"Is everything gonna be all
This is the question Ron Holland raises in a recent article, and of course the only answer is, no one really knows. "My
advice is to legally diversify much of your wealth outside your home country,
currency and the political leeches running everything and then live your
life." What else can we do? We can pay close attention to the big banks
and the governments they fund.
1. "As a contrarian I believe if the PIIGS return to their national
currencies, this could actually benefit both them and those northern European
nations remaining in the euro. While a win/win situation for individual
nations this would be catastrophic for the banking elites and they seldom
lose and why I believe the banks and EU politicians will do their best to
keep every nation in the EU."
2. "If you want to know what will happen in the US, just watch the
mega-bank bailouts in Europe and the forced austerity measures on the already
bankrupt PIIGS and their citizens, this is our future. Forget what the
politicians promise, the financial experts say or the establishment news
propaganda as the tide of wealth confiscation will also sweep the United States.
The Federal Reserve and central bank cartels have created too much fiat money
and the politicians have borrowed too much sovereign debt to buy votes and
they will steal your wealth to prop up the governments, banking elites and
3. The Super Committee, as expected, has turned out to be a Super Farce.
"Basically nothing will happen in reducing the budget and our debt will
be continually downgraded."
4. Could a Middle East war jack oil prices up to $200 a barrel? If Israel
gets its way, there will be war against Iran. Oil prices could soar. A
revolution in Egypt could cause further havoc in the Middle East.
5. Governments will crack down hard on dissenters, as witnessed in Egypt and
the United States. Police are no longer "peace officers." They are
fast becoming militarized - even in the schools. Law and order will be reduced to obey or else.
6. "If the firewall around the sovereign debt of Italy fails then the
entire continent will likely be thrown into a prolonged recession and debt
crisis as rising interest rates and falling bond prices jump the Atlantic to
the final western redoubt of stable government bonds, the United States. This
is what everyone fears most, no place of safety in the West."
7. Was the MF Global Collapse "a deliberate attack against those making
money speculating against the dollar and favoring gold?" As Lawrence Lepard wrote recently,
Personally, I have $90,000 at MF Global and I would like to have my
honestly earned money returned. Unfortunately, the odds of that happening any
time soon seem slim. In part because when MF Global entered bankruptcy the
judge appointed a Trustee whose law firm has done substantial work for JP
Morgan, a deeply interested party. We will probably never find out what
happened here. . . .
I, for one, do not accept that Jon Corzine is stupid enough to lever
up MF Global 40:1 and use the proceeds and customer money to bet on European
sovereign debt. This was a hit, pure and simple. That is why there is no
resolution to the problem.
And why a "hit"? Simple: To
punish commodities speculators for betting against government debt and fiat
So, how in the world can we wake up feeling optimistic about the future? We
can't. That's asking too much. The government parasite is too big and
powerful. And the government is imploding, financially.
Holland: "My answer is to quit worrying, take sound preparations and
then get on with your life. Every generation and nation have
had their trials and tribulations, success and failures and although today
looks eerily like the 1930’s, this too will pass."
True. But it will be a brutal passage for many.
his book : The Flight of the Barbarous Relic
Visit his website