The Coming Depression

The global economic situation looks increasingly bad as we face a certain global depression primarily due to the insane monetary policies of the central bankers. The Federal Reserve is now attempting to bail out failing financial institutions by creating more money out of thin air. Some of the big banks are reporting losses greater than the assets they have on the books. Foreigners are also coming in and are buying up this nation’s infrastructure. It is a complete disaster. Amazingly, the Federal Reserve is indicating that they are likely to reduce interest rates again which will cause further value destruction of the U.S. Dollar. This combined with Bush’s so called economic stimulus package are phony solutions that will do nothing to stave off the coming economic calamity. In fact, the Federal Reserve is doing the exact opposite of what they should be doing if they sought a long term solution. A long term solution would involve strengthening the U.S. Dollar with a sound monetary policy. By devaluing the U.S. Dollar they are robbing the average American blind and most don’t even realize it. Much like the Great Depression, the international bankers are now preparing to consolidate more wealth through these irrational policies as an excuse to bring in regional currencies and regional governmental bodies. As a result, we remain bullish on gold, silver and other sound financial instruments in light of this economic tyranny. Expect short term volatility but in the long term expect gold, silver and commodities to rise in U.S. Dollar denominations.