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Peter Grandich Sees Where The Markets Are Headed And He's Going For The Gold--01-17-2012
The Financial Survival Network ^ | 01/17/2012 | Kerry Lutz

Posted on 01/17/2012 3:44:42 PM PST by appeal2

Peter Grandich joins us for the first time today to discuss what's going on with oil & gas, precious metals, and the stock market. Peter has been writing his newsletter for many years, and his biggest present concern is US debt. He describes the US as being in an eye of the storm--we've had the first wave and the back end, which is always worse, is rapidly approaching. Peter refers to the financial professional community as the dont worry be happy crowd. He describes the constant industry refrain that, "Stocks and bonds are always a buy," is just mainstream media propaganda.

The US has so much debt, that there's no foreseeable production of cash flow to service the interest rate, let alone pay down principle. Peter says the inevitable result will be a combination of three things: the debt is repudiated, renegotiated and monetized. We both agree that, the can can't be kicked forever. However, the major problem with any reasonable solution, is that the people that we look to for solutions are the very same people that got us into this mess in the first place. It's not a matter of which party, the political process is truly broken. Government has grown so big, that soon there will be more government workers than private. Once this occurs, Peter states, "We'll never get the reform we need." The day of reckoning is just as certain as "death and taxes."

Listen to the Interview


TOPICS: Business/Economy; Government; Politics
KEYWORDS: gold; kerrylutz; petergrandich; silver

1 posted on 01/17/2012 3:44:52 PM PST by appeal2
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To: appeal2
The jig is up. Not a matter of 'if', but 'when.'

I agree. However, I'm still waiting for the summer 2010 collapse.

He said that the can could be kicked down the road one, maybe two more times.

2 posted on 01/17/2012 5:14:00 PM PST by blam
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