Saturday, October 18, 2008
The Global Financial Crisis
Instead of paying off mortgages, the Fed and their pals - George W Bush chief among them - have paid off their buddies and their buddies institutions choosing to inflate the entire economy with the infusion of trillions of dollars rather than addressing the mortgage crisis directly. Do you have any idea how many zeros that is? Can you imagine the corruption at play. The entire financial system is built on the faith of investors - our faith in the people there to be concerned more for our interests than their own. And now that the next three generations of the American People have been enslaved by our unprecedented debt - we will enter a lengthy and uncomfortable period of hyper-inflation. Many of you will have to work five or ten years longer than you thought you would have to. What has proven to be a consistently safe investment in times of inflation with a security that exceeds the volatility of the markets has been precious metals. Gold is a good buy today at $783 an ounce.