re: ["...u see the more things change the more they remain the same"]
Chief, in all due respect, I have to humbly suggest
that you ask Santa Claus for three things this year:
1. More Monetization
2. More Quantitative Easing
3. Stimulus II
And if you get any of your three wishes,
gold and pm stocks will still continue to
outperform the broad market indices.
But if you don't, and the Minsky Moment arrives
and the music stops (and stop it will), then hard
assets will fall less than paper assets. But to
survive, let alone to really prosper, one will
ultimately have to make a very large short sided
bet against paper assets.
As far as "the more things change, the more they remain the same."
Again, I have to most humbly disagree. You see, that's what's
this is really all about - "change." And not just any change,
but the single greatest social re-engineering of society in
modern history.
They call it "Agenda 21," and they've bet hundreds of billions
of dollars, and 40+ years of work on it...
"Effective execution of UN AGENDA 21 will require a profound
reorientation of all human society, unlike anything the world
has ever experienced - a major shift in the priorities of both
governments and individuals and an unprecedented redeployment
of human and financial resources. This shift will demand that
a concern for the environmental consequences of every human
action be integrated into individual and collective decision-
making at every level."
Ask the 500 million people from 27 nation states in Europe
who just lost their vote, their national sovereignty, and the
protection of their courts and their constitution to the EU
via the Lisbon Treaty, about that change.
The 1980's to 2000 was about America's economic transition
into globalism.
2000 to 2020 will be about America's political transition
into global governance.
Read those two sentences again, because you will see no
more valuable advice about the coming decade, than what
you just read.
Hubris?
Nope, just reality.
All the old market rules are out, because in case you haven't
noticed, they aren't playing by the rules any more.
Nothing as you now know it, is going to remain the same,
on that - you will need to bet the farm, to save the farm.
It will be in the understanding of politics, not economics,
by which fortunes will be made and lost over the coming decade.
SOTB |
