Will You Heed the New Signs of Economic Crisis?
By: David Smith
GoldSeek.com
Wednesday, 8 June 2016
On December 7, 1941, Kermit Tyler, an untrained watch officer, was on duty when a radar operator reported to him that he was seeing a large “blip” on the radar screen headed towards Pearl Harbor. Thinking it was a flight of returning U.S. B-17 bombers, Kermit replied nonchalantly, “Don’t worry about it.”
The “blip” turned out to be the first wave of over 300 Japanese fighters and torpedo bombers bent on attacking U.S. naval and air assets, an act which would plunge the country into World War II.
Like the warships on Battleship Row, your assets are at risk.
Eight battleships – each named for an American state – were grouped at Pearl Harbor when the Japanese attacked. (One – the West Virginia – was named for the state of my birth.) They were sitting ducks, and once the attack began, had little chance to protect themselves or even get underway. Seventy-five years later we still refer to that time, phrased by President Franklin D. Roosevelt, as “A Date Which Will Live in Infamy.”
We are living in dangerous financial times, sailing (or moored) in uncharted waters. If you’ve read the columns posted at MoneyMetals.com, you know exactly what’s been going on and what’s likely to take place down the line. (If not, just go to “news” / Money Metals News Service and through the menu of interviews, commentary, and breaking news, inform yourself so you’ll be able to make a plan… and take action!
Kermit had an excuse. You do not.
Kermit Tyler was untrained, unsupervised, and unaware. Later on, he was exonerated from blame. (In reality, he was a convenient fall-guy for the ineptitude of others in positions of much greater responsibility and access to information.) They ignored the warning signs of Japanese intentions, not to mention common military sense – the vulnerable positioning of ships in harbor, and of the warplanes – aligned wing tip to wing tip on nearby airfields. But Kermit, dying at age 96, had to live with that knowledge and his initial response to it for the rest of his very long life.
A massive “financial blip” is on the radar screen, headed directly for your position. It’s not the government coming to help you. But it is mostly the result of their formulated policies which have stood proverbial common sense on its head.
If there’s a guarantee, it’s that the Beltway Crowd and the moneyed interests who keep them in power will be trying to do more of what has not been working lately. On the horizon is the possibility of negative interest rates (already a fact of life in Europe) on your savings account to try and force you to spend money on things you don’t need, in order to “help the economy”.
There’s talk of reducing the denomination of the paper promises in your wallet or purse, so that the largest ones you carry around may soon only be $20 bills – which bought four times as much in the ’70s as they do now. “Affordable health care” – with annual premium hikes, higher deductibles, and less choice in providers as far as the eye can see.
In recent weeks, we’ve seen admission by top Administration advisors, and workers at the world’s largest social media sites that they’ve crafted the “narratives” (falsehoods) they wanted you to believe as reality, deciding what you “need to know” – which are then reported verbatim by a lap-dog press that long ago forgot what “investigative journalism,” let alone professional skepticism, was supposed to mean.
A long-term financial “blip” most do not see…but gold does!
The Rest…HERE
