I can tell the future: just look what's in your hand. In other words, you don't have to be a seer to read the present. Yet, inexplicably so few financial analysts are able to do this.
Certainties:
A) The Fed will devalue the dollar to the point of instability.
B) Politicians will do only what's most politically expedient to building their own power base.
C) Political pundits will spread hate until they incite riots.
D) The military industrial complex will make sure we remain at war indefinitely.
E) The national debt will grow until we default.
F) The global banking system will implode.
G) Gold will remain the only stable currency and the most reliable store of wealth.
How do I know these things?
Because they are happening. Not because they will happen. Because they are happening.
The number of credible analysts who can see most or all of these things is myriad:
Marc Faber, Richard Russel, John Mauldin, John Williams, Nouriel Roubini: There's several centuries of market experience and brilliant macro calls right there.
The fact that talking heads at Fox, CNBC, Bloomberg, the Wall Street Journal, Merril Lynch, Bank of America, JP Morgan, can spin a positive narrative out of this utterly bleak reality is a testament to what Nietzche regarded as the virtue of all narrative literature: It allows us to look at ourselves through a flattering glass so that we don't die of fright.
Okay, maybe that's a little dramatic. But really, at some point, it pays - quite literally - to see things as they are. Because if you do, you will realize the only credible investment at present - and for the foreseeable future: is gold.
No comments:
Post a Comment