Robert Wiedemer: Awaiting The Aftershock

Saturday, December 1, 2012
By Paul Martin

by Adam Taggart

The 2007 puncturing of housing market prices and the 2008 financial market swoon are the precedents to two much larger and much more dangerous bubbles. These more pernicious threats are the dollar bubble (“printing money”) and the government debt bubble (“borrowing money”). While both are expanding at a sickening pace, in the near term they deceptively make things seem much better than they are. But, like all bubbles, they are unsustainable. The Fed is well-aware of this dire probability, but finds itself increasingly stuck to avoid it. The Fed’s main strategic consists completely of “hope”. It’s backup strategy? “Panic” and thus the need to focus on preservation of purchasing power, and positioning one’s financial assets safely before the aftershock arrives.

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