The global financial crisis, which hit in 2008, is nowhere near over – contrary to the ongoing optimism of politicians. Fact is, nothing fundamental has been done to fix the problems which caused the crisis in the first place. And when push comes to shove, there is no way to climb out of a debt-induced crisis by simply going deeper into debt.
There is so much fiat money about to be printed, to keep the banks and “ships of state” viable, that it will all come back to bite us in the mid-term future – by way of monetary inflation. Or to put it more accurately – by way of ever-descreasing value of your money.
How can you protect yourself against such devaluation – which will dilute both your current purchasing power and any savings you have in place?
My own view is that it’s time to think seriously about the world’s only real money – GOLD. Gold has stood the test of time and if, over the last decade or so, you had been saving in gold instead of paper money, you’d be far ahead of the curve right now.
Trouble is, gold is expensive to buy, and many people cannot see themselves accumulating it. But there is a way. One company has come up with a gold-saving strategy that is accessible to most everyone, providing a way for Mr or Ms “every person” to start saving gold for a rainy day.
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There is considerable and growing opinion to the effect that Israel is becoming its own worst enemy – in that it is pursuing a course of action that can only end in tears and possibly the end of the Zionist project itself.
Philip Giraldi takes a well-reasoned look at this phenomenon in his essay:
Looks like the eurozone endgame is approaching, with events that could trigger a domino effect. As usual Ambrose Evans-Pritchard has his finger on the pulse in his article:
We all know you can’t solve the problem of debt by going deeper into debt. But that’s exactly what governments all over the world are doing – particularly those in the Western hemisphere.
But what happens when the 30-year-old debt super-cycle unravels? The following interview with David Stockman tells it like it really is:
I like Bitcoin and have a BTC account myself. I even accept Bitcoins for membership to SovereignLife. I like what it represents – a form of money independent from banks, corporations and governments. Even more importantly, it is debt-free money, money that comes into existence without generating a liability – unlike fiat money. Sure, Bitcoin has its detractors, but it also has a growing core of believers and avid users – those who drive the BTC market.
The Middle East is critical to world peace. It houses most of the world’s oil. It also houses the constant struggle between the Jews and the Palestinians – not to mention the uprising of Arab awareness and Iranian assertiveness. The Jewish perspective on this struggle is well-known and constantly replayed by the MSM. But what is the reality? If Israel was given life by the sword, what is its future?
The global economic situation remains unpredictable, but in certain areas of the world – namely Europe and the USA – the economic signals are dire indeed.
The obvious remedy is that governments everywhere need to “trim their cloth” and cut costs – austerity in other words. But an electorate raised on the socialist dream of hand-outs and “something for nothing” is deeply unhappy about things and starting to respond in kind at the ballot box.
In the UK the local elections have returned large Labour majority,s and in France it looks like a socialist President will be returned – one who promises to tax those who earn more than $1 million at the rate of 75% no less!
Yes, governments everywhere are between a rock and a hard place, as they attempt to weigh the need to cut costs with the need to be re-elected – by an electorate in no mood to have government benefits reduced.
David Galland of Casey Research takes a close look at all this in his excellent essay:
It could be said that most politicians have a “Messiah” complex – a belief that they are uniquely suited to solve the problems of the world – and usually with disastrous consequences.
Uri Avnery believes the current leaders of Israel – Netanyahu and Barak – certainly have a similar complex, and that he is not alone in his conclusions:
