Its All Over: Save Yourself You're On Your Own Now

(important snippets)

Our Best Advisor Says It’s All Over.

I’m not a pessimist but our top and best advisor who seems to be always correct offers the following.  If he is correct, and I suspect he is, we have a long slow Japan-style slog in the economic mud with a major system breakdown, like Russia’s bust-up some years ago. I suspect somewhere along the trail in this movie, the USA Sheeple go to pitchforks and torches. I sure hope not but it almost seems inevitable. What a shame that a few Marxists can do so much permanent damage to my beloved America. All political parties are guilty.

---As we write this forecast on Election Day, we feel certain Bernanke will smooth talk the public after the FOMC meeting tomorrow. These efforts are designed to ease the minds of Wall Street, central bankers, and foreign nations while preparing to jam another $500B in QE2 printing of new bonds, bills and currency. The outcome is a dollar dilution-devaluation with a large move toward inflationary destruction of international credit. They hope for and talk of the opposite. Expect $500B more in each quarter in the first three quarters of 2011; $2 Trillion total.

--As Americans on food stamps approach 50,000,000 next year, the American government and most particularly the bankrupt states cannot afford to keep paying unemployment checks and related benefits. We noticed last week that one state is posting armed guards at unemployment offices as those folks prepare to cut-off the checks. They are expecting violence and I think they are correct. U.S. jobless is 24% going to 35%.

--Immigration problems are spreading and violence is increasing. Watch Arizona and southern California for stand-offs between USA citizens and both legal and illegal immigrants. The American southwest has millions of guns and the Sheeple are getting super angry faster. We think the federal government should immediately order two full divisions of troops to guard the border and cool the hot tempers. They won’t do it as it would admit policy defeat and interfere with new immigrants’ votes for the administration. This dust-up is now in the 9th Circuit Court in San Francisco. The outcome will be against the State of Arizona. Arizona State and local police are unfairly caught in the middle. This turns ugly as citizens take charge and do what they think they must.

--I can foresee, that if this is permitted to continue and spread while the current US administration does nothing, the entire USA Southwest goes under siege. It could turn very violent.

One of the larger wet blankets on America and other economies will be massive, hard-core inflation. Most still think we are in a deflation with no inflation. Food and energy are always the first to inflate and they are running at +9% and moving-up faster. Soon many other parts of the U.S. economy inflate on a sinking U.S. Dollar. We already have a tightening noose on capital controls. Expect this to get worse. Next we’ll see price controls, which are most familiar in war time. 

Pensioners and those older Americans on fixed incomes will be largely, economically destroyed in the forthcoming inflation. New GOP House members will be in open warfare with Obama and his democratically controlled senate. Obama is a one term president going out in disgrace as one of the worst ever to hold the job.  His is an event worse than Jimmy Carter and Woodrow Wilson. May we live in interesting times so be prepared.

--The next fall rally in gold and silver should commence after Thanksgiving. From the signals we see, this rally could be absolutely outstanding. Try your best to own physical gold and silver and trade the shares of the related companies. The next larger-faster phase of commodities trading can continue for another 7 years based upon previous historical cycles. 

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