TFZI has got gold in the cards.
Major events are about to transpire in the weeks ahead that will affect the lives of all Americans who aren't prepared... and I wanted you to be aware of it because the mainstream media isn't covering it.
I already expressed my outrage the other night about how the mainstream media spent the whole week talking about $165MM in AIG bonuses which are completely irrelevant when it comes to the future of our country. $165MM won't be enough to buy a can of soup soon so who cares if these executives got the money or not.
Its absolutely mind-bogging how the Federal Reserve in one day can announce they are expanding their balance sheet by $1.15 trillion, which is nothing more than printing money... yet this gets very little media coverage. $1.15 trillion is 7,000 times more money than $165MM.
Its sad and pathetic how Congress wasted time holding hearings on AIG bonuses when they should've been holding hearings on the need to have oversight of and possibly eliminate the Federal Reserve... because they are creating the real crisis that will destroy America.
The reason why I believe the upcoming Gold boom will be bigger than the dot-com and Real Estate booms combined, is because the Dollar bubble is much larger than the dot-com and Real Estate bubbles at their peaks combined... and as the Dollar starts to collapse in a downward spiral... Gold could literally go to infinity.
When I predict Gold goes to $5,000 per oz over the next few years, this is only if Bernanke, Obama and the Congress reverse course immediately. Every day that goes by where Congress distracts Americans with nonsense while the Federal Reserve prints trillions in new Dollars... the odds increase that we will see Hyperinflation and Gold will go much higher than $5,000 per oz.
The reason why we have a Dollar bubble as large as it is today is simple. The Dollar is the world's reserve currency... which basically forces countries around the world to transact in it and hoard large Dollar reserves. It became the reserve currency for two reasons... it was backed by Gold, and the U.S. was the leading producer of cheap goods that were exported to the rest of the world.
Today, the U.S.'s biggest export is inflation and the Dollar is backed by nothing but faith and confidence that it will always be accepted as money. In order for people to have faith and confidence in the Dollar, its supply needs to be kept scarce. By the Federal Reserve printing over $1 trillion in new Dollars without any debate, discussion, vote, oversight, or transparency of any kind... the world is beginning to figure out that the U.S. will debase its currency until it is completely worthless.
Now, what absolutely nobody in the media is discussing... Russia is calling for a discussion at the April 2nd G20 summit in London on how to replace the Dollar as the world's reserve currency. Sources are now saying that China and other emerging nations are backing Russia's call for this discussion.
I believe the sources are correct because as I discussed last week, China's Premier of the State Council Wen Jiabao said on March 13th he is worried about the safety of the U.S. Treasuries they are holding and wants assurances that the investments are safe. He knows they aren't safe and that we have no way of paying them back unless we print the money and give them Dollars that are worthless.
The main reason we haven't seen massive inflation up until today was because of China's willingness to finance our spending and buy our treasuries. But with the Federal Reserve now buying its own treasuries... I am sure China will not only stop buying them but possibly dump the treasuries they own.
In the weeks ahead... we could see a massive worldwide rush out of the Dollar and into Gold. Every day that goes by is one less day we have to purchase Gold below $1,000 per oz, and the next time it breaks $1,000 I doubt it will ever come down to these levels again.
So for all of you with parents, grandparents, children, aunts, uncles, and cousins who are sitting there holding Dollars, treasuries and bonds... call them right now and tell them they need to get rid of them immediately.
If they still own Real Estate, tell them to just lower their asking price and dump it for whatever they can get... because houses will be practically given away soon. Prices will need to come down to a level where Americans can afford them without getting a mortgage. The average house will probably cost only 20 oz of Gold in the future.
Buy all of the Gold and Silver you can get... because you will be shocked by how quickly they both go through the roof in the second half of 2009.
In Zimbabwe the currency has been officially declared dead and to survive Zimbabweans spend their days panning rivers for small dust particles of Gold. If they are strong and work hard enough to pan for 0.1 gram of Gold, they can buy a loaf of bread and live for another day.
Make sure you spread the word about Lebed.biz because I believe many of the billionaires in this country are about to lose everything and the U.S. will have a new class of wealthy people in the future... and it will be those who discover the Gold and Silver stocks of the future today.
When I released my November 3rd top ten picks for the next 4 years list... they were all Gold and Silver plays and I said they all had the potential to double in the short-term and gain by 1,000% during the Obama administration. Half of the list has already more than doubled including my #1 pick DROOY which at its high on Thursday was up 176% since releasing the list.
Many of the people who doubted me and called me crazy in 2005 when I first started predicting the collapse of the Real Estate market and started urging people to Buy Gold at $450 per oz... are apologizing to me now.
Hopefully nobody doubts me about the Hyperinflation that is ahead.
