This amazing video that Peter Anderson sent me with Glenn Beck and Peter Schiff is from October, but couldn’t be more pertinent. Inflation is a coming threat. Right now we have deflation. Part of the reason for that is because there is a glut of goods and not many buyers. Once the glut is gone, we will have a jolt of reality hit.
Until this week I have been hesitant lately to continue to blog on the dire financial situation because we are being told that we hit bottom and things will now get better. Then I remembered that one year ago at this exact same time I had the same predicament. I wanted to give my readers a break and allow the false hope to cheer everyone up. Finally, I decided that since all the economic indicators shows just the opposite of what we were being told, I could no longer stay silent.
It is my duty as a citizen, to warn others to be prepared and do what they can to protect their families. I looked like a fear mongerer a year ago, but by fall, my predictions looked mild. I will do the same now. By October, I predict that everyone will know that we are not on the way back up. Believe me, living by Las Vegas, I heartily wish it were otherwise. It isn’t.