While most economists and
market analysts jump on the mainstream bandwagon by supporting the deception,
one contrarian who has never touted the party line is Jim Sinclair of JS mineset.
He’s been accurately
forecasting trends and market movements, especially precious metals, for
nearly four decades, so he knows a thing or two about public perception,
market confidence, and the reality of economic fundamentals.
In his latest interview
with USA Watchdog, Sinclair warns that the bottom
could fall out at anytime, and the effects will be nothing short of
devastating.
Whether you’re goal is to
protect your wealth from the continued destruction of our currency, or if
it’s to insulate your family from an event that could threaten our
food supplies or the normal flow of commerce, now is the time to prepare for
the real possibility of an ‘event’ so serious that it will leave the majority of our
populace scrambling once it happens.
And as Jim Sinclair
notes, it will happen… maybe even tomorrow.
How do we know that
tomorrow isn’t the day? Or the day after?
We have so many things
wrong in the economy… so many holes in the dike… so many fingers stuck in the
dike to try and keep it functioning… that any one of those could create what,
ten, twenty, thirty events that could create significant loss of confidence.
Nothing has changed. It
has gotten worse. Derivatives haven’t gone away, they’ve grown. Debt hasn’t
gone away, it has gone up exponentially. there is no argument that says the
dollar is entering into a period of strength. The U.S. economy, at
best, is a straight line with a slight uptrend… but very slight… very fragile…
very easily derailed… All of which affects confidence.
…
We’re facing the annihilation of currency.
We’re facing the shift of America as the leading and most influential
nation in the world to some form of Banana Republic.
We’re facing… being a second rate country.
In the banking industry we’re facing the possibility of a bail-in rather
than a bail-out.
On the individual level, if it wasn’t for food stamps, we’d have long
lines waiting for free food.
… We are in a decelerating recovery, which by definition, economically, is
an accelerating recession.
Watch, as Jim Sinclair and Greg Hunter discuss everything from how to
protect yourself once confidence is lost, to how to GOTS, or Get Out of the
System, before the-powers-that-be leave you broke and hungry.
Jim Sinclair is well known for investment recommendations designed to protect
you from a widespread loss of confidence in the system’s ability to mitigate
crisis and maintain stability.
Gold is insurance. What it insures you against is everything that has to
do with the confidence in which gold, the currency is trading, the dollar.
So all of these debt situations, even massive spying on our allies…
anything that can affect confidence in the U.S. dollar… is hedged by, it’s
insured by gold. The combination is debt, dollar, gold. That’s the
influencing items that all come down to confidence.
And confidence lost is a currency event.
And hyperinflation, that which I expect, is not an event economic. It’s an
event of a currency… losing confidence in a very short period of time.
…
I think the dollar gets hammered. I believe we are headed for
hyperinflation.
While gold and silver
will certainly protect you in the event of an annihilation of our currency,
consider that your “portfolio” should include other hard assets that
may be just as valuable, if not more valuable depending on the
circumstances.
If we’re to expect a hyperinflationary event, then we must assume
that the dollar has crashed, rendering it valueless in the eyes of your local
merchant and even foreign suppliers of things like food, oil, and technology.
This means that without the dollar there will exist no means of exchange,
essentially causing a disruption to the normal flow of commerce.
Subsequently we’d lose our ability to “purchase” food, gas, and anything
else you acquire by means of dollar denominated payments.
In such a scenario, only hard assets will be of value. This means that if
you haven’t put aside long-term food stores and other barterable supplies, you’ll be left to face the horrific consequences.
The trend is clear. Trillions are being printed on a yearly basis in an
effort to keep up a perception of confidence and stability.
The resulting annihilation of our currency and very way of life is
inevitable.
