You are here

When?

Newsletter: 

"The most amusing question asked of the Jackass by clients and other people is when the system is going to break down. My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses."

- Jim Willie the Jackass

 

That quote comes from Jim Willie's latest - The fall of the West does not need to happen in a day, a single event, nor in a single moment, or on a specific date. In fact, the fall of the West has been taking place this entire time, even though it didn't completely fall apart all on the same date. The Fall of the West is still happening; every day there is more news regarding the insolvency of Western Governments, Institutions, Businesses, etc; every day there is more news regarding the rise of the East, bilateral currency deals, increased ties between Russia & China, the flow of gold from Switzerland to Hong Kong, etc. As for important dates, its not like there aren't any. Many would look to 2001 as a major turning point. Jim Willie and others might look to 2008.

However, what some have been saying is that many factors and conditions are in place that will lead to one or more major currency events such as hyperinflation, bank defaults, bail-ins, etc. If one can see the trends (or cycles) and see things coming, then one can be prepared ahead of time. This preparedness makes the actual date or timing of an event irrelevant.

The only problem some might have with being prepared ahead-of-time, instead of just-in-time, is that it turns into a waiting game. Those who don't know are already in bliss, those who know somethings up but haven't taken action are worried and anxious, and those who are ready....well they're just waiting. Some might even be getting impatient or frustrated.

The following are for those stuck in the waiting game: 

 

"The world doesn't owe you anything. It was here first."

- Mark Twain

 

"Markets can remain irrational a lot longer than you and I can remain solvent." 

- A. Gary Shilling (falsely attributed to JM Keynes)

 

"Men who can both be right and sit tight are uncommon."

- Jesse Livermore

 

The best solution to avoid waiting for the inevitable, is to do something else. The inevitable can sometimes take extremely long to happen. Sometimes, way longer than one can remain patient (or solvent). Time is on the side of the prepared, time will bring the events, eventually. Why spend time waiting patiently, when one can be enjoying life knowing that all the preparations that can be made, have been made?

Perhaps the most effective thing to do, would be to go down to your favourite bullion dealer and dump some more paper assets. If that's already been done, sit down and relax. And if that's been done too...well then what are you uptight about? Smile and enjoy your life.

Join Forum

To prevent automated spam submissions leave this field empty.

Best of the Web