Economic forecast 2014
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Fiat currencies last for about 40 years; the fiat dollar has so far lasted 42 years. Far too much currency has been loaned into existence, it can never be paid back, we past the tipping point many years ago.
Comments
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You can't "balance the books", money is debt and debt is money, when you take money out of the system to "balance the books" you crush the remaining fake consumer economy. Gold and silver will only take off AFTER the collapse, mind you we could see some good sales between now and then.
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I believe the writing is on the wall and the end game is near. Why? Because there is more talk and main stream reporting about
De Americanisation of the world also if you remember Obama after increasing the debt ceiling was saying about the republicans that the delay had done the US dollar damage. Never does a country puts its own currency down.. i give it 10 years for a big crash -
If the E.U is in recovery ask your self why have they cut interest rates even lower??
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Tony, you think civil disobiedience will rise in the UK, I think it will rise world wide. When Greek standards arrive in the rest of Europe and the US, the scene is going to get ugly . There is also nothing much that can be done to stop it happening, apart from prepping, and above all stacking PM.
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Martin Armstrong Eco has been pretty accurate on gold. He's golds day is after 3rd qt 2015 And a deflationary depression
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If you have access to information conduits that most people don't you can easily beat the market. Buffet has contacts and close relationships with key industry leaders. He's fully connected. Without that he'd be just like us.
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TNX HRUK, a sobering forecast to be sure! I certainly concur that "confirmation bias" is a psychological menace; but to some extent unavoidable. There is such a stunning variety of eco-propaganda available, it is possible to find confirmation for almost any theory one would want to adopt; no matter how far-fetched! All of this of course, in a setting in which economic fundamentals continue to deteriorate rapidly; it is as though soundness of economic underpinnings no longer count at all! TNX Again!
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I agree on what you say on confirmacy bias but what is said in the article about Buffet I consider utter BS. Buffet started from a very high level thanks to his father (who btw. knew about the role of sound money) and his "method" against confirmacy bias is his various insider contacts. it is easy to become a multi billionaire like that. The clients of his bershire hathaway as I heard didnt benefit so much of his oh so unbiased investment strategy.
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