Simply Politics & News

[ChrisJP]

I think what you said sums it up: To watch our "leaders" stay the course on this "borrow and spend until something cracks" seems insane!

In the late 1990s, individuals bought ever increasing amount of stocks on borrowed money. The collateral for the loans were the very stocks they were purchasing. It was great until it lasted.

In the early - mid 2000s people bought houses with money they couldn't afford to borrow but banks lent it to them anyways. It was great until it lasted.

So now, we're buying jobs and assets with borrowed money. It will be great until it lasts.

My advice is not to fight the Fed and participate in the borrowed money bonanza as much as you can. You dont need to load up on gold/silver way in advance -- maybe 5% of your net worth. Cuz when the shit hits the fan your gold and silver will be worth 10 times what it is now.

Oh yeah -- make sure you have an escape plan. A place that will be relatively safe from the anarchy when it starts to happen. Being able to get to it on a single tank of gas is a plus.

Hope that helps.

Chris