Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

Does The CoT Structure Prohibit A Rally?
By: Craig Hemke

Harry Dent’s Gold Prediction Invalidated
By: Przemyslaw Radomski, CFA

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
By: GoldCore

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Black Swans on Final Approach


 -- Published: Wednesday, 13 August 2014 | Print  | Disqus 

By GE Christenson

 

There are several potential disasters that could disrupt the financial and political status quo, much like what happened after an Archduke was shot 100 years ago. 

 

Brutal Facts:  From Simon Black regarding the experiences of US Navy Pilot James Stockdale in captivity in the “Hanoi Hilton” in the late 1960s.

 

“Who didn’t make it out?”

 

“Oh, that’s easy,” replied Stockdale.  “The optimists.”

“This is a very important lesson. You must never confuse faith that you will prevail in the end – which you can never afford to lose – with the discipline to confront the most brutal facts of your current reality, whatever they might be.”  (emphasis mine)

 

From David Stockman on Zerohedge:

 

“Our foreign policy is collapsing everywhere and yet the Washington war party keeps wanting to do more of the same.  This confrontation with Putin is utterly out of hand and unnecessary.  Now we have a trade war going that is going to ricochet through an already fragile European economy.”

“So those are the factors that will ultimately cause a major collapse.  It’s just a question of when the black swan comes flying in, or when the confidence in this whole central banking illusion finally breaks down in the markets.”

 

From Ron Paul on US sanctions on Russia:

 

“The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself.  While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar’s eventual demise as the world’s reserve currency.”

 

From Zerohedge and Steve Forbes’ new book on money:

 

“Unstable money is a little bit like carbon monoxide: it’s odorless and colorless.  Most people don’t realize the damage it’s doing until it’s very nearly too late.”

 

CONCLUSIONS:

 

Skip the unfounded optimism, forget “hope and change,” ignore the media hype and face the brutal facts:

 

1)    The world is overwhelmed with debt; far more debt than can ever be repaid with current dollars, yen, euros or pounds.  The choices are massive inflation and/or default.

 

2)    The rumblings from the “drums of war” are reverberating across the globe.  War benefits bankers and military contractors so anticipating another large war is a reasonable expectation.

 

3)    Sanctions, trade wars, currency wars, and shooting wars are destructive to almost everyone.  Ask the French, Germans or English in 1919 what they thought about the First World War.  Ask the Ukrainians, Palestinians or Israelis of today how much they like the current war.

 

4)    The global economic system is heavily dependent upon confidence, especially confidence in the global reserve currency, the US dollar.  This utterly essential confidence in the dollar is weakening, particularly as confidence in foreign policy decisions and global hegemony is deteriorating.

 

5)    Unstable and devaluing money, exacerbated by too much debt, welfare and warfare, Quantitative Easing, leverage, derivatives, and weakening confidence will aggravate a long list of existing economic and political problems.

 

6)    Markets, elections, and the media are managed and manipulated to ensure the survival of the status quo, the treasury market, and the stock market.  But the S&P can be levitated only so long, and gold prices cannot be suppressed forever.  The reversal time for both is near.

 

7)    Gold shines in the face of unstable money, weakening confidence in the reserve currency, trade and currency wars, fear of another shooting war, crude oil supply disruptions, and destructive foreign policies.

 

Choices:

 

          Door # 1                                                        Door # 2

 

Gold                                 or                US dollar

Peace                               or                War

Diplomacy                         or                Fighting

Free trade                        or                Sanctions

Assets                              or                Debt

Stable money                    or                Colored paper

 

There is still time to protect yourself from some of the dangerous consequences found behind door # 2.  Consider hard assets, gold, silver, and land.

 

GE Christenson

The Deviant Investor


| Digg This Article
 -- Published: Wednesday, 13 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.