These are the current situations as I see them, and they contradict all the financial ’wise men.’
(1) The Dow close to its previous high, and I think close to a great downward slide.
(2) A war is costing $150 million a day in printing press money.
(3) Foreign nations are getting rid of dollars as fast as they can without causing panic.
(4) Gold and silver have had a one day ’correction,’ which was very brief.
(5) Real estate has begun its downward slide, with foreclosures and bankruptcies at highs.
(6) Most of what we buy is made in China, and even much of our food comes from overseas.
(7) Billions of dollars leave America daily to foreign lands, who are becoming suspicious of them.
(8) Millions of illegals send millions of dollars back to Mexico every week.
(9) Taxes collected don’t even pay the interest on the national debt, which grows every second.
(10) An ever increasing number of Americans are fed up and revolting silently by dropping out.
(11) Is it any wonder that a very small number of smart people are getting out of dollars and into gold and silver? The majority are always wrong, and this time period is no exception.
Have a great weekend, and watch this column Monday for a very important film review.