To Tell the Truth

Our last few posts have dealt with the Coming Crashes, and if you’ve been watching the markets the last few days, you can see that things are rapidly deteriorating. Yes, so much so, that even many conventional financial outlets are starting to tell the truth.

Here are two articles that I believe are important in any discussion of our economic future and your financial destiny:

• Sell Everything from CNN/Money
• Interest on Reserves from the Cato Insitute’s George Selgin, PhD, Director of the Center for Monetary & Financial Alternatives

If these aren’t enough to wake you up, just look at a few of the headlines from the WSJ “Heard on The Street” email blast for the past few days: “Well’s Fargo Earnings Flat…”; “US Stocks Sell Off Amid Global Rout”; “Corporate Bonds Offer Little Comfort for Jumpy Market”; “The Fed’s Inflation Problem Just Got Worse.”

While the President’s recent State of the Union address painted a picture of recovery, the reality is that we are not recovered and it’s much worse than anyone, outside of the Austrian Economics thinkers, realizes or will accept. There are still many main steam financial pundits who want you to keep drinking the Kool Aid. But, those of us in the know realize that the “buzz” is beginning to wear off (See our post: Economic Hangover).

Let’s look at the truth behind some recent statistics that have painted a ‘rosy’ picture:

• Only 5% unemployment.
  • The Truth:  Most people unemployed since the 2008/2009 recession have dropped off the unemployment rolls, and many of the new 13 million jobs created since then are part of a series of job works programs or recent graduates filling low-paying jobs.
• Real Estate is going strong and booming.
  • The Truth: The real estate market is propped up and inflated due to hedge funds’ participation in the marketplace.
• The stock market has stabilized as the money supply has grown.
  • The Truth: The increase in the money supply, caused by inflation, should never be in lockstep with the stock market. (See Dr. Robert Murphy’s video: Coming Crashes)

Finally, there is one last thing to consider: Janet Yellen has now been the new Fed Chairperson for almost two years. According to our post of September 29, 2015, “When Is The Next Bust Going To Happen?”, the bust is scheduled to happen within in 6-12 months from that date. Actually, Ms. Yellen might be a little overdue – but given what’s happened to the markets this past week – maybe her 2-year anniversary “bust” is right on time! (Click on the graphic for a bigger view!)

For more information, read our previous post on the Coming Crashes from November 2015, which includes the link to the original 3-part Coming Crashes series from December, 2014.

Folks it’s time to get moving: you can accept the truth and take action or continue to ignore the signals and go down with the ship … as the band plays on. Don’t let this economy be your Titanic.

Alternatives, anyone? Don’t wait until the bust/crash to get prepared. Like I always say, “If you know what is happening, you will know what to do!!” To get ahead of this potential crash, contact me now.

PS: One good reason to at least create your own privatized banking system – do it to just finance your cars at the very least! Read the story: Auto Loan Bubble