civil Unrest“…Riots in Italy…

The endgame will be “a final and total catastrophe: ....of the currency system”, and “later” may indeed be soon. Paper money collapse is inevitable. The present system must end, it will end, it will now certainly end badly. And probably soon. As it is inevitable it doesn’t matter what I wish. To wish that this would not happen would be as sensible as to wish that the present summer would not end, and that the days would not get shorter. I don’t wish it and I don’t fear it. The system must go. Good riddance…..”There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” The coming monetary meltdown will wipe out vast amounts of paper wealth, and it will facilitate one of the largest transfers of real wealth in human history. Many people will lose a lot. Sadly, it will be mainly those who produce more than they consume and who save the difference – and then save it in the form of cash, bank deposits and bonds. All paper money collapses decimate the middle class. No, I certainly don’t wish for this but the chance of this being avoided is practically zero.

Goldman Sachs secretly believes economic collapse coming: Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse….The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details. It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering.

Welcome To The Currency Wars: Recent decisions by both the Swiss National Bank and the Brazilian Central Bank.  Both actions, in my view, have potentially exposed everyone in their respective societies to the specter of higher inflation while the benefits of these rate cuts/currency pegs primarily accrue to their export sectors.  Is this a big risk?  You bet it is.

Counting the Zeros in the US Economy: By all the important measures, Americans are Zero better off than they were a decade ago. But wait. They’re much worse off. They have much more debt. Here are some numbers that aren’t zero. In round numbers, total debt to GDP increased from around 200% to over 350%. Federal debt alone went from 57% of GDP to nearly 100% today.

US Postal Service Is Nearing Default: US Postal agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless…..closing up to 3,700 postal locations and laying off 120,000 workers — nearly one-fifth of the agency’s work force…

Continuance of the Greater Depression and the Brighter Prospects for Gold: Will there be accompanying civil unrest – rioting, looting and assorted acts of criminal behavior? Doug Casey: Almost certainly. I think the riots we have seen recently in London, the various flash mobs we have seen around the US, and even the rioting that happened in Vancouver, are just an overture….

You Have No Idea How Really Wild This Is Going To Get: Economist Bob Chapman, of The International Forecaster, has long advocated precious metals as one of the few wealth preservation assets against a wave of destruction that will wipe out everything from stocks, to bonds, to the US dollar itself. In his latest interview with the Corbett Report, Chapman shares his views on what to expect over the next several months

The Reason(s) Behind China‘s Shadow Gold Buying Spree: Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost….

A year back the world hailed “Democratic Revolution” in Egypt…Look what is happening there today. Three dead, 1,049 injured in Israeli embassy protests in Cairo… “Tooth Fairy” believers still think it was a democratic revolution inEgypt overthrowing the dictator. There is nothing democratic about this nor a revolution. It is all about the price of food and degrading living standards where the patience of the society breaks down leading to civil unrest, social breakdown and riots. It is all Chaos which will continue for several more years no matter what. Read my blog to understand how societies will react to the economy in the future.

In America the Rule of Law Is Vacated: Perhaps the feds are trying to force more layoffs of US workers and their replacement by H-1B foreign workers. Gibson can solve its problem by firing its Tennessee work force and hiring Indian citizens on H-1B work visas. Jose Guerena, a US Marine who served two tours in Bush’s Iraq War was murdered in his own home in front of his wife and two small children by a crazed SWAT team, again in the wrong place, who shot him 60 times. When his wife told him that there were men sneaking around the house, he picked up his rifle and walked to the kitchen to see what was going on and was gunned down.

A Massive Ponzi Scheme:s US Is $211 Trillion In Debt

US In Recession Right Here, Right Now

Bank of America Discussing About 40,000 Job Cuts

US falls to 5th in global competitiveness

Illinois to lay off thousands of state workers by end of week…

School then and now (1957 vs 2011)

Where To Find The Best Jobs In The World

…and the list goes on and on.

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