The Shocking Reality Of The World Today
October 20, 2013
On the heels of the US continuing to lose credibility around the globe, today 40-year veteran, Robert Fitzwilson, wrote about the shocking reality of the world today. He also discusses what this reality means for key markets such as stocks, bonds, gold, silver, energy, as well as other commodities. Fitzwilson, founder of The Portola Group, put together another tremendous piece below for KWN readers around the world.
By Robert Fitzwilson of The Portola Group
October 20 (King World News) – “The Shocking Reality Of The World Today”
The charade of the debt ceiling debate and clash between political factions last week should demonstrate for all thinking investors that there will be no resolution to the operating and accumulated deficits and obligations in the foreseeable future. For those of us that are aware of the financial peril that swirls around us, it is difficult but crucial to comprehend that this is a battle between factions that embrace the concepts of sound money, hard work, thrift and savings and those that completely reject those beliefs….