Dateline: 17 July 2014
Our economy has limped along since 2008 and never fully recovered. A perfect anthropomorphic analogy for our present economy would be a terminally ill person getting blood transfusions to extend their life for a little while longer. The economic transfusions are mind-boggling amounts of American dollars being created and fed into the world economy. This “quantitative easing” has not stimulated economic growth, and it never will. The creation of so much more American debt has only enriched international bankers at the expense of "main street" Americans.
[Sidenote: David McAlvaney's Most Recent Program discusses the current stock market boom (bubble). The McAlvany investment strategy has been described as 1/3 stocks and bonds, 1/3 cash, and 1/3 precious metals, but David appears to be advising stock market investors to cash out now.]
They may be wrong. It wouldn't be the first time. Economists are often wrong in their predictions. But sometimes they are right.
All paper money schemes in history have run their course, and eventually collapsed. The American dollar will be no exception, and it will be an epic collapse when it happens. I think this will happen sooner rather than later. Maybe it won’t be real soon, but I’d rather be prepared (as well as possible) for this eventuality years early instead of one day late.
If you have not already done so, I recommend that you read my Agrarian Style Economic Self-Defense Plan, and my six-part series, How To Get Through The Coming Hyperinflation.
I wish you well.