Been hearing this for a couple decades now, and it makes sense, but...that doesn't seem to matter...somehow the markets continue to be propped up, as previously mentioned, by the gubmint printing press. This can't last forever either, or can it? I mean, really...all conventional economic wisdom seems to be flying out the window.
I think the piece we don’t consider is the decreasing purchasing power of the retiring boomers with too few people to replace them. Lower consumption means deflation. Even with massive quantitative easing it’s not enough.
That’s very true. Governments often take radical measures to artificially prop up economies. That makes things less predictable. However, we are in a special situation because we are the world economic leader and our currency is... the gold standard, if you will... that so many things are pegged to. Eventually though our national debt will eat us alive and no matter what our economic output and no matter what the government does (printing, etc...) the rest of the world will begin to look askance at us. It’s already happening. I don’t know if the dollar will be abandoned in an orderly fashion or in a tidal wave, but the way we’re going now it is bound to happen. That will severely devalue the dollar and there really is nothing the fed can do about it. At that point I think gold and silver will be a good insurance policy.
It’s also handy as a barter item should the SHTF (EMP weapon, power grid hack, etc...). Gold, silver, booze, food, water and ammo.
I’m beginning to think nothing big will change in my lifetime with the exception of us coming under a dictatorship. We’re almost there already.
There will be a one world government, but since I’m turning 64 this year I doubt I’ll live to see it.
Economic crash? I’ve come to the conclusion the world is too big to fail. The “powers that be” are not going to allow themselves and their kids and grandkids to live in a Mad Max world. I do believe the rich will get richer and the poor will get poorer. That’s happening every day.
I’ve got some silver. I wish I had the cash I used to buy it.
Been hearing this for a couple decades now, and it makes sense, but...that doesn't seem to matter...somehow the markets continue to be propped up, as previously mentioned, by the gubmint printing press. This can't last forever either, or can it? I mean, really...all conventional economic wisdom seems to be flying out the window.
The market is reminding me more and more of the images and psychology behind the jihadi executioner standing next to his strangely calm American victim (Sotloff).
The explanation [for passive captives who are about to be beheaded] was that they are trotted out and threatened repeatedly to the point of never knowing which day will be the "one", so the odds become "probably not today" and they just sit through the game. Then... surprise.
Easy to become non-reactive and detached after every probable meltdown based on sound reasoning nonetheless ends up as another "nevermind".