The Financial Tsnuami Second Wave is on the Way

Monday, October 18, 2010
By Paul Martin
Sunday, October 17, 2010

When I first started my blog in 2008, I was writing about the approaching “financial tsunami.” The TARP $800 Billion bailout soon followed. The first earthquakes of the derivatives crisis had gone off and forced passage of a bill that several Congressmen and Senators said included threats of imminent martial law of it wasn’t. Since then the economy has been reeling and trying to recover, but can’t. After a summer marked by a public relations recovery, Second Wave of the tsunami is almost upon us. It has the potential to wipe out not only the US economy, but also those of many other nations.

A tsunami gives few warning signs before the surf is sucked out to sea by the massive incoming wave. Sensitive animals and wildlife already sense something is happening and head for high ground. But the people are caught largely by surprise when the massive wall of water comes rushing ashore washing away everything in its path. That is what is likely for the already staggering USEconomy.

The spectacular, unrelenting rise of gold, silver and other commodities are signs that those who understand the unfolding financial calamity are taking defensive measures to protect the purchasing power of their wealth. Gold and silver have been the unanimous choice through history as the most basic forms of money in any kind of advanced society. The metals market is not being driven by little retail investors, but by Big Money heading for the exits from the FiatMoney Casino.

Here are some of the warning signs that motivate BigMoney. Maybe they will motivate you.

The Rest…Here

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