Redneck Review
No. 96 - 2/20/2017
Reluctant it is! But it has to happen! A return to a topic that was supposed to end last review! But the words flew easily, and consequently, the space limit arrived, and so it is necessary to add one more column to the claims being made the last couple of weeks!
Recall that Review 95 closed with the comment: "The bottom line is, that conditions are ripe for higher inflation and increased prices for silver. It has to happen!" Added then was a suggestion that readers contact Investment Rarities, and get their $49/year Market Update. I read several such letters, but claim that this is one of the best! It cites a large number of experts who tend to agree with the Austrian theory of economics, and makes the most sense to me! Call 800-328-1860, ask for Bill Collins if interested!
Before including statements found recently in that letter, a quick look at the idea of debt is worthwhile! Aside from its intelligent use to finance long term efforts like home or business purchases, one must admit that debt simply puts off until tomorrow that which SEEMS to be needed or simply WANTED TODAY! Admit however, that the increased standard of living it gives us today, means a reduced standard when the time to repay arrives, UNLESS their pay time can be put off indefinitely, or even FOREVER! Or maybe passed on to those generations to come. No more said here, but a reminder that our government, like most democratic ones which respond to the vote of the people, will use debt to stay in power until a final bankruptcy becomes inevitable! And history tells us this happens repeatedly!
But now some comments, all of which come from the newsletter cited above, and can be found in several other places as well!
Peter Schiff, noted Austrian economist: "Debt monetization (Turning debt into money) was the term used...to describe central banks becoming the exclusive financier of the national debt. Inflation and currency devaluation were expected to be the results.... Investors would be wise to recognize this and diversify accordingly."
SRSrocco Analysts: "The world is sitting at the edge of a massive deflationary cliff... central banks are desperately trying to keep the world's financial assets from plunging down into the great depression below, signs suggest they are losing the battle." (And the remedy of the Keynes experts of course, is to pour more money into the economy, QE - quantitative easing!)
M.N. Gordon: "Soon enough, the realization that stimulus spending won't provide... a lift to the economy will spread across Wall Street, and the...stock market rally will reverse. The Fed's efforts to normalize interest rates will be tabled. The economy simply can't afford higher rates... slow growth and rising consumer price inflation will emerge at some point."
David Stockman, commenting on the possibility of a Fed interest rate increase: "What will transpire is a fiscal bloodbath like never before in...history.... every interest rate gain will add...billions to the federal deficit." (Can we really believe that interest rates can be raised?)
And why an increase in silver? From the same newsletter, source silver expert Theodore Butler: "By fraudulently creating its massive physical holding of silver (the huge bank firm, JPMorgan)...has more than 550 million ounces and growing." (This has happened over the years as they short silver every time a price increase threatens, then they buy physical silver at the reduced prices forced down.) Hmmm! Are they betting silver prices will explode?
Jake Wren

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