Who should you listen to?

The headline to this post is very necessary for you to consider. When it comes to economy and financial problems there are a lot of gurus out there, there are a lot of politicians, journalists and other know-it-all people. Most of them have their own agenda or a certain schooling, and there are those who actually benefit from this recession (really a depression) and benefits from your fear or that you think things are over; there is a light in the tunnel… All of these people cannot be right, it’s self-explanatory, so the question is; who should you listen to? If you listen a bit and look around it seems to be 3 basic groups:

Which of these groups should you listen to?

1) Elitists, bankers, most economists, pretty much all politicians, journalists and several big companies i.e. what I normally call “The enemy class”. This is not a Marxist axiom, it is merely a statement that these people bunched together, rule and control pretty much everything that goes on in the world. None of these (with a very few exceptions within economy and politics) predicted or had any idea how or why this crisis started. Now, however, these are the ones in charge. They know how to fix things - yeah! And how are they “fixing it”? Through government interventions of course. More regulations, more laws, higher taxes, more borrowing, and through the magic of the printing press these people wants to bring back order again.

2) The in-between people. These are fiscal conservatives and some economists that suspect something is wrong, but don’t know what. It is also a couple of journalists wanting to do their job, but lacking the brain to do so. I would also put most “normal” people in this category torn between the other two groups seriously mistrusting the first one, but feeling the third one is to negative and gloomy.

3) Austrian school of economics, libertarians, (My humble self) Nouriel Roubini, Peter Schiff, Ron Paul, Gerald Celente, Bill Smith, Larry Bates, Chales Collins, Marc Faber – just to name a few you should look up. These people, although not all spot on all the time, predicted this crisis long before it happen. In several cases they predicted it many years beforehand and have been completely accurate since telling us exactly what is going to happen. For instance; if you started to buy Gold when I first tried to tell you all to do so you have now more than doubled the value – still a very good buy, just so you know... So what are these people saying now? That things are going to get worse, much worse. Although not all of them as pessimistic as I am, they do still see riots, food lines, hyperinflation and a continuation of this depression for many years, possible decades. What is our salutation? Pretty much the complete opposite of what governments, the IMF, EU and G20 countries has been doing. Let the crash happen and let it happen now, not later when it will be much worse. Let the market fix itself and stop regulating everything.


Many of the pundits flood the propaganda networks with repeated denials of the problems. You probably know who they are. I’m not quite sure what they’ve been smoking. But it appears to be some sort of hallucinogen because they seem to expect Superman to bend the economy back into shape. Ladies and Gentlemen, in case mommy never told you, there is no Santa Claus and there is no Superman. And if you think Bernanke’s and all the other cornflake economists and their printing presses have an endless supply of ink and paper, just wait until the real crisis appears. So you had better get ready because it’s coming. It is virtually inescapable. They’ve been playing this boom-bust game for several years now. And all we have seen are illusions of growth followed by the realities of mismanagement and excess consumption. Running the printing presses in overdrive won’t get any country out of this mess. It hasn’t helped in the past and it’s not going to now. In fact, using the money supply to hold off a recession and prevent bank failures ensures there will an even more devastating crisis down the road.

As I have said and warned about before, get guns, get dried-up food packages, buy candles, get an survival kit and canned goods. Please believe me, you are going to need these items, hopefully sooner (if we want a light depression), but it can be later which would truly be catastrophic.