Prepare yourself for the impending global crisis
Saturday, January 8, 2011
By now, you should have seen Porter Stansberry's prediction for 'The End of America.' His recent video was the culmination of years of research and observation, which led him to this conclusion... The U.S. dollar and economy are doomed. The U.S. government has printed more money and taken on more debt than it can ever repay.
But the U.S.'s situation isn't unique. We've seen it play out many times throughout history. Whenever a sovereign nation becomes so indebted it can never hope to repay, it inflates. And the scary thing is, inflation is already running rampant. Take a peek at the chart below and its explanation from the most recent issue of his Stansberry's Investment Advisory newsletter.."
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............As Chris Weber points out in this week's DailyWealth, gold has risen for 10 consecutive years. Going all the way back to 1980, Chris never found another market with the same consistency.
And he agrees gold's rally isn't over. Go to the grocery store and ask people if they own gold... Not gold jewelry, but actual gold bullion. Most do not. Sure, gold is making headlines. But until your waiter, auto mechanic, and tailor are showing off their new Canadian Maple Leafs, you can bet gold will rally. If we do see a short-term dip down to $1,300 or $1,200, we'd treat it as a tremendous buying opportunity.
And it helps that the Federal Reserve is hell-bent on printing the dollar into oblivion......
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