"But we are approaching the moment of truth"
"I am not here to scare you.
The talk prevalent today about slow business impacting metals is totally ignorant of the process of monetary inflation that transmits itself into price inflation and reduction in currency value. That talk took place in the 70s. It is today as it was then, mostly from those that have no respect for history in economics that refuse to do case studies in order to make future assumptions. The others are those that simply have no opinion and believe they are TA masters. The final is the mindless black boxes. All this impacts the geek mathematicians with no market experience to stir their witch and warlock pots in order to create more garbage paper.
When all is said and done, the foundational element to value is fundamental, and this was reviewed in today’s article on the Weimar Republic. Maybe you should print that and hang it on your bulletin board. It is the closest comparison to this present period of time I have outlined to date. I do not expect the magnitudes to have any similarity. What is clear is the cause and effect can be compared and applied to today's realities.
I am not panning TA. It is also a key to doing things correctly, but it must be kept simple in violent times and should be utilized in agreement with your fundamental view.
We have serious systemic problems which are being approached in a manner to hide, not solve.
Therefore:
Act rationally in seeking safety.
Hope for the best, but prepare for the worst.
Ask the old timers Marty and Barry to help you to get paper certificates if that fits your plan. These men know service and ethics. 1-800-426-3987. You might consider transferring to them out of the broker in question if they (Marty and Barry) will immediately transfer your shares to the registrar for paper certificates. This way your property is in their shop for a millisecond. You see it arrive as a computer transfer and then it leaves their shop as a computer transfer, but with the request to register it and deliver it back. A certificate registered in your name, not signed, without a stockpower cannot be used by anyone but you, nor can it be anyone else's asset but yours. This is how a paper certificate is returned to you. They will not stand in your way, charge you outrageous fees or try to dissuade you from accomplishing whatever you want. In time you might like to deal with humans.
The markets mark time because no one knows for sure what it is they do not see that major banks and institutions are reacting to. I have told you. This is the first episode of a meltdown in financial instruments that represent between $20 to $30 trillion dollars. Review yesterday’s outline of the 13 characteristics of credit and default derivatives to understand how rotten that enormous mountain of garbage paper is and the implications therein.
The implication of this situation regardless of what the numbies told you today on financial TV is a severely lower US dollar and gold well into four figures.
Act rationally in seeking safety. Do not throw out the baby with the bath water.
I have been working on answering emails that while I have been working have grown to the comparatively low number of only 321. My editor has slightly over 500 as well. I have had to do a Sarbanes Oxley verbal interview lasting 90 minutes as well as reviewing major contracts and am deeply involved in many mind-boggling day to day corporate activities. I will get to all inquiries, both corporate and individual, but please give me until the weekend. I am working full out 18/7, more than when I was 30.
Good Night.
Be Safe.
Act Rationally.
Have a plan.
Work that plan.
Jim |
